Banking - Finance

VietinBank dominates bank card market
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is leading in credit card transaction revenues and the number of cards issued in Viet Nam.
Market report: Gold miners lose shine as Russia Ukraine tensions ease
An investor exit from safe-haven gold sent shares in Fresnillo, Randgold Resources, BHP Billiton and African Barrick Gold down on Wednesday
Outstanding property loans rise in 2014
HA NOI (HomeID) ― The total outstanding loans for property investment and trading reached nearly VND267 trillion, or US$12.7 billion, at the end of February, up 1.8 per cent from the end of 2013.
Baoviet Bank guarantees project progress for homebuyers
HA NOI (Homeid) ― Baoviet Bank announced on Wednesday that it would lend customers who buy apartments at the Ha Dinh Tower 70 per cent of each apartment's value for 15 years.
The first virtual prepaid card launched
HA NOI (Homeid) — The Viet Nam Prosperity Bank (VPBank) on Monday launched the first prepaid online Smartcash Visa Card in Viet Nam with the aim of contributing to the country's e-commerce development.
Bank profits reach $952 million during first half
HA NOI (Homeid) ― The domestic banking sector's total profits topped VND20 trillion (US$952.4 million) during the first half of this year, higher than the same period last year, Dau tu Chung khoan (Securities Investment) news reported, citing a State Bank source.
Sacombank revs up operations in Lao capital
VIENTIANE (Homeid)— The Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank) on yesterday officially opened the new headquarters of its branch in Vientiane, Laos .
Techcombank changes senior figure
HA NOI (Biz Hub) ― Management board member Do Tuan Anh had been assigned as acting general director of Techcombank to supersede Simon Morris, who had resigned due to personal reasons, the bank announced in a press release on Tuesday.
ACB slims down employees, cuts wages
HA NOI (Biz Hub) ― Asia Commercial Bank (ACB) in the first half of the year cut down the total number of employees at the bank and its affiliates by 568 to just over 9,700.
Banks see profits fall but remain optimistic
HA NOI (Homeid) — While most credit institutions(CIs) see potential risks in the banking system due to the level of bad debt, they also see brighter prospects for the second half of the year, according to a recent survey by the State Bank of Viet Nam (SBV).