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Banks achieve half year’s profit target

Banks achieve half year’s profit target

VOV.VN - Twelve out of the 25 commercial banks that have announced half-year financial reports achieved more than 50 per cent of the annual profit target within the first half of this year.

Nine banks report over trillion VND in H1 profit

Nine banks report over trillion VND in H1 profit

VOV.VN - Nine commercial banks each recorded trillions of VND in profit during the first half of 2019, making the combined profits of VND33.6 trillion (US$1.44 billion), as stated in their business reports for the reviewed period.

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.