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Negative interest on credit When it suddenly costs you to save

As of: 06/18/2021 8:58 a.m.

Up to now, banks have mainly charged new customers with negative interest rates. It also affects existing customers more and more frequently. Consumer advocates advise to be clear about what you want to do with the money.

From Iris Völlnagel, SWR

Anger and complaints from consumers are part of everyday life for Josephine Holzhäuser, financial expert at the consumer center in Rhineland-Palatinate. But since the beginning of the year, more and more consumers have come to her who have left their financial institutions “betrayed and sold” feel. The reason: More and more banks and savings banks are introducing negative interest rates on current and savings accounts.

More than 345 institutes collect negative interest

Many older people, but also younger ones, now sought advice from consumer advocates. Most of them have been customers for years, have taken out their mortgage lending or insurances with the banks, and now they are being threatened with termination if they are not willing to pay negative interest, says Holzhäuser. “From my point of view, this is a clumsy business practice.” People feel compelled and pressured. Many older people are overwhelmed – especially those who are not so fit online. Since the beginning of the year, more than 170 banks and savings banks in Germany have introduced negative interest rates. This is the result of a study on the www.biallo.de Internet portal. Every third bank only grants an allowance of 25,000 euros. The consumer portal Verivox also regularly researches and publishes the product overviews and price lists of around 1,300 credit institutions that are accessible online. As a result, more than 345 banks have now introduced negative interest rates for private customers. 19 banks charge fees for the call money account, which is usually free of charge. This also creates a de facto negative interest rate. In addition, there are the banks that do not publish any information, according to Verivox. Most recently, Postbank announced that it would lower the exemption limits for savings deposits on June 21 and one for new customers “Custody fee” from 50,000 euros on the current account and 25,000 euros on the daily allowance account. Contributions above this limit are charged with 0.5 percent. So far, the tax exemption has been 100,000 euros.

Banks point their fingers at the ECB

As a reason for that “Custody fee” the financial institutions repeatedly claim that they themselves pay negative interest rates to the European Central Bank (ECB). In 2014 it began to charge penalty interest on money that the commercial banks park in their central bank accounts. However, the banks are now granted exemptions. Critics therefore complain that the financial houses are doing business with negative interest rates.

This practice will not change in the foreseeable future, fears consumer advocate Holzhäuser. “If one bank does it, the others follow suit. If the pace continues, one no longer looks to see which bank has no negative interest, but from which tax exemption”, so wooden houses. David Bode from the legal enforcement team of the Federal Association of Consumer Organizations knows whether the introduction of negative interest is generally permissible. The association has filed suits at different courts in several federal states. It concerns both current and overnight money accounts. How long the litigation will take is difficult to estimate, according to Bode. There could possibly be first judgments in the current calendar year. In the end, the Federal Court of Justice may have to decide.

Consumers in a bind

A basic distinction should be made between existing and new customers. The latter advises the financial expert Holzhäuser to look at the small print before signing the contract. In the meantime, it is noted in the general terms and conditions whether negative interest is charged above a certain amount.

This is different with existing customers, where changes require an individual agreement. In the past year, the banks would have allowed existing customers to talk to them. In the meantime, the banks are going to terminate their business relationships. “That has another dimension”, so the consumer advocate. “As a customer, I then have to decide whether to sign or not.” In the meantime, however, she advises signing more and more often, according to Holzhäuser. “If people want to stay with the bank, they have to bite the bullet and watch the further case law.” If you don’t want to sign, you shouldn’t wait for the bank to give notice of termination, advises the consumer advocate. “We cannot yet assess how such a termination will affect Schufa, for example.” Alternatively, consumers could look for a new bank. As a rule, you have some time because the bank contacts its customers one to two months in advance.

Shift money, check investments

Many banks charged negative interest for amounts in excess of 100,000 euros. This corresponds to the amount of the deposit protection; that is, the amount for which the bank guarantees in the event of a total failure. If you have more in your account, you should distribute your money between several accounts at different institutions, according to the advice of the financial expert.

