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Vietnam banks’ charter capital increases 63% in 7 years to US$24.72 billion

Vietnam banks’ charter capital increases 63% in 7 years to US$24.72 billion

The combined charter capital of Vietnam’s banking sector reached US$24.72 billion as of the end of March, up 0.45% against end-2018 and up 63.5% against end-2011, according to the State Bank of Vietnam.

 

VN banks handle $898.4 b through e-payments in Q1

Viet Nam's interbank e-payment system handled 37 million transactions worth nearly VNĐ21 quadrillion (US$898.4 billion) in the first quarter of the year, up 23 per cent and 17.8 per cent res [ … ]

   

How will VND/USD exchange rate perform in US-China trade war?

How will VND/USD exchange rate perform in US-China trade war?

The dong/dollar exchange rate has fluctuated sharply in recent days after the US decided to impose tariff of 25 percent on $200 billion worth of imports from China.

   

VN Central Bank ready to intervene in forex market

VN Central Bank ready to intervene in forex market

The State Bank of Vietnam is ready to sell foreign currency to stabilize the forex market in the wake of the sharp strengthening of the greenback against the Vietnamese dong recently.

   

Vietnam’s non-cash payment market booms in Q1

Vietnam’s non-cash payment market booms in Q1

Online and mobile payments have kept booming, with year-on-year growth in the first quarter of 2019 reaching 70% and 97.7%, respectively.

   

Irrecoverable debts make up more than half of bad debts

Irrecoverable debts make up more than half of bad debts

Irrecoverable debts kept increasing in 2019’s first three months and currently account for more than 50 per cent of the 22 banks’ bad debts.

   

Moderate credit growth positive for Việt Nam’s economy

Despite credit growth among Vietnamese credit institutions remaining low this year, experts are not concerned about the slowdown, saying it was a good sign for the economy.

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High profits lead to stiff competition in credit card market

Both domestic and foreign banks are offering preferential programmes to lure more credit card holders to compete for a larger market and a piece of the high profits generated by the cre [ … ]

   

Banks to issue chip cards in place of 21 million magnetic strip cards

Seven banks will start issuing ATM chip cards that meet EMV standards to replace magnetic strip cards in collaboration with the National Payment Corporation of Việt Nam starting from May 28. [ … ]

   

Vietnamese banks face challenges in digital banking transformation

Challenges related to network security, customer trust and an inadequate legal framework are road blocks to the digital transformation of Vietnamese banks, experts told a conference in HCM C [ … ]

   

Vietnamese đồng expected to hover around VNĐ23,200 per dollar in Q2

The Vietnamese đồng will fluctuate around VNĐ23,200 in the next few months thanks to a positive supply source in the local market, according to the National Centre for Socio-Econom [ … ]

   

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