Vietnam makes significant progress in sustainable finance reforms, according to the second Global Progress Report of the IFC-facilitated Sustainable Banking Network (SBN).
A half of 16 finalists list in the first-ever Fintech Challenge Vietnam (FCV) which was officially revealed at the Asian Development Bank (ADB) – Viet Nam Resident Mission has come from Vietnam.
In only the first two months of this year, the banking, financial services and insurance sector (BFSI) of Vietnam received up to US$1.45 billion worth of investment.
The divestment in TechcomFinance is expected to help the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) record an extraordinary profit of more than VND1.1 trillion (US$48.4 million) in the first and second quarter of this year.
The Post and Telecommunication Finance Company which has lost for many years was auctioned with a starting price of VND500 billion (roughly US$22 million) by VNPT on February 1.
The amount of bad debt that the Vietnam Asset Management Company (VAMC) has to deal with this year accounts for nearly half of the total bad debts VAMC has bought from banks.
The information was given during the working session of Nguyen Kim Anh, Deputy Governor of the State Bank of Vietnam, with Ocean Commercial Joint Stock Bank (OceanBank).
The interest rate of 5 per cent p.a. is applicable by commercial banks in 2018 on subsidized loans outstanding for home purchasers from January 01, 2018, a move aimed at enabling favorable policies to connect lenders and borrowers in housing sector.
The State Bank of Vietnam (SBV) is collecting comments for a draft amendment to Decree No. 24/2012/NĐ-CP on gold trading management and the proposed elimination of business condition in making gold jewelry and crafts has become the prominent content.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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