Vietnam
Vietnam banks eye increased use of card payment services
Vietnam's commercial banks are now prioritising increased profits from card payment services. The domestic market now has 28.5 million bank cards which are mainly used just for cash withdrawals.
Vietnam banks eye increased use of card payment services
Vietnam's commercial banks are now prioritising increased profits from card payment services. The domestic market now has 28.5 million bank cards which are mainly used just for cash withdrawals.
Vietnam's Eximbank 2010 net profit up 60%
Vietnam's Eximbank's net profit surged 60 percent to US$87 million last year.
VietinBank's 2010 net profit soars 169%
VietinBank's net profit jumped 169 percent to US$164.7 million last year. The Hanoi-based bank revealed in a finacial report that its annual lending jumped 43 per cent from 2009 to US$11 billion.
Cambodia ATM numbers soar as bank sector develops
National Bank of Cambodia NBC recorded that 130 new ATMs were installed by commercial banks last year. This brings the total Kingdom-wide to 501 at the end of 2010 – a rise of 35 percent on 2009.
High dollar price “feeding up” Vietnam banks
Businesses complain that the “dual foreign currency price mechanism” is still persisting.
Military Bank raises deposit rates for foreign currency savings
Military Commercial Joint Stock Bank announced to increase the deposit rates for depositors in US dollars and euro by up to 1.5 percent per year, starting from February 17, 2011.
VNPost gets nod to make capital contribution in LienVietBank
Prime Minister Nguyen Tan Dung approved Vietnam Post's capital contribution in LienVietBank by merging its member company of Vietnam Postal Savings Service Co into the bank.
DaiABank sets high profit targets for 2011
DaiABank targets over 600 billion dong of pre-tax profit in 2011. The bank planned to submit the targeted year plan to the shareholders in the annual shareholders meeting to be held in the near future.
Card transactions up 32% in Vietnam
Total card transactions made tremendous growth in Vietnam in 2010 against five years ago when the first one was conducted.
Vietnam's commercial banks required to report operational targets
The State Bank of Vietnam issued a regulation to require the state – owned and joint-stock commercial banks to report certain operational targets of their 2011 plans.
HCM City probes forex practices among banks
The HCM City People's Committee has set up a team to investigate if banks have been selling US dollars at above the official selling rate by charging "fees".
Foreign banks optimistic about Vietnam's economy
Standard Chartered Bank is optimistic about Vietnam's economy and sees many growth opportunities in the country.
StanChart Vietnam joins Smartlink network
Standard Chartered Bank (Vietnam) would be the first international bank to join the Smartlink network.
Taiwan bank opens second Vietnam branch
Taiwan's First Commercial Bank opened its second branch in Vietnam to further expand into the emerging market.
VietinBank offers online payment for airline tickets
Vietnam Airlines joined forces with VietinBank to introduce an online payment facility for customers through the E-Partner debit card.
Deutsche Bank's HCM City branch to increase capital
State Bank of Viet Nam increased the allocated capital for Deutsche Bank AG, HCM City branch, from US$24 million to $50.08 million.
ACB launches fingerprint identification system
The Asia Commercial Bank has started screening fingerprints to identify account owners instead of signature and identity cards as before.
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