Sharing the same view, Vo Tri Thanh, former deputy director of CIEM, said he cannot say for sure if Vietnam’s banks will successfully enter the stock markets overseas, but if banks can fulfill the tasks of settling bad debts and applying Basel II standards, they won’t be refused. … [Read more...] about Commercial banks urged to list shares on foreign bourses
Top commercial bank in vietnam
Banks warn customers about fraud during Tết
Vietcombank stressed that it never asks its customers to provide personal information, except when customers ask for the bank’s support and the information is needed to verify the customer’s identity. Also, the bank does not ask customers to provide passwords to bank accounts or one-time passwords for online transactions or to transfer money. Therefore, all such requests are from criminals. … [Read more...] about Banks warn customers about fraud during Tết
BIDV in top four largest firms by market value
BIDV head office building in Ha Noi. The bank has claimed fourth position in the top 10 largest firms by market value on the Ho Chi Minh Stock Exchange. — Photo vietnamfinance.vn … [Read more...] about BIDV in top four largest firms by market value
Banks race to lower interest rates – “Headwind” amid credit season
Massive interest rate reductionshort-term VND loans for agriculture, rural development, export, supporting industry, small- and medium-sized enterprises (SMEs) and businesses applying high technologies will be reduced from 6.5 percent per annum to 6 percent per annum. … [Read more...] about Banks race to lower interest rates – “Headwind” amid credit season
Cutting central bank’s interest rate to stabilise lending rates
Also according to SSI's analysis, overnight inter-bank interest rate usually ranges from treasury bill to OMO rates under normal conditions. This is understandable because if interest rates from other commercial banks are too high, banks in need of capital will look to the OMO channel of the SBV. On the contrary, if the interbank lending interest rate drops too low, the commercial banks with surplus capital will turn to buying the SBV’s treasury bills. Because treasury bill interest rates and OMO are the tools for the SBV’s policy management, the volatility will not be as large as the market-based interbank interest rates. … [Read more...] about Cutting central bank’s interest rate to stabilise lending rates