After all, everyone should check why they have so much money in their account at all, according to the consumer advocate. The following also applies: do not accept every offer without review. “In case of doubt, it is better to go with negative interest than to invest the money headlong.” A unit-linked annuity insurance with a term of twelve years is not an adequate offer for people over 70, according to Holzhäuser. You can also deposit the money in a locker or safe at any time. Just leaving it at home is the worst option because of the risk of theft, according to the financial expert

Ratings at a glance How creditworthy are which countries?

Status: 15.06.2021 01:05 p.m. Credit ratings from the major US rating agencies help determine the interest rates at which a state can borrow money. How do Moody’s, Fitch and Standard & Poor’s rate the creditworthiness of the countries in the eurozone and other countries? Who gets the top grade, the “Triple-A”? An overview of the current credit ratings from Belgium to Cyprus.

Source: rating agencies / as of June 15, 2021

Source: rating agencies / as of June 15, 2021

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As an old rival, Ma Huateng, seeing Ma Yun’s success in Internet finance, he was naturally unwilling to lag behind. In the same year that Ma Yun launched Huabaiboraibai on Alipay, he launched the WeChat version of “boraibai”-particles on WeChat. loan. Nowadays, many WeChat users have opened the micro-daily, enjoying the convenience of micro-daily. Compared with borrowing, the microfinance loan can obtain a higher amount and the installment time is longer.

Although Weixindai is easy to use, it is beyond reach for most WeChat users. This is because Weixindai uses a whitelist invitation system, and only WeChat users who have received the invitation are eligible to activate it. Regrettably, there are only tens of millions of users with invitation quota, which is really pitiful compared to the 1.2 billion people on WeChat.

However, I want to tell you a good news. Even if you have not received the invitation of Moto Loan, you can still enjoy the loan service in WeChat. Because the new function of WeChat is online, you can easily get 20,000 yuan without Moto Loan. Blessed are those who borrowed money. Below is a summary of the applications for borrowing money in WeChat.

First, micro-finance loans. This is an official WeChat loan application, and it is a loan product of Tencent WeBank. However, it has higher requirements for users. Users who need to receive official invitations can be activated. You cannot apply for it yourself.

Second, pay separately. This is also the official credit product of WeChat, known as the WeChat version of Huabei. In the future, when using WeChat Pay, you may be able to use “individual payment” to pay first, and then extend the payment within the billing period or pay the bill in installments.

Third, sesame has rice. It is an Internet loan service launched on the WeChat public platform. The function is the same as that of Micro Loan, but the advantages are obvious. No invitation is required. After paying attention, you can get a good amount after opening. Generally, you can get more than 20,000 for the first time, and the credit is very good. If it is 100,000, it is very possible, and it also supports installment, up to 12 installments, up to 200,000, which is very friendly to users who need turnover.

Distributed payment is a new feature of WeChat. It is a credit payment product. Like Huabei, it supports payment after payment. Red envelopes and transfers are not available for the time being. WeChat orders that there is no interest-free period, and interest is calculated on a daily basis, and the amount of the loan is repaid. The amount is comprehensively evaluated by the system. The repayment situation will affect the WeChat payment points.

Many users have heard of split payment, but do not know where to activate, then you can follow the steps below to check.

Step 1: After opening My WeChat, click “I”, “Pay” and “Wallet” in turn, and then you can see the “Payment” icon on the wallet page, just above the bank card.

Step 2: Click on this icon. If it is approved, the quota will be given to you. If it is not approved, the following picture will be displayed.

If it is activated, it is naturally a very happy thing. It can be used when the capital turnover is required, but it does not matter if it is not activated. Maintain good credit and use WeChat more. You can also activate it.

So, is your split payment activated? What’s the quota? Welcome to share.

The scientific world is an endless field, and people should be brave to explore. —— Tong Di Zhou

China has a long history of five thousand years, and there are too many unsolved mysteries that humans have not yet explored. Although the current technology cannot explain it, we believe that we will know the mystery in the future. Around each of us, there will be some things that cannot be explained by science, such as fortune-telling masters. Why do they not need to understand to calculate their own good fortune and good fortune? Old people often say that some things cannot be trusted, but we must also believe in them. We still have to be in awe of the unsolved mysteries.

