Vietnam's Eximbank Names New Chairman Amidst Restructuring Efforts
Nguyen Canh Anh replaces Do Ha Phuong as Chairman of Eximbank as the Vietnamese bank focuses on growth and stability.
Topic: eximbank
Vietnam Cracks Down on Credit Card Fees After Debt Soars 1,000-Fold
Central bank orders banks to disclose all fees and interest rates upfront following a scandal where a forgotten $335 debt became $348,000 in 11 years.
CIR at many banks in better shape
The CIR (Cost to Income Ratio) at ten of the 17 banks listed on the Ho Chi Minh Stock Exchange (HoSE) fell in the first half of 2022. Of note, the CIR of Eximbank, Sacombank, and LienVietPostBank fell 17 per cent, 9.9 per cent, and 9 per cent, respectively, compared to the first half of 2021. While LienVietPostBank’s CIR fell to 35.5 per cent, Eximbank and Sacombank’s fell sharply but were still above 40 per cent.