Advertisements Vietnamese shares slid on Thursday morning as investors began to take some profits from the market’s advance last week. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged down 0.20 per cent to close at 977.65 points. VNA reports. The VN-Index rose nearly 1.4 per cent last week. Nearly 85 million sharesContinue reading “Vietnam’s stocks slip on selling pressure”
Category Archives: Finance
Shinhan Bank launches smart consumer loans on Zalo app
Advertisements Zalo users able to conveniently apply for consumer loans from Shinhan Bank. Shinhan Bank Vietnam has officially launched a smart consumer loan on the Zalo app. Zalo users can now easily apply for consumer loans from Shinhan Bank at an interest rate between 1.33 per cent and 2.4 per cent per month, if theyContinue reading “Shinhan Bank launches smart consumer loans on Zalo app”
Tax incentives can speed up cashless payment in Vietnam
Advertisements Vietnamese banks are proposing tax incentives for businesses adopting e-payments as a way to boost cashless payments. Dao Minh Tuan, deputy CEO of Vietcombank, presented this suggestion at the Vietnam Private Sector Economic Forum 2019 Thursday. He said that most businesses were reluctant to purchase point-of-sales (POS) devices or establish e-payment services with theContinue reading “Tax incentives can speed up cashless payment in Vietnam”
Vietnam’s stocks may go sideways in post-holiday trading
Advertisements Vietnamese shares may gain slightly in the post-holiday period as listed firms are giving a few strong clues that could boost the market’s short-term prospects. The VN-Index on the Hồ Chí Minh Stock Exchange gained 0.57 per cent last Friday to end the last trading week at 979.64 points. The VN-Index rose nearly 1.4Continue reading “Vietnam’s stocks may go sideways in post-holiday trading”
Citi has forged a partnership with Vietnamese FinTech – Payoo
Advertisements Citi Treasury and Trade Solutions has entered a partnership with Vietnam’s intermediary payment service provider Payoo to facilitate last-mile consumer-to-business collections for corporate clients in the country. Under the partnership, Citi’s corporate clients in Vietnam will be able to receive real-time payments from their customers for services including utilities, telecommunications and credit card billsContinue reading “Citi has forged a partnership with Vietnamese FinTech – Payoo”
Savills: Da Nang hospitality property slowing down
Advertisements Central tourist destination seeing slower growth in condotels due to legal factors, according to latest Savills report. A total of 14 projects have supplied condotel stock in Da Nang to date, according to Savills’ Da Nang real estate market 2H 2018 report. No new projects or next phases were recorded last year. “Contrary toContinue reading “Savills: Da Nang hospitality property slowing down”
Fintech and its impact on the mortgage market
Advertisements Applying for a mortgage has always followed the same pattern historically. The first route is a consumer going to a mortgage broker who looks at their financial situation and then compares best products from lenders and said broker then takes a small fee for their hard work. They also carry out the mortgage applicationContinue reading “Fintech and its impact on the mortgage market”
Public Bank eyes to expand its operations in Vietnam
Advertisements Public Bank Bhd, the third largest lender by assets in Malaysia, said it it is actively pursuing opportunities in Vietnam and Cambodia in view of the growing potential of the Indochina market. “Public Bank’s operations in Vietnam, despite still being a small contributor to the group’s profit currently, is also a key focus ofContinue reading “Public Bank eyes to expand its operations in Vietnam”
First-time ever in Vietnam, VIB to debut Zero Interest Rate Credit Card
Advertisements Vietnam International Bank (VIB) just debuted the VIB Zero Interest Rate Credit Card – which offers free of interest rate for all card expenses for customers of the bank. VIB became the first and only bank in the county to waive interest rates for card holders up to five years of their cards’ validity,Continue reading “First-time ever in Vietnam, VIB to debut Zero Interest Rate Credit Card”
Banks report large first quarter profits
Advertisements Several commercial banks in Vietnam have reported big profits in the first quarter of this year. At the annual shareholders’ meeting, held on April 23, general director of the Vietnam Bank for Industry and Trade (VietinBank), Tran Minh Binh said that the bank made a profit of VND3.1 trillion (USD134.7 million), in the firstContinue reading “Banks report large first quarter profits”
HDBank sets profit target of USD 217 million this year
Advertisements The Ho Chi Minh City Development Bank (HDBank) plans to collect USD 217 million profit before tax this year, an increase of 27 percent compared to 2018. The information was released during its Annual General Meeting of Shareholders (AGM) on April 23rd, 2019. VNS/VNA reports. The bank forecast that total assets this year willContinue reading “HDBank sets profit target of USD 217 million this year”
Vinhomes Q1 profit reaches $116 million
Advertisements Real estate giant Vinhomes JSC recorded a net profit of VND2.69 trillion in the first quarter, according to its newly-released consolidated financial report. The $116 million net profit is a 33 percent fall year-on-year. The decrease was because the company (stock code: VHM) had largely completed delivery of apartments and villas to customers inContinue reading “Vinhomes Q1 profit reaches $116 million”
Lotte Card has started its credit card services in Vietnam
Advertisements Lotte Card begins card business in Vietnam through its subsidiary there, the card firm said Wednesday. It is the first time a Korean card firm has launched a credit card business in the Southeast Asian country. According to the company, Lotte Finance Vietnam, its Vietnamese operation that was launched in December recently introduced twoContinue reading “Lotte Card has started its credit card services in Vietnam”
The State Bank of Vietnam proposes tighter control over e-wallets
Advertisements The State Bank of Vietnam (SBV) has proposed more regulations to tighten control over the opening and use of e-wallets, the local media reported. According to the draft circular amending and supplementing Circular 39/2014, which guides the use of intermediary payment services, individuals and organizations wishing to open e-wallet accounts must provide sufficient information.Continue reading “The State Bank of Vietnam proposes tighter control over e-wallets”
Local banks expect to get high credit growth limits with Basel II standards
Advertisements Some commercial banks expect to get high credit growth limits set by the central bank this year as they have so far met Basel II’s capital safety and risk management standards ahead of schedule. According to current regulations, the State Bank of Vietnam (SBV) sets a credit growth limit for the entire year forContinue reading “Local banks expect to get high credit growth limits with Basel II standards”