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Vietnamese banks need to make further efforts to exploit all advantages available to develop in the face of severe competition from foreign banks, analysts say.
Sacombank Finance Leasing Co (Sacombank SBL) announced that the company signed 278 contracts up to June 30, with total asset value of about 525 billion dong and committed outstanding loans of over 693 billion dong.

Commercial banks will be allowed to use government-issued dollar-denominated bonds as collateral when borrowing from the central bank.  The State Bank of Vietnam decided to allow lenders to use the debt as a "mortgage asset," according to a statement posted on the website of the Hanoi Securities Trading Centre Friday, where the bond auctions are held. The State Treasury raised US$100 million by selling one-year dollar bonds Friday, in the first of three domestic sales this month.

Sacombank Securities Co., Ltd  (Sacombank-SBS) and Sacombank Jewelry Co., Ltd (Sacombank-SBJ) co-operated to open gold trading floors on 8 Sacombank-SBS office branches all over the country. After operating, besides proving securities trading services, gold trading agent at Sacombank-SBS is also able to provide similar services as Sacombank-SBJ such as: open account, buy/sell order and cancel. Within Sacombank-SBJ’s trading system, gold trading agent at Sacombank-SBS applies continuous automatic matching system in order to maximize customer’s investment outcome

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Updated at 14:09, 28/05/2015
Foreign Currency Cash Bid Rate Offer Rate
USD 21,760 21,780 21,840
AUD 16,622 16,652 16,880
CAD 17,356 17,426 17,594
CHF 22,740 22,868 23,185
Currency: VND
View chart of exchange rates
Updated at 14:09, 28/05/2015
Gold Buy Sell
XBJ 3,100,000 3,250,000
XAU 3,484,000 3,494,000
Currency: VND
View chart of gold price