News
Banks still perform well amid pandemic-caused difficulties
Banks’ pre-tax profits this year will remain relatively positive but are yet to be sustainable as banks haven’t set up contingency reserves for restructured debts.
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Vietnam Banks Association urges Visa, Mastercard to reduce fees
The Vietnam Banks Association (VNBA) has urged international card organisations Visa and Mastercard to reduce several types of fees on Vietnamese banks as the fourth wave of COVI-19 pandemic in Vietnam has seriously affected the lives and production of people and businesses.
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Airline industry at breaking point as virus strikes again
Vietnam’s airline industry is facing its worst crisis yet amid the COVID-19 pandemic, an online conference on financial solutions to keep the industry afloat heard on August 2.
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SBV to consider revising credit growth targets for banks
From now until the end of the year, the State Bank of Vietnam will review and consider revising credit growth targets for credit institutions and priority is expected to be given to those that reduce loan interest rates.
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SBV demands interest rate reduction this month
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.
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Int’l card organisations continually urged to cut fees
The Vietnam Banks Association is urging international credit and debit card companies to reduce a number of fees, as the country continues to battle the COVID-19 pandemic.
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Cashless payments flourish in first nine months of 2021
Cashless payments continued to grow fast in the first nine months of 2021 to top 36.28 quadrillion VND (1.6 billion USD), according to a recent report by the Government.
