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Banks post strong performances in first 9 months

Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.

 

Are bank shares still attractive to investors?

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Commercial banks will find it hard to maintain a high profit growth rate in 2019 as credit  and retail banking services will still be the major driving force for bank growth. 

   

‘The big five’ in Vietnam’s banking system

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The big five are state -owned banks Agribank, BIDV, VietinBank and Vietcombank, and Saigon Commercial Bank (SCB), a joint stock bank with the fifth largest total assets in the system. 

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Banks cut fees to improve business climate

Banks have cut service fees in response to the Government’s push to improve the business environment, deputy governor of the State Bank of Việt Nam (SBV) Đào Minh Tú said on Thursday.

   

Banks look for ways to raise capital

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The state-owned Vietcombank has received approval from the State Bank of Vietnam’s  to raise capital, while BIDV is stepping up implementation of a plan to issue shares to specific shar [ … ]

   

Foreign banks enlarge networks, restructure operations in Vietnam

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 The sale of business divisions can be seen as a move by foreign banks to restructure their operations and focus on core business fields to improve business efficiency. 

   

Lending interest rates on the rise at VN banks

Interest rates for Vietnamese đồng loans have increased in the past two months after holding steady in the first half of the year.

   

SBV adds $1.75 billion to the market in October

The State Bank of Việt Nam (SBV) injected more than VNĐ41 trillion (US$1.75 billion) into the monetary market in the first half of October to boost the liquidity of [ … ]

   

Credit growth must be controlled

Authorities need to closely control the rapid increase in Việt Nam’s credit-to-GDP gap so as not to cause high inflation as in the past, experts have warned.

   

Bank system’s credit growth target unlikely to be reached

According to the General Statistics Office, as of September 20 the banking sector’s credit growth was 9.52 per cent, much lower than the 11.02 per cent rate recorded a year earlier.

   

New g-bond futures contract needs trading mechanism

The coming derivative product for government bonds (known as g-bonds) is expected to help financial institutions hedge risks, but experts have raised concerns about the trading mechanism.

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