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How much does it cost to convert magnetic into chip cards?

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With 80 million magnetic cards in circulation, commercial banks would have to spend trillions of dong to convert them into chip cards to ensure security.

 

Credit growth in 2018 at four-year low

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Credit in 2018 is seen expanding less than 16%, the lowest in four years, VnEconomy news site reported, citing State Bank of Vietnam Governor Le Minh Hung.

   

Banks sprinting to implement capital increase plans

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Commercial banks only have one month to implement business plans set earlier this year and raise charter capital to meet international standards.

   

Banking credit growth expected to cool in 2019

Analysts believe banking credit growth will ease off next year, but since lending activities will mainly be focused on the economy, growth will not be affected.

   

Microfinance crucial for financial inclusion: SBV

The State Bank of Việt Nam (SBV) will continue fine-tuning policies on microfinance to achieve the nation’s financial inclusion target, SBV Deputy Governor Đào Minh Tú said at a forum o [ … ]

   

Banks rush to make outward investments as Vietnam signs more FTAs

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More Vietnam’s commercial banks are entering regional markets. In the first 11 months of the year, Vietnamese enterprises registered $357.5 million worth of outward investment. Of this, $105 [ … ]

   

VNĐ7.23 trillion collected from G-bond auction

The State Treasury of Việt Nam raised VNĐ7.23 trillion (US$310.9 million) from government bonds (G-bonds) in an auction on Wednesday on the Hà Nội Stock Exchange (HNX).

   

Vietcombank no longer a major shareholder at other credit institutions

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has officially completed a plan to reduce its holding ratio at other credit institutions to below 5 per cent as req [ … ]

   

More banks permitted to expand credit growth

The State Bank of Việt Nam (SBV) recently decided to allow more commercial banks to expand their credit growth limits in 2018.

   

Central bank props up banking sector liquidity

The State Bank of Việt Nam (SBV) withdrew a total VNĐ18.87 trillion (nearly US$829 million) from the market in the week of November 26-31.

   

Vietnam’s banks nearing Basel II standards

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While banks in other countries are following standards of Basel III, Vietnam has only two banks expected to be recognized as meeting Basel II standards in the time to come.

   

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