After a capital increase, Vietcombank's total charter capital will exceed VND55.89 trillion. With this capitalization, Vietcombank will surpass VietinBank and BIDV, becoming the second-largest bank in the banking system after VPBank.
After a capital increase, Vietcombank's total charter capital will exceed VND55.89 trillion. With this capitalization, Vietcombank will surpass VietinBank and BIDV, becoming the second-largest bank in the banking system after VPBank.
After the State Bank of Vietnam (SBV) reduced the benchmark interest rate by an additional 0.5 percent, effective from May 25, many commercial banks have started lowering their lending rates.
The volatile crisis across banks in the US continues unpredictably with the recently declared bankruptcy by the First Republic Bank. This marks the third bank to fail in the last few months.
The State Bank of Vietnam (SBV) is set to further reduce regulatory interest rates on May 25, the third cut in a row since mid-March, expected to give a boost to the stagnant real estate market.
By early May, commercial banks have started to reduce deposit interest rates. With this the average deposit interest rate that had peaked in January at 9 percent per year for a 6-month term decreased to around 7.5 percent per year.
The economy is facing external headwinds as weakening external demand continues to weigh on exports, translating into weakening industrial production, according to the May edition of the World Bank’s monthly Vietnam's economy published today.
The National Population Data Center (under the Public Security Ministry) yesterday introduced its payment ecosystem in the event of Banking Digital Transformation Day 2023.
Deputy Prime Minister Le Minh Khai stressed on the Banking Digital Transformation Day 2023 that this inevitable complicated process should be done with care, adapting from international experience and achievements to suit Vietnam’s context.
On May 11, the State Bank of Vietnam (SBV) and the People's Committee of Ho Chi Minh City jointly organized a conference to discuss monetary and credit solutions to support and promote the economy of the Southeast region.
The digital transformation day of the banking sector will be held on May 18, the State Bank of Vietnam (SBV) announced at a press conference in Hanoi on May 11.
Banks in Vietnam are now very keen to tie up with financially strong foreign partners to increase their capital, especially in the current situation where capital flow is limited to small deposits and people are holding on to their savings.
Amid the fluctuation of the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnam dong has been considered one of the most stable currencies in Asia, according to experts.
Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to US$95 billion by the end of the year as the State Bank of Vietnam rebuilds its stockpile.
Banks, including VietBank (VBB) and Việt Capital Bank (BVB), are expected to transfer from UpCOM exchange to the Ho Chi Minh City Stock Exchange (HoSE).
The Ministry of Transport proposed the People’s Committees of Quang Ngai and Kon Tum provinces add the Quang Ngai – Kon Tum expressway to the road system plan.
Australian Prime Minister Anthony Albanese and his entourage left Hanoi on June 4 evening, concluding a two-day official visit to Vietnam at the invitation of his Vietnamese counterpart Pham Minh Chinh.
Currently, administrations in provinces and the Ministry of Education and Training are removing obstacles to improve education quality for high-quality human resources in provinces in the central highlands region.