How are 17 important banks doing business in 2021?

How are 17 important banks doing business in 2021?

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has just approved 17 credit institutions and branches of foreign banks by 2021.
Foreign banks start consumer finance boost in Vietnam’s market

Foreign banks start consumer finance boost in Vietnam’s market

Foreign banks have decided to boost consumer finance loans as the business segment is forecast to maintain double digit growth this year
Foreign banks may return soon

Foreign banks may return soon

The completion of the sale of Vietcombank stake to foreign buyers in early 2019 and of BIDV at the end of last year may bode well for a comeback of foreign banks to Vietnam in 2020
Foreign banks in Vietnam raise chartered capital

Foreign banks in Vietnam raise chartered capital

Both Vietnamese and foreign banks are rushing to raise their chartered capital to satisfy the requirements of Basel II.
Be cautious when reducing the compulsory reserve ratio

Be cautious when reducing the compulsory reserve ratio

VCN - The State Bank of Vietnam (SBV) is collecting comments on the draft Circular on compulsory reserves of credit institutions and branches of foreign banks. These new regulations are expected to have an impact in both directions for the money market wh
How are foreign banks performing in Vietnam?

How are foreign banks performing in Vietnam?

The number of 100 percent foreign owned banks in Vietnam has increased by twofold in the last two years to nine
The foreign banks are excited to participate in electronic tax payment 24/7

The foreign banks are excited to participate in electronic tax payment 24/7

VCN- Mizuho Bank, Ltd., is the first foreign bank selected by the General Department of Customs to sign the electronic tax collection and payment 24/7. The leader of the bank said, the reason for joining the electronic tax payment 24/7, was from the needs
Foreign banks step up personal banking, increase M&A activity

Foreign banks step up personal banking, increase M&A activity

Two foreign bank names are in the list of top 10 taxpayers HSBC and Shinhan Bank Vietnam And both have strong retail banking divisions
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