Most view

Banks lower lending interest rates

Banks lower lending interest rates

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.
Decoding the "Enigma" of Banks

Decoding the "Enigma" of Banks

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.
Banks start to reduce deposit interest rate

Banks start to reduce deposit interest rate

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.
WB reports: Vietnam’s economy facing external headwinds

WB reports: Vietnam’s economy facing external headwinds

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.
Deputy Prime Minister Le Minh Khai

Banking digital transformation must eliminate waste

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.
Illustrative photo

Banks in Vietnam seek foreign strategic investors

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.
Vietnam dong one of most stable currencies in Asia: Experts

Vietnam dong one of most stable currencies in Asia: Experts

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.
Many banks planning move to HoSE

Many banks planning move to HoSE

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).