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.

The number of new customers of commercial banks has increased dramatically in recent years thanks to their digital applications.

The group of the four biggest State-owned banks (Big 4) have launched preferential loan packages with interest rate reductions of up to 3% per year to lower short-term lending rates to only 7% per year.

VOV.VN - The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has won the title of the world’s best foreign exchange provider for the fifth consecutive year by prestigious magazine Global Finance.

VOV.VN - The Asian Banker has honoured the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) as the Best Digital Banking Initiative in the Asia-Pacific region this year.

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2022.

VOV.VN - UK financial publication Asiamoney has honoured the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) as the Best Services for Trade Finance in Vietnam for 2022.

VOV.VN - The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) received two great prizes granted by the International Finance Corporation (IFC) for three consecutive years.

Banks increased their charter capital by more than VND110 quadrillion in 2021 - the highest annual growth to date - to enhance financial strength and meet the central bank’s regulations.

VOV.VN - As many as 109 local enterprises were honoured for Vietnamese strong brands 2021 during an awards ceremony held on October 13 by Vietnam Economic Times in Hanoi.