I don’t know if everyone knows the people on credit knives. From ancient times to the present, there have been rumors that they can predict life and death, predict prosperity, and they will appear whenever something big is about to happen. Thirty years ago, there were people on credit knives who walked through the streets and left behind mysterious prophecies. So what are their identities? What kind of legend is there in them? Today we’ll find out.

The “Prophecy” of the Credit Knife

Perhaps many young people don’t know the credit knives. The inherent image of their group is to carry kitchen knives, scissors, iron pots, farm tools and other items on their backs to conduct transactions. Unlike the transactions of people nowadays, these transactions are not simple. It’s only sold on credit, not on credit. They will credit these things in their possession to those in need, and will leave them with a word or a few prophecies. If this prophecy comes true, they will collect the money, which is regarded as a proof of collecting the money.

Their predictions are usually very weird. For the people of that era, most of them were impossible things, such as: wait until the price of meat becomes too high, then come to buy a knife; or wait until the peasants are not there. Willing to farm, and then collect money and so on. For the people at that time, this was simply impossible, and people were unwilling to believe it. However, the behavior of the credit-knife people still caused a lot of heated discussions. After all, at that time, they The appearance of is indeed very puzzling, it can be said that the dragon sees the head but does not see the end.

Some people think that they use some ancient witchcraft to carry out some feudal superstition activities. After all, all they carry are some knives, so everyone guesses that they use this method to transfer the bad luck of the home to others. Body. Some people think that they are some illegal organizations. Perhaps they use this method to pass information to their own people. The most credible statement is that because the people on credit knives go north and south, the knives they sell will be more unusual. It was much more expensive because at that time, their price was much more expensive than on the market.

The “True Faces” of the Swordsman

Of course, the times are constantly changing, and perhaps most people will not care about the money when their predictions come true. From ancient times to the present, people have been skeptical about it, but with the change of times, their seemingly impossible predictions at the time have actually been fulfilled. What is even more strange is that their prediction of the world has also been fulfilled. The sentence “There are fields for no one to grow, and houses for no one to live. People will come out, and beasts will walk in clothes.” Doesn’t it reflect the current hollowing out of the countryside?

Many people are curious about the true identities of the credit knives, and everyone is beginning to guess where these credit knives come from? But what everyone doesn’t know is that this credit knife has always had a career. It is said that it is the muffled voice of Guiguzi, whose main responsibility is to divination of life and death and to predict prosperity as its own responsibility. We also know that Guiguzi was originally a mysterious figure in Chinese history, and was once known as the “Eternal Wonder”. It has always been an object that people respect. As a disciple of Guiguzi, it is natural to take this as his own responsibility, and the act of crediting the sword is also to accumulate virtue and do good, in order to enhance his own cultivation.

It is worth mentioning that after their prediction is fulfilled, they will not actually come to take their money, but disappear. Such a move also makes people’s guess a little more certain. Of course, the speculation of this statement also has a lot of unpredictability and does not fit the reality. So there is another way of saying that it is grain merchants, perhaps this kind of approach is closer to reality.

Because in the ancient farming society, people paid more attention to food. The price of this food was closely related to the stability of the society. In order to prevent losses in their business, the food merchants made this move. This not only stabilizes people’s hearts, but also guarantees the price of grain, so that it will not lose too much when buying and selling grain, and it will also be able to obtain a small profit from it.

Over the years, there have been different opinions about the people on credit knives, and some people think that the behavior of the people on credit knives may be to relieve the poor who cannot afford knives. They have passed through countless villages, countless customers on credit, and failed to register on the spot for a few years. Postscript? They are doing good, helping the suffering people in the world, and truly serving the people. They should be worthy of admiration from the people of the world! Everyone has their own opinions, but there is no authoritative explanation about their rumors. Maybe we can solve this mystery someday.

The world’s great wonders

In this world, there are too many things that modern high technology can’t explain, even if the current technology is very advanced, it is still the case. After all, the natural world is so big, we human beings are very small in front of nature. So, there are some more profound things that we haven’t explored yet. The road ahead is still long, and we need to explore it slowly. Zola once said: The whole meaning of life lies in endless exploration of things that have not yet been known.

