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English News

Interest rates for property loans pick up

Interest rates for property loans pick up

HCMC – Interest rates for property loans have inched up as property prices in many places have unusually rocketed.

Clients fret over ATM and Internet banking fee hike

Clients fret over ATM and Internet banking fee hike

HCMC – Customers of two local banks, Eximbank and Agribank, have said they are shocked to learn of higher transaction fees for ATM and Internet banking services, Nguoi Lao Dong newspaper reports.

Banks report handsome profits in quarter one

Banks report handsome profits in quarter one

HCMC – Most commercial banks have released their first quarter earnings results, with many of them making big profits in January-March, a period which often sees the lowest quarterly loan growth, VietnamPlus reported.

Jan-April credit expands 5%

Jan-April credit expands 5%

HANOI – Credit grew 5% in the first four months of the year, Pham Thanh Ha, director general of the Monetary Policy Department of the State Bank of Vietnam, told a banking forum in Hanoi on May 8.

SBV tells banks to stop ATM fee hikes - report

SBV tells banks to stop ATM fee hikes - report

HCMC – The State Bank of Vietnam (SBV), or the central bank, has told commercial banks to stop hiking ATM cash withdrawal fees as multiple banks have been rushing to revise up ATM card and Internet Banking service charges.

Banking services bring huge profits

Banking services bring huge profits

HCMC – Multiple banks made trillions of Vietnam dong in profit each from their services last year and in the first quarter of this year, according to a news report in Nguoi Lao Dong newspaper.

Banks agree to delay fee hikes

Banks agree to delay fee hikes

HCMC – Member banks of the Vietnam Banks Association have agreed not to revise up card service fees for now as requested by the association.

Big banks stuck in inefficient financial investments

Big banks stuck in inefficient financial investments

HCMC – The State Audit Office of Vietnam (SAV) said in a report that big banks have got stuck in inefficient financial investments, according a Thanh Nien newspaper report.


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