The inflow of capital into bond funds is noteworthy, driven by investment returns outpacing bank savings rates.
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Banking industry to focus on bad debt handling targets in 2025 03/01
The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.
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Legal framework for Mobile Money awaited 02/01
An official legal framework for Mobile Money is expected to be issued early to promote cashless payment in rural and remote areas when the official pilot implementation ends on Tuesday.
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Forecast upbeat for banking industry in 2025 27/12
In a recent report, ACB Securities Companies analysts said that the net interest margin (NIM) of banks in 2025 will increase by five basis points over 2024.
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Insurance companies have moderate capital increases 27/12
The exploitation of new insurance premium revenue in Việt Nam has decreased sharply over the past few years, which has caused the parent companies to not prioritise investing in their Vietnamese insurance subsidiaries as in the past.
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F88 partners with MB to transform over 850 financial stores into bank transaction offices 17/12
Due to growing demand, MB and F88 have formalised a partnership to enhance financial access across Việt Nam.
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Five banks qualify for year-end credit expansion 16/12
Five banks, including Vietinbank, ACB, VIB, Techcombank and MSB, have qualified for the credit room expansion in the last time of this year
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Lending interest rates this year reduced by 0.44 pp compared to 2023 16/12
According to SBV’s Governor Nguyen Thi Hong, credit growth has created strong momentum for the economy to recover and develop as it continues to face challenges.
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Many banks increase deposit interest rates in the year-end period 16/12
In early December, savings interest rates diverged, with some banks raising rates to attract capital, while others lowered them to cut costs, a trend experts predict will intensify.
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VN to regulate digital assets with digital law 13/12
"When digital assets are officially defined and regulated, it will contribute to protecting user rights, minimising risks, promoting the digital economy, attracting investment and enhancing innovation," said the Vice Chairman of the Việt Nam Blockchain Association (VBA).
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Banks face difficulties in balancing capital raising and lending 13/12
Banks use charter capital to cover shortages as lending exceeds capital raising, but experts warn this gap risks higher interest rates and banking system instability.
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Dialogue on tax and customs policies to ease business operations 10/12
The Ministry of Finance and the Việt Nam Chamber of Commerce and Industry on Tuesday held a dialogue on tax and customs policies with more than 500 companies, aiming to remove difficulties and create favourable conditions for business operations.
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Bank capital contribution needs investigation to prevent cross-ownership 10/12
Experts emphasised the need to investigate investments and capital contributions linked to banking sector big bosses to curb cross-ownership and manipulation.
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More tax law reforms needed to address e-commerce challenges 09/12
E-commerce growth has boosted Vietam's economy but created tax challenges, prompting revisions to the Tax Administration and VAT Laws for better compliance.
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PM direction to promote credit management solutions 05/12
The PM ordered the central bank to enhance inspection, examination, control and close supervision of credit granting and interest rate announcements and to promptly and strictly handle violations, according to regulations.
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