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SBV working on framework for P2P lending

The State Bank of Việt Nam is carefully studying international models of peer-to-peer lending (P2P) to develop a legal framework to effectively manage the country’s nascent fintech business, according to SBV deputy [ … ]

 

Central bank net withdraws over $581m amid improved liquidity

Liquidity in the banking system has improved in the past week, pushing the State Bank of Việt Nam to make a net withdrawal of over VNĐ13.6 trillion (US$581.2 million).

   

Central bank takes no responsibility for 'black' lending: SBV officiall

Some online lenders that offer very high interest rates are in fact a form of ‘black’ credit and the State Bank of Việt Nam (SBV) is not responsible for management over such activities, SBV [ … ]

   

Credit card race heating up with more competitors

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, credit card, SBV, Vietcombank

Small banks and finance companies are now rushing to issue credit cards and compete with big banks as they believe the development potential of the credit card market remains great. 

[ … ]
   

Foreign banks restructure operations in Vietnam

Foreign banks restructure operations in Vietnam, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Foreign banks` restructuring process is aimed at refocusing resources on their remaining business activities and increase efficiency in Vietnam`s market. 

   

Vietnam’s credit card market heats up with big players

Vietnam’s credit card market heats up with big players, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Competition in the country’s credit card market has become stiffer as more big players join large domestic banks and finance companies in the race to gain shares in the potential market.&nbs [ … ]

   

Vietnam's large banks to end cross-ownership soon

Vietnam's large banks to end cross-ownership soon, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Favorable stock market and positive economic growth have helped large banks to step up divestment from other peers to meet the central bank’s regulation on holding shares at other credit ins [ … ]

   

Fed rate hike won’t have much impact on Việt Nam

The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Việt Nam’s economy significantly as the move was foreseeable, according to experts.

   

Cashless payment needs a boost in rural areas

Việt Nam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system; however, non-cash payment has seen development stall as the country [ … ]

   

Vietnam’s banks prepare to go abroad

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Vietcombank, SBV, outward investment

Vietnam’s leading banks Vietcombank, BIDV and VietinBank will have to list shares on overseas bourses under a plan for the next eight years. 

   

Experts: Fed rate hike won’t have much impact on Vietnam

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Vietcombank, SBV, outward investment

 Vietnam’s leading banks Vietcombank, BIDV and VietinBank will have to list shares on overseas bourses under a plan for the next eight years. 

   

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