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Credit growth expanded 7.33 percent in H1

Credit growth expanded 7.33 percent in H1

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

Vietnamese banks to seek capital in international markets

Vietnamese banks to seek capital in international markets

Vietnamese banks are seeking to raise capital in international bond markets as they face growing pressure to hike capital to satisfy the central bank's regulations on minimum capital requirements and Basel II standards by early next year.

Reference exchange rate up on March 25

Reference exchange rate up on March 25

The State Bank of Vietnam set the daily reference exchange rate at 22,964 VND per USD on March 25, up 7 VND from the last working day of previous week (March 22).

Vietnamese dong given stable outlook

Vietnamese dong given stable outlook

The Vietnamese dong would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the dong and the US dollar as well as the stability of the Chinese renminbi, experts said.

Foreign investment in banking sector to surge

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.

NA leader pays after Tet visits to banks, customs sector

NA leader pays after Tet visits to banks, customs sector

VOV.VN - National Assembly Chairwoman Nguyen Thi Kim Ngan made visits to HDBank and Vietjet- private economic groups on the morning of February 11, the first working day after the 9-day Lunar New Year (Tet) festival.

Selling shares to foreign investors, VCB’s charter capital up

Selling shares to foreign investors, VCB’s charter capital up

The charter capital of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has risen by 3 percent to 37.1 trillion VND (1.6 billion USD) after its recent sale of more shares to two strategic investors - the Singaporean investment fund GIC Private Limited (GIC) and Japan’s Mizuho Bank.

Banks post high profits in 2018

Banks post high profits in 2018

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.