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Banks eye consumer finance

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach VNĐ1,000 trillion (US$4.38 billion) by 2020 and grow at 29 per cent annually.

 

Unregistered POS payments cause tax losses

Using unregistered point-of-sale (POS) machines to transfer payment may result in tax losses for the local authorities, according to specialists.

   

VN Central Bank tells banks to stop ATM fee hikes

VN Central Bank tells banks to stop ATM fee hikes, 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

The State Bank of Vietnam (SBV), or the central bank, has told commercial banks to stop hiking ATM cash withdrawal fees as multiple banks have been rushing to revise up ATM card and Internet [ … ]

   

Clients fret over ATM and Internet banking fee hike

Clients fret over ATM and Internet banking fee hike, 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

Customers of two local banks, Eximbank and Agribank, have said they are shocked to learn of higher transaction fees for ATM and Internet banking services, Nguoi Lao Dong newspaper reports.

[ … ]
   

Vietnam's Jan-April credit expands 5%

Vietnam's Jan-April credit expands 5%, 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 grew 5% in the first four months of the year, Pham Thanh Ha, director general of the Monetary Policy Department of the State Bank of Vietnam, told a banking forum in Hanoi on May 8.

[ … ]
   

Banks warn customers about fake websites

Major banks are warning people not to be fooled by fake websites designed to steal account holders’ cash.

   

Credit institutions undergo drastic restructuring

The banking industry is drastically restructuring credit institutions (CIs) in combination with bad debt settlement to ensure their safe, healthy and sustained growth.

   

Transaction value via ATM/POS surges 34%

The total value of transactions via the automatic teller machines (ATMs) and points of sale (POS) last year surged sharply by 34 per cent against the previous year.

   

Tight credit cools City real estate

With banks tightening credit to the property sector the HCM City market is cooling off, traders said.

   

VN’s foreign reserves reach record high of US$63b

State Bank of Việt Nam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of US$63 billion.

   

Vietnamese economists concerned over bond issuance plan

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, dong-linked bonds, IFC, SBV

Issuing international bonds means borrowing foreign capital at high interest rates. If capital cannot be used effectively, this will increase the public debt burden.

   

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