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Moody's raises outlook of Vietnamese banks to 'positive'
Business

Moody's raises outlook of Vietnamese banks to 'positive'

NDO - Moody's Investors Service lifted its outlook for Vietnam's banking system from 'stable' to 'positive' for the next 12-18 months, on October 31, according to the recently-released report on

Operators of local tours likely forced to place higher deposits at banks
Travel

Operators of local tours likely forced to place higher deposits at banks

Travel companies may be required to deposit VND850 million at commercial banks if they organize local, inbound and outbound tours, according to a draft Government decree which guides the execution of

Four banks sign deal to finance Vinh Tan 4 thermoelectric plant
Business

Four banks sign deal to finance Vinh Tan 4 thermoelectric plant

NDO/VNA – Four commercial banks signed a deal in Hanoi, on September 21, in which they agreed to provide VND5,400 billion (US$23.75 million) in credit for the expanded Vinh Tan 4 thermoelectric

Banks provide funding for Phong Dien solar power plant construction
Business

Banks provide funding for Phong Dien solar power plant construction

NDO – The Vietnam Bank for Agriculture and Rural Development (Agribank) and the Vietnam Development Bank (VDB) have signed a co-financing agreement to provide preferential loans for the construction

13 Vietnamese banks named in world’s top 1,000
Business

13 Vietnamese banks named in world’s top 1,000

En nexpress - Chinese and American banks continued to dominate this year's list compiled by The Banker.

Vietnam finally considers allowing foreigners to put cash in banks
Business

Vietnam finally considers allowing foreigners to put cash in banks

En nexpress - The idea is aimed at preventing speculation and keeping money in the country.

Banks regain their heyday with higher profits, higher standards
Business

Banks regain their heyday with higher profits, higher standards

Vietnamnet - Many commercial banks, which have reported profits for Q1 2017, have begun following higher standards in debt classification and provisioning against risks, while Moody’s has upgraded

Banks increase service fees
Business

Banks increase service fees

Vietnamnet - A number of banks have recently raised their service charges, particularly for online transactions.

Non-performing loans at banks vary
Business

Non-performing loans at banks vary

Vietnamnet - The ratio of non-performing loans (NPLs) at banks in the first quarter of this year is was varied, according to a daily report by Bao Viet Securities Corp (BVSC).

More banks to repurchase bad debts from VAMC
Business

More banks to repurchase bad debts from VAMC

Vietnamnet - After a period of actively selling non-performing loans to the Viet Nam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to self-handle.

Commercial banks finalising senior personnel line-up
Business

Commercial banks finalising senior personnel line-up

Vietnamnet - After holding their general shareholders’ meetings in 2017, many commercial banks have publicised their senior personnel for the new term.

Private banks increase charter capital, state-owned banks undecided
Business

Private banks increase charter capital, state-owned banks undecided

Vietnamnet - A number of banks have announced they will raise charter capital in 2017 after receiving approval from shareholders. But all of them are private, not state, banks.

Moody's: Capital shortfall remains key credit burden for VN banks
Business

Moody's: Capital shortfall remains key credit burden for VN banks

Vietnamnet - Moody’s Investors Service has said that Vietnamese banks will face capital shortfalls over the next 12-18 months and that such a situation continues to represent a key credit burden

VN banks seek increased charter capital
Business

VN banks seek increased charter capital

Vietnamnet - It is the bank shareholders meeting season, and topping the agenda, besides the dividend payout ratio, is increasing their regulatory capital.

Sacombank’s restructuring - a key test of SBV's plans for addressing poorly-performing banks
Business

Sacombank’s restructuring - a key test of SBV's plans for addressing poorly-performing banks

Vietnamnet - Sacombank’s restructuring is a key test of the central bank’s plans for addressing poorly-performing banks.

Central bank reaps dividends of $270mn from three banks
Business

Central bank reaps dividends of $270mn from three banks

Vietnamnet - The State Bank of Vietnam (SBV) has received significant dividend payments for 2016 from BIDV, Vietcombank, and VietinBank, totaling VND6.17 trillion ($271.375 million).

Moody's affirms ratings of eight banks, upgrades VP Bank's ratings
Business

Moody's affirms ratings of eight banks, upgrades VP Bank's ratings

Vietnamnet - In its latest assessment released on May 3, Moody’s Investor Service has affirmed the long-term and short-term deposit and, where applicable, issuer and senior debt ratings of eight

VN banks report high profits in first quarter
Business

VN banks report high profits in first quarter

Vietnamnet - Many commercial banks posted positive business performance for the first quarter of the year with high profits.

Banks pay shares instead of dividends, raising controversy
Business

Banks pay shares instead of dividends, raising controversy

Vietnamnet - Many banks have said they will pay dividends in shares instead of cash, causing concern among investors.

Korean banks expand in Vietnam
Business

Korean banks expand in Vietnam

Vietnamnet - Following Shinhan Vietnam’s successful acquisition of ANZ Vietnam’s retail business, fellow Korean banks have also expanded their sizes and market share in Vietnam, seizing the lead in

Small banks working to bolster capital sources
Business

Small banks working to bolster capital sources

Vietnamnet - Most banks of small and medium size are mulling over scaling up capital sources to boost their financial strength.

Banks’ listing enthusiasm simmers down
Business

Banks’ listing enthusiasm simmers down

Vietnamnet - Banks are hesitant to go public over the persistent challenging business environment.

How should weak banks be restructured?
Business

How should weak banks be restructured?

Vietnamnet - While the State Bank (SBV) has legalized the use of state money to support the restructuring of weak banks, it has not specified where the government will get the money to pump into the

VN Central Bank to stop acquiring weak banks at VND0
Business

VN Central Bank to stop acquiring weak banks at VND0

Vietnamnet - The State Bank of Viet Nam (SBV) will stop the acquisition of poor-performing commercial banks at zero dong as it did previously.

VN banks aim for high profit in 2017
Business

VN banks aim for high profit in 2017

Vietnamnet - Starting the annual general meeting (AGM) season, several banks have revealed ambitious plans for 2017.