Banks allowed to extend credit growth quota

Banks allowed to extend credit growth quota

The State Bank of Vietnam (SBV) has extended the credit growth limits for the third time this year to some commercial banks to meet rising capital demands at year-end.

Banks urged to embrace digitisation

Banks urged to embrace digitisation

About 67 percent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus).
Illustrative photo. (Source: SGGP)

Banks seek alternate sources for liquidity

During the first half of the year the economy was showing signs of recovery, which helped credit institutions to grow strongly once again. 
Banks to face fine over ATM , online service chaos

Banks to face fine over ATM , online service chaos

Regarding to ATMs and online money transaction chaos lately, Deputy Head of the State Bank of Vietnam Nguyen Hoang Minh said that banks would face harsh penalties if their ATMs don’t work properly.

Remittance to HCMC reaches $2.45 billion in first six months

Remittance to HCMC reaches $2.45 billion in first six months

Ho Chi Minh City received a total remittance of around US$2.45 billion in the first six months of 2018, up nearly 20 percent compared to same period last year, according to reports by the Ho Chi Minh City branch of the State Bank of Vietnam on June 28.