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Credit institution assets reach nearly US$448 billion

Credit institution assets reach nearly US$448 billion

The total assets held by Vietnam’s credit institutions reached more than VND10.3 quadrillion (US$447.8 billion) by the end of May, an increase of 3.27% over the beginning of this year, the latest report from the State Bank of Vietnam (SBV) showed.

Foreign banks expand operations in Vietnam

Foreign banks expand operations in Vietnam

Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.

Foreign banks assure continued presence in Vietnam

Foreign banks assure continued presence in Vietnam

Some foreign banks have assured that they will retain their presence in Vietnam after withdrawing capital from some Vietnamese partners recently, noting that the country is still an attractive market.

SBV urges resolution to bad loans

SBV urges resolution to bad loans

The State Bank of Vietnam (SBV) has issued a document asking credit institutions and branches of foreign banks to push the resolving of non-performing loans in 2018.

Foreign banks try new local tactics

Foreign banks try new local tactics

The Year of the Rooster has been a rollercoaster ride for foreign banks in Vietnam: one received a licence to expand, two trimmed down their business scopes, while others decided to divest their stake in domestic banks.

Foreign banks on trend to exit Vietnam

Foreign banks on trend to exit Vietnam

Foreign banks have exited Vietnam or narrowed operations in the Southeast Asian country, against early expectations that they would soon eat into the market shares of local lenders.

Vietnam lucrative for foreign banks

Vietnam lucrative for foreign banks

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam.

Woori Bank sets up local company in Vietnam

Woori Bank sets up local company in Vietnam

VOV.VN - Woori Bank, the Republic of Korea’s second-largest lender by assets, announced on November 7 that it has formally established a local company in the capital city of Hanoi, Vietnam.

Foreign banks warn of inflation risks in H2

Foreign banks warn of inflation risks in H2

Two major foreign banks active in Vietnam have warned of the upside risks to inflation in the second half of this year, giving limited scope for monetary easing.

What’s behind billions of dollars deposited at foreign banks?

What’s behind billions of dollars deposited at foreign banks?

The economists from VEPR (the Vietnam Centre for Economic and Policy Research) believe that even if the dollar interest rate decreases to a very low level, businesses would still prefer borrowing dong, which is the reason why banks have to deposit billions of dollars at foreign banks.

Foreign banks have little impact on Vietnam economy

Foreign banks have little impact on Vietnam economy

VOV.VN - The entry of foreign banks has significantly increased over the last two decades, says the State Bank of Vietnam (SBV), which performs state management over monetary, banking activities and foreign exchange.

SBV asked to keep lending limits

SBV asked to keep lending limits

The HCM City Real Estate Association (HOREA) has proposed the State Bank of Viet Nam (SBV)'s regulations on lending limits and capital adequacy ratio requirements for credit institutions, including branches of foreign banks not be changed at the moment.

ANZ named best trade finance provider in Vietnam

ANZ named best trade finance provider in Vietnam

The Australia and New Zealand Banking Group Limited (ANZ) has recently honoured as the best trade finance provider in Vietnam , presented by the US-based Global Finance magazine.