The two-day World Financial Innovation Series (WFIS) in Hà Nội on Tuesday brought together more than 500 key decision-makers from leading banks, insurance firms, digital lenders and microfinance institutions to explore the future of Việt Nam’s digital finance sector.
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Private banks accelerate in equity 15/05
Accumulating equity capital through retaining profits to distribute stock dividends is becoming the dominant trend.
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Tax collection must win public trust: finance minister 14/05
Minister of Finance Ngô Văn Tuấn has called on the Department of Taxation to apply AI and big data to improve tax management while ensuring tax collection maintains public trust, as the government pursues ambitious revenue targets.
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Government bond yields edge higher amid cautious investor sentiment 14/05
The 10-year tenor continued to account for the largest share of issuance.
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Banking sector supports economic growth 09/05
The central bank will proactively review and amend relevant mechanisms and policies related to banking credit activities in general and sectoral credit in particular to support economic growth.
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Bank-led funding model strains as Việt Nam seeks new growth drivers 09/05
Bank credit is nearing its limits as Việt Nam seeks trillions in investment for double-digit growth, prompting urgent calls to deepen capital markets and improve the efficiency of capital use.
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Tackling bad debts will free up resources for double-digit growth 21/04
Statistics show the ratio of bad debt has climbed above 2.8 per cent, reflecting mounting pressure on lenders and a significant volume of capital tied up in non-performing assets.
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Smaller banks race to raise capital, shift listings to HoSE 21/04
Several banks currently trading on the UPCoM market are actively pursuing plans to both raise charter capital and shift their listings to the HoSE, the country’s main bourse known for stricter listing requirements and higher liquidity.
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Officials say real estate credit tightening not clampdown on lending 21/04
Việt Nam’s move to tighten oversight of real estate lending is aimed at managing risks rather than restricting credit, officials and industry executives said, as authorities seek to balance financial stability with growth.
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Banks buy back bonds prematurely to restructure debts 11/04
Many banks are repurchasing bonds with maturities of two to three years while simultaneously issuing new bonds with longer maturities of five to 10 years.
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Banks pledge to reduce lending rates after central bank meeting 11/04
Commercial banks have committed to lower deposit and lending rates to support economic growth and manage inflation risks at the meeting with Governor of the State Bank of Việt Nam Phạm Đức Ấn on April 9.
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POSCO to invest over $400 million in battery materials plant in Thái Nguyên 11/04
POSCO Future M, a subsidiary of the Republic of Korea’s POSCO Group, has selected Sông Công II Industrial Park in the northern province of Thái Nguyên to build its first large-scale battery materials plant in Việt Nam, according to Viglacera Corporation.
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Rising credit interest rates pile pressure on businesses, retail borrowers 06/04
After a prolonged period at low levels, lending rates at banks have begun to edge up again, placing a heavier burden on borrowers, both individuals and businesses.
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Banks told to stabilise interest as deposit rates climb 02/04
Under the document, the SBV requested credit institutions, branches of foreign banks and regional SBV offices to implement measures to maintain stable market interest rates.
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SBV proposes higher lending caps for major projects in Hà Nội 02/04
The maximum credit exposure for a single borrower would not exceed 38 per cent of a bank’s owned capital, while lending to a borrower and related parties would be capped at 52 per cent of bank capital when financing large projects in the city.
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