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Techcombank to launch new non-life insurance company
Techcom Non-Life Insurance Joint Stock Company (TCGIns) has received approval from the Ministry of Finance and is scheduled to begin operations in early November.
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Individual customers' bank savings hit record high
Individual customers' banking deposits hit a record high of more than VNĐ6.83 quadrillion as of the end of July 2024, newly released data from the State Bank of Vietnam (SBV) shows.
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Central bank confident about credit growth this year
The State Bank of Việt Nam is confident about reaching this year's credit growth target, as lending is expected to accelerate in the remaining months of the year on the recovery of production and business, Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú has said.
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Banks not allowed to offer promotions to depositors
Credit institutions are prohibited from offering promotional incentives in cash, interest, or other forms to attract depositors, according to new circulars on deposit interest rates for VND and USD.
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Banks conducting massive bond issuances
Besides attracting deposits to meet the heightened credit demand at the end of the year, banks are racing to issue bonds to replenish capital sources.
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Debt recovery methods to be cleaned up
Commercial banks in Vietnam are grappling with rising loans and regulatory gaps, especially concerning debt recovery and managing real estate collateral, and highlighting the urgent need for clearer guidance on land use and leasing.
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Several banks suspend interest payments for typhoon-affected borrowers
Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.
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Vikki Digital Bank claims innovation title at Better Choice Awards
At the Vietnam Innovation Challenge 2024 on October 2, Vikki Digital Bank made its Hanoi debut and proudly received an award for its innovation in the finance and banking sector as part of the Better Choice Awards.
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An open banking system is essential for a smart city
Building a smart city with a smart payment system playing a key role has helped Hà Nội gradually transform and make breakthroughs in the process of development, said Hà Minh Hải, vice chairman of the municipal People's Committee.
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27th Euro Finance Week
The 27th Euro Finance Week is one of the largest and most prestigious financial events in Europe, taking place annually in November in Frankfurt, Germany.
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VNBA talks with the Attaché of the Consulate General of Canada
On October 2, 2024, the Vietnam Banks Association (VNBA) had a meeting with the Commercial Attaché of the Consulate General of Canada.
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Unlocking digitalisation potential in banking sector
While 5G commercialisation is expected to open more opportunities for the banking sector, various issues remain. Dr. Nguyen Quoc Hung, Vice chairman of the Vietnam Banks Association, spoke with VIR’s Minh Anh about the current driving forces.
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Vietnam Banks Association and Vietnam Advisors talked about the Euro Finance Week 2024
On the morning of September 30, 2024, the Vietnam Banks Association (VNBA) had a meeting with Vietnam Advisors to update and exchange information about the Vietnam Dialogue event within the Euro Finance Week in Frankfurt (Germany) organized by Vietnam Advisors. The program is part of the 27th European Finance Week event taking place on November 18 and 19, 2024.
