The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has recently been honoured at four categories of the multinational financial services corporation Visa Inc.
The Operations Centre of the State Bank of Vietnam, on November 24, adjusted down both the buying and selling rates for the US dollar, the first adjustment made so far this year.
A new decree released by the Government will allow State-owned commercial banks to save cash to increase their strength instead of paying dividends to shareholders.
The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1% compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.
Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
VOV.VN - The price of SJC gold on the morning of July 27 reached a new record high, exceeding VND56 million per tael for the first time in domestic transaction history.
VOV.VN - The global price of gold climbed to above US$1,870 per ounce for the first time this year on July 23, prompting local gold prices to reach a new peak of over VND54 million per tael.
Domestic banks are expected to face increasing competition, especially as European banks will be able to access the Vietnamese market when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.
VOV.VN - Domestic gold prices continued to reach new highs, rising to VND52.9 million per tael on July 22, representing their highest price to date.