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NAPAS to improve cashless payment system in Việt Nam

The National Payment Corporation of Việt Nam (NAPAS) signed a memorandum of understanding (MoU) on market development co-operation with KEB Hana Card Co., Ltd and Alliex Vietnam JSC.

 

Cross-ownership wipe-out in financial institutions to finish soon

Cross-ownership wipe-out in financial institutions to finish 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

Over the past three years, divestment activities stoked up the cross-ownership "wipe-out" among Vietnam-based financial institutions in order to strengthen ownership transparency.

   

Banks seek expats for leading roles

Banks seek expats for leading roles, 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

Vietnam’s finance and banking sector has attracted quite a number of foreigners to leading roles over the years. This trend is expected to continue, as foreign expertise and experience are i [ … ]

   

Vietnamese banks thrive following foreign partners’ divestment

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, ANZ, HSBC, techcombank

Concerns were once raised when a number of foreign partners decided to divest from Vietnamese banks, but banks’ financial reports show satisfactory business performances.

   

Bank profits expected to rise significantly in Q1

The profits of many banks in the first quarter of this year are estimated to rise higher than that of the same period last year thanks to significant credit growth.

   

Four banks to organise AGM this week

LienVietPostBank, SCB, MB and VIB are due to organise the annual general meeting (AGM) of shareholders this week.

   

Stable foreign exchange rate expected in 2018

Some commercial banks appreciated the US dollar after last week’s interest rate hike by the US Federal Reserve (Fed). Experts, however, have said the exchange rate between the US dollar and [ … ]

   

Đồng, dollar exchange rate to hit VNĐ22,900: HSBC forecasts

The exchange rate between the đồng and the US dollar will be stable and end at VNĐ22,900 per US dollar by the end of 2018, predicts Ngô ĐăngKhoa, head of Global Markets, HSBC Bank Việt [ … ]

   

Việt Nam National FinTech Day in May

The State Bank of Việt Nam (SBV) will organise the National FinTech Day in May.

   

Commercial banks still ailing from bad debts curse

Commercial banks still ailing from bad debts curse, 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

Despite significant efforts to resolve bad debts over the course of 2017, commercial banks will likely carry a total VND60 trillion ($2.64 billion) of bad debts into 2018. 

   

VPBank to lift charter capital

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) plans to increase its current charter capital from VNĐ15.7 trillion (US$690 million) to VNĐ27.8 trillion in 2018, the bank announced [ … ]

   

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