Tag: commercial banks
Strong rise in bank profitability in first quarter
A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.
Banks required to issue chip cards for security
Vietnamese commercial banks are required to issue chip ATM cards to improve customers’ transaction security from March 31, according to the State Bank of Vietnam’s Circular No. 22/2020/TT-NHNN.
Bamboo Airways seeks refinancing loan with interest rate of 0%
In a document sent to the Ministry of Transport, the private airline Bamboo Airways proposed a preferential loan and some tax cuts to overcome the COVID-19 crisis.
First debt trading floor in the pipeline in Vietnam
VOV.VN - The State-run Vietnam Asset Management Company (VAMC) has initiated plans to establish a debt trading floor over the next five years to deal with commercial banks’ non-performing loans and attract investors.
COVID-19 pandemic causes bad debts to surge
Non-performing loans (NPLs) among commercial banks increased sharply in the first three quarters of this year due to the adverse impacts of the COVID-19 pandemic.
Vietnam to allow banks to use foreign e-wallets for int’l payments
The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.
Banks target consumer loans for higher credit growth
Commercial banks are trying to boost individual consumer loans, especially to home and car buyers, since credit growth had slowed due to low capital demand from businesses.
