Leaders of the country’s four largest banks (the Big 4 group) BIDV, Vietcombank, VietinBank and Agribank have announced their preliminary positive business results for 2024.

While mergers and acquisitions in the Vietnamese life insurance sector have been relatively quiet, M&As in the non-life insurance sector have been quite strong, with the participation of both foreign and domestic investors.

VOV.VN - The State Bank of Vietnam (SBV) on June 3 sold SJC branded gold bars to four State commercial banks and a gold and gemstones company at a stable price in an effort to narrow the disparity between domestic and global gold bar prices.

Many banks have adjusted up savings interest rates by 0.2-0.3% per year since early this months to lure depositors in the context that the savings amount at the banking system has declined for the first time after 25 consecutive month increase.

Deposit interest rates at four major banks of Vietnam have been adjusted sharply, down by 0.2-0.4% per year from the previous listings, bringing the rate to 2.2% per year at the lowest.

The four biggest banks in Vietnam have strongly cut interest rates for various deposit terms to the lowest levels of the year.

VOV.VN - A total of five local banks have been included in this year's Forbes list of the world’s 2,000 largest firms.

VOV.VN - VietinBank and MUFG Bank, Ltd. (MUFG) have commemorated 10 years of strategic alliance that enabled both organizations to support the growth of Vietnam’s banking sector and foster deeper Vietnam-Japan business and knowledge exchanges.

Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.

Having hold of a large amount of bad debts mortgaged by real estate, Vietnam’s four biggest State-owned banks are urgently recovering the debts, but the work remains tough for them due to the slowdown of the realty market.