USD rate passes VND25,000 milestone at top Vietnam lender Vietcombank
Vietcombank, the largest Vietnamese lender by market capitalization and foreign exchange transactions, increased its USD buying and selling rates to VND24,790 and VND25,130 Wednesday afternoon.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nam A Bank becomes 18th lender listed on Vietnam’s main bourse
Nam A Commercial Joint Stock Bank (Nam A Bank) on Friday debuted 1.06 billion shares on the Ho Chi Minh Stock Exchange (HoSE), becoming the 18th bank to be traded on Vietnam’s main bourse.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
USD prices go up in Vietnam open market, bucking trend at banks
Gold shops in Vietnam’s major cities raised greenback prices by VND60 in both directions from Tuesday to VND25,030-25,130 for respective bids and asks on Wednesday, breaching the VND25,000 psychological threshold.
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
VietinBank inks green cooperation pacts with Japanese financial institutions
VietinBank, a state-controlled Vietnamese lender, has struck cooperation agreements with Mitsubishi UFJ Financial Group (MUFG) for sustainable growth and the Japan Bank for International Cooperation (JBIC) for decarbonization and energy transition.
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
Japan financial group MUFG to help VietinBank arrange $1 bln for sustainability initiatives
Mitsubishi UFJ Financial Group (MUFG), among the biggest banking institutions in Japan, will help state-run VietinBank arrange $1 billion in capital for sustainable growth and environmental, social, and corporate governance (ESG) initiatives in Vietnam.
Banking - 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
Vietnam central bank reduces exchange rate to three-month low
The State Bank of Vietnam (SBV) decreased the central exchange rate to VND23,954 per U.S. dollar Monday and further to VND23,915 Tuesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two of Vietnam’s ‘Big 4’ banks report double-digit profit growth
BIDV and VietinBank, both state-controlled banks in Vietnam, recorded respective pre-tax profit growth of 12% and 10% year-on-year in the first nine months of this year.
Banking - 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
Exchange rate inches up at Vietnam central bank, falls at commercial banks
The State Bank of Vietnam (SBV) raised the central exchange rate from VND24,088 to VND24,089 per U.S. dollar on Friday, another record high, but the rates at commercial banks moved in the opposite direction.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks raise greenback prices to year-long high
Commercial banks in Vietnam increased their dollar prices to the highest level so far this year, but this was still lower than last year’s highs.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central exchange rate hits all-time high of VND24,036
The State Bank of Vietnam (SBV) increased the central exchange rate to VND24,036 per U.S. dollar on Friday, another record high.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central exchange rate tops VND24,000, an all-time high
The State Bank of Vietnam (SBV) increased the central exchange rate to VND24,005 per U.S. dollar on Monday, a record high.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
USD price hits another year-peak in Vietnam
The State Bank of Vietnam (SBV) increased the central exchange rate to VND23,963 per U.S. dollar on Tuesday, pushing the rate to a new record high in the year to date.
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
Greenback cools with new central bank reference rate
The State Bank of Vietnam (SBV) cut the central exchange rate to VND23,946 per U.S. dollar Friday, soon after the dollar rose to VND23,951, the highest so far this year.
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
Vietnam central bank raises USD price to year-high VND23,881
The State Bank of Vietnam (SBV) increased the central exchange rate to VND23,881 per U.S. dollar on Tuesday, pushing the rate to its highest level so far this year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
VietinBank extends $120 mln credit line to Long Son Petrochemicals
VietinBank, one of Vietnam’s “Big 4” banks, and Long Son Petrochemicals (LSP), invested by Thailand's The Siam Cement Group (SCG), signed a $120 million credit agreement on Monday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank raises USD price to VND23,825, close to year-high
The State Bank of Vietnam (SBV) increased the central exchange rate to VND23,825 per U.S. dollar on Friday, bringing the rate close to the highest level this year at VND23,833 on July 7-8.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietcombank leads profitability among state-controlled banks
Three of Vietnam's biggest lenders Vietcombank, Vietinbank and BIDV reported the same net interest income in the second quarter this year, but very different profits.
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
Two banks buck trend with deposit interest rates of 8% plus
GPBank and Saigonbank are the only banks in Vietnam offering annual interest rates of 8% or more for term deposits, bucking the sector’s trend of cutting interest rates.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank okays Vietcombank hiking charter capital to $2.4 bln
Vietnam's central bank has allowed the state-controlled Vietcombank to raise its charter capital from VND47.33 trillion to VND55.89 trillion ($2.38 billion).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
VietinBank plans to offload $249 mln debt in shipbuilding firm Nosco Shipyard
VietinBank's Dong Da branch in Hanoi plans to auction a debt of VND5.85 trillion ($249.3 million) in Vietnamese shipbuilding company Nosco Shipyard JSC on June 7, 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's central bank cuts US dollar rate to VND23,622
The State Bank of Vietnam reduced the central exchange rate to VND23,622 per U.S. dollar on Friday, from VND23,635 on Thursday and VND23,639 on Wednesday, after the U.S. Fed raised its benchmark overnight interest rate by a quarter of a percentage point to 5-5.25%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietcombank tops profitability among state-controlled banks
Three of the biggest Vietnamese lenders Vietcombank, Vietinbank and BIDV reported the same operating income in the first quarter this year, but very different profits.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
VietinBank looks to 15% profit growth in 2023
VietinBank, one of the “Big 4” banks in Vietnam, targets profit growth of 10-15% year-on-year in 2023, said its chairman Tran Binh Minh.
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
State Bank of Vietnam lowers central rate to VND24,600 per dollar
The State Bank of Vietnam brought the central exchange rate down to VND24,600 per U.S dollar on Monday, from VND24,603 last Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Manulife records core earnings of $309 mln from Vietnam operation in 2022
Canada-headquartered life insurer Manulife recorded a core earning of $309 million from Vietnam operation in 2022, up 6.55% year-on-year, according to the parent firm’s latest report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
US dollar drops to one-month low
The buying-selling prices of the U.S. dollar in Vietnam fell to a one-month low on Tuesday, amid the U.S. Federal Reserve’s intention to conduct tighter monetary policy and the collapse of Silicon Valley Bank and Signature Bank in the U.S.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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