In the discovery and exploration of life, we also need to maintain a calm and objective attitude, and don’t rush for success. If we fail, we will really lose out. Blindly pursuing speed, on the contrary, cannot be a major event. Only when we face these events with a peaceful mind, we will slowly approach success. The world is too big, and there are still many things to explore. In order to see more unexpected wonders, let us take a positive and optimistic attitude, take the pace of exploration, and discover. I don’t know, what do you think about this?

references:

“Tong Di Zhou’s Famous Quotes”

“Zola’s Quotes”

Original SIM card but still occupied by others Ms. ATH (in Binh Duong) reflected on 2-3 days, she discovered that her phone displayed a message that could not be called, so she went to VNPT Binh Duong Business Center to ask for a check. Here, the technical staff said that the SIM card is not damaged, still works two-way. On March 4, she went to the center to ask for a new SIM card. After that, the phone works normally. On March 12, Ms. H. logged into her credit card account to check and found that the money in the account had been withdrawn in the form of payment for purchases. Suspecting that her SIM information was exposed during the SIM rework, Ms. H. went to VNPT Binh Duong Business Center to find out. Only now did she know that on 2-3 days there was a transaction to replace her SIM at a VNPT center in Ho Chi Minh City. Ms. H. said that this SIM phone number has been registered by her owner before. Now suddenly my SIM was declared and appropriated by someone else, leading to the loss of her credit card more than 58 million dong. “During the settlement process, the representative of VNPT HCMC (where the SIM exchange happened) said he would support me with a scratch card worth 2 million VND, but I did not accept it. The main reason for losing money is because the network operator re-issued the SIM in the wrong process, not because of me, “- Ms. H. shared. Ms. ATH was upset because someone else took control of her phone SIM, so her credit account lost more than 58 million dong. Photo: DANG LE Another case is Mr. Trieu Duc Khai (in Thai Binh) also said on April 21, he made a complaint to VNPT Center in Thai Thuy district, Thai Binh. The content of the complaint about his VinaPhone SIM, although registered by the owner, was still controlled by others, leading to the loss of 35 million VND in his credit card. Through working with VNPT in Thai Thuy district, it was determined that someone had impersonated him to carry out the procedure to lose the SIM and make a new SIM with the subscriber number that Mr. Khai was using. This person only declared five phone numbers to call out, come to the nearest, and then be given a new SIM. Occupying SIM is a trick to appropriate money Exchange with Ho Chi Minh City Law Vo Do Thang, Director of Athena International Security and Network Administration Training Center, said that through the two cases above, it shows that if anyone reports the loss of SIM and only needs to provide five phone numbers to call. going, calling recently, committing to subscriber owner rights to be re-issued with a new SIM is not good at all. This has created a loophole for crooks to steal other people’s SIMs, to the detriment of genuine SIM users. According to Mr. Thang, most of the victims in the SIM loss cases were taken by fraudsters by making online payments. To pay for online purchases, there are three factors: The first is a mobile phone number. The credit card holder must register this phone number with the bank to authenticate transactions and receive bank notifications. The second is the card number (a series of numbers printed on the front of the credit card). The third is the OTP (one-time password) verification code sent to the phone number registered with the bank. In the working minutes and written responses to Ms. H. and Mr. Khai, the network operator confirmed that re-issuing SIM cards to others was not in accordance with the process. Photo: DANG LE. After hijacking the right to use the SIM, the crooks will take the victim’s credit card number to pay online, then use the newly issued SIM to receive the OTP code and complete the payment. The victim’s credit card number has been stolen by the crooks before, appropriating the phone SIM is only the last step to perform the act of appropriating money. According to Mr. Thang, not everyone who loses their phone SIM will lose money in their credit cards and bank accounts. Only when they have had their credit card or account information exposed before can crooks steal money. The victim’s credit card information may be exposed during previous online transactions. The cause is usually because the victim has filled out information on fraudulent websites, installed malicious code on the phone to steal card information, opened attachments of unknown origin or it can also be due to credit institutions. does not guarantee safety in terms of security,” Thang shared. In the working minutes and written responses to Ms. H. and Mr. Khai, the network operator confirmed that re-issuing SIM cards to others was not in accordance with the process. Photo: DANG LE The network operator did the wrong process In both cases mentioned above, in the process of working with customers, the operator has confirmed that the teller when carrying out the SIM reissuance procedure only requires the customer to provide five outgoing and incoming phone numbers. subscriber ownership is not the correct procedure. In response to the recent complaint of VNPT Center in Thai Thuy district, Thai Binh province against Mr. Trieu Duc Khai, it is clear that because of this unfortunate incident, VNPT Center of Thai Thuy district has apologized to customers. The material damage that the impostor causes to the customer, the center will fix and compensate for the loss. As for the case of Ms. ATH, VNPT HCMC said that it will accompany the customer to provide necessary information to serve the investigation agency.

