Banking industry shows good performance

Banking industry shows good performance

Recently released financial statements of the third quarter of this year of commercial banks showed that banking industry has continued to flourish with extremely positive profit growth, in which a large part was contributed by revenue from services. 
Vietnam hasn’t issued a law on P2P lending and the model has many potential risks.(Photo: thoibaonganhang.vn)

Credit institutions warned about P2P lending

The State Bank of Vietnam (SBV) has warned Vietnamese credit institutions and foreign banks in the country to be cautious before working with peer-to-peer (P2P) lending companies as there are many risks related to the service.
A majority of credit institutions in the country expect an upward trend in their business in 2019. (Photo: VNA)

Banks expected to maintain good performance in 2019

A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Vietnam (SBV) survey released recently.
Bad debts worth VND 93.7 trillion (US$4.12 billion) were recovered last year. (Photo: cafef.vn)

Bad debt ratio at 2.3 percent by end of 2017

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.

VAMC buys nearly VND21 trillion deep debts

VAMC buys nearly VND21 trillion deep debts

Vietnam Asset Management Company (VAMC) purchased VND20,995 billion (US$924 million) of deep debts from credit institutions during the first nine months this year with the price of VND20,619 billion.
At the opening ceremony (Photo: SGGP)

CEP continues to accompany with poor people

The capital aid fund for employment of the poor under the Labor Union’s management yesterday changed its name as non-profit Vietnamese microfinance institution and working models