Vietnam faces capital redundancy amidst complex global situation: Agribank chairman
The international situation remains complicated in 2024, negatively impacting business activities of Vietnamese enterprises, especially banks, said chairman of wholly state-owned Agribank Pham Duc An.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's Big 4 banks cut deposit interest rates to below 2%
Deposit interest rates at four state-controlled banks in Vietnam, namely Vietcombank, Agribank, BIDV and VietinBank, have dropped to below 2% for some terms as the banking sector continues to cut interest rates.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks cut deposit interest rates to record lows amid lukewarm lending
Commercial banks in Vietnam are unanimously lowering their interest rates on short-term deposit to all-time lows as credit demand stays lackluster despite the year-end peak season nearing.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ
Fitch Ratings has upgraded the long-term foreign-currency issuer default rating (IDR) of six banks in Vietnam to ‘BB+,’ one to ‘BB,’ and one unchanged at ‘BB-,’ the rating agency announced Wednesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank auctions Vietnam’s first wind power project, bids starting at $49.6 mln
State-owned Agribank is auctioning the Phong Dien 1 wind power plant, Vietnam’s first such facility, with bids starting at VND1,205 billion ($49.6 million).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Positive outlook for Vietnamese banks, GDP growth over 6% in 2024: Fitch
Vietnamese banks are set to enjoy a favorable business environment over the next few years in tandem with a strengthening economy, a Fitch Ratings report says.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank actively implements 5 preferential credit programs
So far this year, state-owned Agribank has been actively implementing five preferential credit programs for businesses, per the Prime Minister's request to improve firms' access to credit to boost production and state budget revenue.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank acts towards a customer-focused digital transformation
State-owned Vietnam Bank for Agriculture and Rural Development (Agribank) has actively implemented many activities integrating digitalization and digital technology into all areas of banking operations with a customer-centric approach.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank's commitment to green credit development strategy
As a pivotal institution providing capital and financial services to the agriculture and rural sectors, Agribank is resolute in spearheading the realization of the government's directives on fostering green credit growth, managing environmental and social risks in credit operations, and striving to lay the groundwork for secure agriculture and sustainable development.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank retains status as pioneering brand with prestigious awards
Wholly state-owned Agribank has regularly claimed the top positions in major domestic and international brand rankings over the years thanks to its scale and effective operations.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam collects less corporate income tax in 2022 from top 1,000 firms
Corporate income tax (CIT) paid by the 1,000 biggest taxpayers in Vietnam in 2022 fell 14.9% from that in 2021, the General Department of Taxation has said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Commercial banks to continue loan rate cuts: central bank
Vietnamese banks have reduced loan interest rates by 1.5-2 percentage points from end-2022, exceeding the initially-expected decrease of 1.5 percentage points, and the trend is likely to continue.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank executive named chairman of Saigon Commercial Bank
Phan Dinh Dien, a board member of wholly state-owned Agribank, was appointed chairman of private lender Saigon Commercial Bank (SCB) to replace Vu Anh Duc under a decision issued by the State Bank of Vietnam (SBV) on Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks cut 12-month deposit rates to below 6%
The 12-month deposit interest rates at major banks in Vietnam, domestic and foreign, have fallen below 6% this month.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks cut six-month deposit rates to 7%
The six-month deposit interest rates at banks in Vietnam, barring some outliers, fell to a maximum of 7% starting Wednesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deposit interest rates below 8% at all Vietnam banks
Interest rates on 12-month deposits have fallen below 8% at all commercial banks in Vietnam following Prime Minister Pham Minh Chinh’s call for lower rates on loans.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six Vietnam commercial banks to raise their charter capital
Six Vietnamese commercial banks, namely ACB, SHB, LPBank, NCB, Vietcombank, and Agribank, are poised to increase their charter capital, aiming to augment their financial capacity and become more competitive.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank gets green light to raise charter capital by $729 mln
The National Assembly's Standing Committee has okayed a plan for wholly state-owned Agribank to increase its charter capital by VND17.1 trillion ($729 million).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Domestic banks reduce one-year deposit interest rates to below 9%
Vietnam's domestic banks have all reduced their deposit interest rates for one-year terms to below 9%, with state-controlled commercial banks Agribank, VietinBank, BIDV, and Vietcombank, also known as the “Big 4”, setting the lowest rates of 7.2%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank credit provides platform for agriculture to flourish
Agribank, one of the four largest state-owned banks in Vietnam, has made its mission over the past 35 years to support local agriculture, farmers and rural areas.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank to auction Tan Hoang Minh property to recover debt
Agribank's Trang An branch has announced the auction of a series of collateral assets of THM-Concrete Production and Trading JSC, a subsidiary of property developer Tan Hoang Minh Group, to recover debts.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Commercial banks reduce deposit interest rates by 0.2-0.5 percentage points
Commercial banks have agreed to reduce their deposit interest rates by 0.2-0.5 percentage points from Monday, the State Bank of Vietnam said in a statement.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six Vietnam banks post near $1 bln profit in 2022
Vietcombank and Techcombank earned a profit of over $1 billion in 2022, while the figure for BIDV, VietinBank, Agribank and VPBank was close to $1 billion.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
'Big 4' banks report nearly $1 bln profit in 2022
Three of the biggest Vietnamese lenders BIDV, VietinBank, and Agribank reported a profit of nearly $1 billion in 2022, while Vietcombank earned over $1 billion.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Banks to cut loan interest rates to improve liquidity
Sixteen banks in Vietnam have committed to reducing their loan interest rates by 0.5-3.5 percentage points to below 9.5% per annum to help improve the Vietnamese banking system's liquidity.
Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Three Vietnamese banks reduce loan interest rates to aid production
Agribank has become the third and latest bank in Vietnam to reduce its loan interest rates to aid production, after Vietcombank and HDBank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
State giant Agribank has new general director
Wholly state-owned Agribank has appointed deputy general director Pham Toan Vuong its council member and general director for a five-year tenure, starting from December 1.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Automaker Honda, food giant C.P. among top 10 taxpayers in Vietnam
Honda and C.P. are the only two foreign names in the list of 2021’s top 10 corporate income tax payers in Vietnam, according to the General Department of Taxation.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
'Big 4' banks increase deposit rate
Biggest Vietnamese lenders Vietcombank, VietinBank, and Agribank have hiked their deposit interest rates by over one percentage point, after the central bank raised the deposit rate ceiling last week.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
18 commercial banks allowed to lend more
Eighteen commercial banks that account for 80% of the Vietnamese banking system's credit have had their credit growth cap for this year lifted by the central bank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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