Real estate lending accounted for 11.6 per cent of LienVietPostBank’s total outstanding loans. — Photo vneconomy Real estate lending continued to remain high at more than 10 per cent of the total outstanding loans in several banks. Online news portal Bizlive.vn reported that the top five banks recording a high proportion of real estate lending by the end of last year were Sacombank, 17.6 per cent; Techcombank, 12.6 per cent; LienVietPostBank, 11.6 per cent; Kienlongbank, 10.1 per cent and VPBank, 8.5 per cent. Except for LienVietPostBank, which saw a slight increase in real estate lending, the other four posted a strong decline in the proportion of lending to real estate businesses. VPBank managed to pull this ratio to below 10 per cent instead of 11.7 percent in 2016. Three other banks that also recorded an increase in the proportion of lending to real estate businesses but kept it under 10 per cent were ABBank, HDBank and SHB. According to State Bank of Viet Nam (SBV), … [Read more...] about Real estate loans remain high in some banks
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VietNamNet Bridge –Vietnamese banks are using the most advanced security technologies available in the world for their systems, according to experts. Representatives of commercial banks and payment portals have affirmed that their websites have not been hurt by the OpenSSL HeartBleed flaw which was discovered some days ago. Online transaction accounts exposed to danger The risk the “bleeding heart” can cause is so serious that experts have recommended that people stay away from the Internet and online transactions until websites confirm they have finished patching the holes and upgrading their systems. However, Vietnamese banks all have insisted that their systems were never at risk, and that it is therefore still safe to use their e-banking services. A senior executive of Maritime Bank said HeartBleed only affects websites using the OpenSSL security protocol, while Maritime is using SSL Cert of Verisign. A representative of VietinBank has also … [Read more...] about Which security technologies are Vietnamese banks using?
Online Bidding Guarantee Starts from 2016 This plan will be carried out in two phases, starting from July 13, 2016. The first phase (from 2016 to 2018) will include the following contents: Upgrading, managing and operating existing national procurement network systems in a secure, stable and smooth manner; collecting bidder selection and bidding guarantee fees via banks, online payment gateways and electronic invoices; enabling online bidding guarantee; providing bid information on mobile devices and emails. The second phase (from 2019 to 2025) will comprise of the following contents: Linking the national tender system with other e-government systems; developing bid information provision utilities, participating in bidding, bidder selection supervision and contract implementation via mobile devices; applying online payment between investors and bid winners. The objectives of the second phase are 100 per cent of information about bidder/contractor selection and contract execution is … [Read more...] about Online Bidding Guarantee Starts from 2016
A hacking group leaked identifying details about 30,000 clients of a small Swiss bank, after Banque Cantonale de Geneve (BCGE) declined the group’s request to pay a ransom. The hackers’ asking price for continued privacy: Ten. thousand. euros. The hack and its seemingly small-scale demand -- $12,000 at current exchange rates -- speak to the prevalence and ease of a rapidly growing extortion industry that deals in stolen or hijacked data. At around 6 p.m. central European time, the hacking group, which calls itself Rex Mundi, offered a link that it said contained purloined e-mails with clients’ names, phone numbers and account numbers, as well as their e-mails with the bank. The group said it will post the data tomorrow on its website. In a statement on its web site, Banque Cantonale de Geneve confirmed the client details had been released but said the information didn’t represent a financial risk for clients or the bank. It said it is conducting deeper analysis … [Read more...] about Hackers release Swiss bank data over $12k unpaid ransom
CEO Joseph N.C.Huang was quoted as saying that its main target here is joining local banks in participation loans, adding that it also targets the retail banking segment in the future. The branch's charter capital is US$30 million, the website reported. Taiwan is now the fourth biggest investor in Vietnam, after South Korea, Japan and Singapore, with 2,460 projects registered and more than US$29.1 billion as of August, according to official figures. The State Bank of Vietnam early this week reported that foreign banks have established 47 branches and 53 representative offices around the country, accounting for 6.92 percent of the local banking sector's assets as of December 31 last year. It said five wholly foreign owned banks and four joint-venture banks accounted for 3 and 0.75 percent of the total assets, respectively. In terms of credit, foreign banks' market share declined from 9.2 percent in 2009 to 8.28 percent last year, partly due to local and international difficult … [Read more...] about Taiwan’s E.SUN bank opens first branch in Vietnam