Illustration. (Photo: Vietnam+) With the goal of improving efficiency, bringing more conveniences and incentives to customers when using products and services, Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank) deploys free notification of transaction fluctuations translation for owner credit (international and domestic). Accordingly, from June 1, VietinBank will free and change the transaction notification channel from SMS to OTT message channel on VietinBank iPay Mobile application for all credit card and current customers. using VietinBank’s digital banking services. OTT messages on VietinBank iPay Mobile application help customers receive transaction notifications 24/24 even while working or traveling abroad, just need to have an Internet connection with the device that has installed the application. In addition, OTT news with no character limit with clear and complete message content will help customers manage their accounts in the best way. VietinBank hopes that the form of notification of transaction fluctuations via OTT messages directly on VietinBank iPay Mobile will help customers have a safe and secure experience for customers when using VietinBank’s products and services. For customers who have not installed VietinBank iPay Mobile application, VietinBank will continue to send SMS messages and provide free services to customers./.

Accordingly, from June 1, 2021, VietinBank will free and change the transaction notification channel from SMS to OTT message channel on VietinBank iPay Mobile application for all credit card customers. and are using VietinBank’s digital banking service. OTT messages on VietinBank iPay Mobile application help customers receive transaction notifications 24/24 even while working or traveling abroad, just need to have an Internet connection with the device that has installed the application. In addition, OTT news with no character limit with clear and complete message content will help customers manage their accounts in the best way. VietinBank hopes that the form of notification of transaction fluctuations via OTT messages directly on VietinBank iPay Mobile will help customers have a great experience and ensure safety and security for customers when using products. , services of VietinBank. For customers who have not installed VietinBank iPay Mobile application, VietinBank will continue to send SMS messages and provide free services to customers. For more information, please contact the nearest VietinBank branch/transaction office, Customer Support Center: 1900 558 868 or Email: contact@vietinbank.vn.

Scams through SIM upgrade support have flourished recently. A representative of VinaPhone network operator said that in the past time, high-tech scams have increased sharply with sophisticated tricks, in which there has been a situation where fraudsters have appropriated control of mobile subscribers’ SIMs. Steal OTP code information, then withdraw money from customer’s credit card or borrow money online. This carrier recommends that mobile users be wary of calls and messages from unknown numbers with content such as requests for assistance with SIM replacement/SIM upgrade or winning announcements. When there are phenomena like above, customers access the official websites and information channels of the network operator to authenticate or contact the customer service center for answers. When the phone SIM has abnormal signs such as signal loss, disabled for unknown reasons, many strange phone numbers calling in the same time period, etc., customers urgently contact the network operator to check the status of the subscriber and get advice, answers or recommendations on how to handle it. In case the subscriber receives a notice of unusual transactions such as transactions related to credit cards, related online credit loans, customers should immediately contact the banks and financial institutions where the card is issued. Credit card, where the online credit transaction occurs, request emergency card locking support to prevent fraudsters from appropriating assets or clarifying that online credit transaction. In addition, the network operator recommends that users do not access the links attached to the content of strange messages; do not perform operations on the phone according to the syntax instructed by strangers. When there is a need to change / change a new SIM, go directly to the transaction points or the official agent of the carrier to do it. VinaPhone said that it has added surveillance cameras at transaction points to prevent bad behavior and widely communicated on internal channels as well as mass media for customers to capture information and be vigilant. against scams. Previously, the authorities also warned about fraud to appropriate the right to use the sim and then borrow money online. Many cases after upgrading the sim suddenly become a debtor of several million to several tens of millions of dong.

