Tags: tpbank

Local commercial banks cut interbank transfer fees

Local commercial banks cut interbank transfer fees

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than 500,000 VND (21.5 USD) following the move of the National Payment Corporation of Vietnam (NAPAS) to cut switching fees with an aim to promote cashless payments.

Vietnam Travel Fest 2019 on way

Vietnam Travel Fest 2019 on way

Vietnam Travel Fest 2019, the largest travel promotion fair in Hanoi, will be held by the Phong Han JSC and Travellive in collaboration with Aeon Mall for the first time at Aeon Mall in Long Bien district, Hanoi, from March 15 to 17.

TPBank wins fastest-growing SME bank award

TPBank wins fastest-growing SME bank award

The Tien Phong Commercial Joint Stock Bank (TPBank) has won the 2018 fastest-growing small- and medium-sized enterprise (SME) bank award from the Global Banking and Finance Review.

IFC, TPBank sign deal on US$100 million loan

IFC, TPBank sign deal on US$100 million loan

The International Finance Corporation (IFC) and Tien Phong Commercial Joint Stock Bank (TPBank) have inked a deal under which the IFC will provide a syndicated loan of US$100 million to help TPBank extend long-term funding to mirco-, small- and medium-sized enterprises (MSMEs), and individual borrowers through digital delivery channels.

E-banking in Vietnam is still treading water

E-banking in Vietnam is still treading water

E-banking, the latest trend in the Vietnamese banking system, has not completely been able to replace conventional banking customs although the majority of baby boomers (those born in 1945-1960) and generation X (1961-1980) show insignificant interest in modern banking services.

Banks woo with fresh confidence

Banks woo with fresh confidence

Foreign funds are making their way back to Vietnamese banks, as the sector cleans up bad debts and improves corporate governance.

Risks involved in interest cut

Risks involved in interest cut

The current interest rate levels have been deemed appropriate for the time being, according to experts, and any attempt to further cut rates could impose unnecessary risks to Vietnam’s overall macro-economic stability in the medium term.

US property purchases on shaky legal grounds

US property purchases on shaky legal grounds

According to experts, the estimated US$3 billion spent by Vietnamese people to purchase US residential property could have been transferred largely through illegitimate ways.

Banks report profits, experts worry

Banks report profits, experts worry

Numerous commercial banks have reported rising profits in the first half of 2017. However, experts have raised concerns over this growth.