workshop updates local banks on new internal audit standards Workshop updates local banks on new internal audit standards

14:15 | 28/08/2017 Finance - Banking

The Vietnam Banks Association (VNBA) and the US Institute of Internal Auditors (IIA) held a workshop in Hanoi on August 23 to update local banks on the new International Professional Practices Framework (IPPF) for application in Vietnam.
more scope remains for vietnam japan financial cooperation More scope remains for Vietnam – Japan financial cooperation

14:23 | 27/08/2017 Finance - Banking

Vietnamese Minister of Finance Dinh Tien Dung has stressed that there remains more scope for Vietnam - Japan cooperation in the financial market and there is huge potential for Japanese investors to operate in Vietnam.
prospects for interest and exchange rates uncertain Prospects for interest and exchange rates uncertain

14:36 | 24/08/2017 Finance - Banking

(VEN) - Forecasts for the monetary market in the last months of the year indicate that deposit interest rates may fluctuate, while exchange rates will be affected by demand for foreign currencies due to the high trade deficit. However, there are still some factors that could keep interest rates stable.
identifying market risk under circular 41 and basel ii Identifying market risk under Circular 41 and Basel II

11:10 | 23/08/2017 Finance - Banking

(VEN) - The State Bank of Vietnam (SBV) has issued Circular 41 in 2016 stipulating the required capital adequacy ratio (CAR) for banks and foreign bank branches in order to apply Basel II standards in Vietnam. Circular 41 will take effect as of 01 January 2020.  
foreign banks withdraw capital from vietnam no cause for concern Foreign banks withdraw capital from Vietnam: No cause for concern

10:50 | 22/08/2017 Finance - Banking

(VEN) - Some large foreign banks operating in Vietnam have recently scaled down their business or withdrawn capital from Vietnamese banks. However experts say there is no cause for concern.
roadmap approved to develop bond market Roadmap approved to develop bond market

14:08 | 21/08/2017 Finance - Banking

Outstanding debt in Vietnam’s bond market is targeted at 45 percent of total GDP in 2020 and about 65 percent of GDP in 2030, according to a recently approved roadmap for the market development.
scic manages state capital of nearly 20 trillion vnd at 141 firms SCIC manages State capital of nearly 20 trillion VND at 141 firms

09:01 | 18/08/2017 Finance - Banking

The State Capital Investment Corporation (SCIC) had invested in 141 businesses as of July 31 with total State capital of almost 19.56 trillion VND (860.6 million USD) among their combined charter capital of nearly 94.93 trillion VND (4.18 billion USD).
pm pace of credit growth should be speeded up PM: Pace of credit growth should be speeded up

09:31 | 16/08/2017 Finance - Banking

Prime Minister Nguyen Xuan Phuc has called for an increase in credit growth to 21 percent this year to help the country hit its economic growth target, state media reported on Monday, potentially adding to concerns over the pace of new lending.
insurance premiums surge 21 percent in jan july Insurance premiums surge 21 percent in Jan-July

14:07 | 14/08/2017 Finance - Banking

The total premiums collected by insurance companies in the first seven months of 2017 surged by 20.9 percent year on year to 57 trillion VND (2.5 billion USD).
citi vietnam named 2017 best corporateinstitutional digital bank by global finance magazine Citi Vietnam named 2017 Best Corporate/Institutional Digital Bank by Global Finance Magazine

09:32 | 11/08/2017 Finance - Banking

(VEN) - Citi swept the country awards in the Corporate/Institutional Digital Bank category, winning 15 accolades for Vietnam, Australia, Bangladesh, Hong Kong, India, Indonesia, Kazakhstan, Malaysia, New Zealand, Pakistan, Singapore, South Korea, Sri Lanka, Philippines and Thailand.  
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