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First seven local banks deploy chip cards

Some 22 million magnetic-strip ATM cards in Vietnam will be converted to chip cards by the end of 2019, as part of an attempt to accommodate the nation’s non-cash payments scheme by 2020.

IFC provides syndicated loan of $100 million to TPBank

IFC’s long-term funding commitment is expected to enable TPBank to double its micro, small and medium enterprises portfolio over the next five years, providing more than $1.8 billion in about 46,000 loans by 2022.

The financial sector attracted enormous foreign investment in the first two months of 2018

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.

State-owned companies divest from banks

The share prices of banks listed on bourse have risen sharply, having facilitated the divestment of state-owned companies.

Stock indexes
1,442.79 3.85 0.27
Volume: 637,630,549 Value: 22,985 (Billions VNĐ)
410.76 -10.45 -2.48
Volume: 99,827,150 Value: 1,742 (Billions VNĐ)
107.84 0.37 0.34
Volume: 56,558,249 Value: 1,066 (Billions VNĐ)
1,482.55 5.49 0.37
Volume: 142,261,000 Value: 6,211 (Billions VNĐ)