FINANCIAL AND BANKING NEWS

Less attractive rates cause savings withdrawals in favour of other investment channels

Savings seem to no longer be a top priority for many people, making it difficult for banks to raise medium- and long-term capital. ...

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Over $11 billion in State budget surplus registered in Q1

State budget revenue reached $27.9 billion while expenditure was VNĐ428.2 trillion ($27.9 billion). ...

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Gold price hits new record

At 10am on April 22, Saigon Jewelry Company (SJC) listed gold bar prices at VNĐ120.5-122.5 million per tael. ...

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Techcombank CEO: Việt Nam can leverage its advantages to develop a financial centre

As Việt Nam’s most pioneering bank, leading the digital transformation of the banking industry and actively contributing to the nation’s ‘era of rising’, Techcombank's CEO, Jens Lottner, shared valuable insights at the conference 'Building a Financial Centre in Việt Nam' held in HCM City recently. ...

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Bond market sees strong recovery in first few months

In the first two months of 2025, the total value of bond transactions, including both public and private offerings, reached VNĐ167.2 trillion (over US$6.5 billion), up 19 per cent on year. ...

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Positive credit helps drive economic growth

As of March 20, outstanding loans reached nearly VNĐ15.93 quadrillion, up 1.98 per cent compared to the end of 2024 and up 17.60 per cent compared to the same period in 2024. ...

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Output rises for first time in three months: PMI

In a report released on April 1, the S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted above the 50.0 no-change mark for the first time in four months during March, signalling an improvement in business conditions at the end of the first quarter of 2025. ...

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Profits, dividends, capital increases and bad debts on agendas of 2025 banking AGMs

In a discussion with shareholders, VIB Chairman Đặng Khắc Vỹ said that bad debt handling is one of the ‘hot’ issues of the entire banking industry. ...

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