How the fake Google Chrome app infiltrates the phone Specifically, the crook will initially send you an SMS and ask to pay a small fee to receive the parcel. When the user clicks on the attached link, the screen will display a message asking to update the Google Chrome browser (actually fake software) and pay 1-2 USD fee to receive the goods via credit card. use. If you do, the crooks will instantly get your credit card information and take your money. In addition, the malware also uses the device to send about 2,000 phishing SMS messages per week to random phone numbers. According to the researchers, the malware’s propagation speed is relatively fast, able to target hundreds of thousands of users in a short time. How to limit? The researchers recommend that users absolutely do not give out credit card information to strangers. Also only update apps directly through Google Play or the App Store, do not click on suspicious links, even if they are sent by friends or relatives.

Ms. Tuong Nguyen – Director of the Center for VIB Card Operations and Strategy received the honor trophy of the 2021 Leading Bank in Innovation and Creativity from the representative of Mastercard. Online Plus 2in1 is a card that integrates both credit cards and international payment cards on one card with super preferential treatment for online transactions and Grab app transactions up to 43 million VND / year. The card is designed for all types of customers regardless of credit history or not. VIB Online Plus 2in1 integrates 2 different card numbers for credit cards and international payment cards in one card, convenient for storage and payment. All transactions only need one card, one touch, one click. At the same time, the card can automatically connect to the system of major online shopping partners like Grab to earn points for all cardholders’ consumption with 20 times more points than normal Grab transactions. . Customers will have an Online Plus 2in1 card to use after only 30 minutes to register completely online, even on weekends with a “three no” experience: no need to go to the transaction counter, no need to prove income and no Have to wait to use the card. Anyone can be the owner of VIB Online Plus 2in1 Just be 18 years old, users can immediately own an Online Plus 2in1 card and enjoy up to 43 million VND incentives when spending online and at Grab app without proof of income, no credit history. use … For customers who are eligible for credit, customers can immediately use the features of both credit cards and payment cards. Payment incentives such as points, discounts, and refunds will then be activated immediately. Cardholders can also make free withdrawals at all ATMs nationwide. For customers who are not eligible for the credit, they can open an Online Plus 2in1 card to use the features of the debit card first and foremost, with similar offers. After a period of using and spending the card, VIB will automatically increase the credit limit for cardholders when they are eligible for credit so that they can use both credit and payment features. Encourage customers to spend via card instead of cash In addition to the promotion of tens of million VND for Grab services, Online Plus 2in1 card is also the starting point of a series of attractive incentives for cardholders, including 20 times multiplier for all Grab spending, 100% refund. Annual fee, 100% refund of the first transaction on Grab app, international roaming data gift, mobile phone insurance gift and e-commerce shopping insurance with credit card. With a debit card, Online Plus 2in1 cardholders are free for card issuance, first year card transaction fees, first year overseas foreign currency transaction fees and a comprehensive insurance package including cardholder identity insurance, online shopping insurance and service insurance via ATM. VIB has a comprehensive consumer ecosystem, combining 0% discount, cashback and installment offers with leading partners to bring incentives for all of customers’ common expenses.

On the KrebsOnSecurity blog, cybersecurity expert Brian Krebs issued a warning about the leaked data, including the application user’s email address, phone number, license plate number, customer birth date, and email address. and password. (Photo: Seacoast Online) Information about the data breach was first discovered by the threat intelligence firm Gemini Advisory based in New York City (USA). “Gemini Advisory shared an image showing that my personal data was publicly available on a crime forum, including my ParkMobile account information in screenshots, along with information about the data. stolen. The data contains email addresses and phone numbers, as well as license plates for four different vehicles that I have used in the past 10 years, ”said cybersecurity expert Brian Krebs. (Photo: ParkMobile) On March 26, ParkMobile notified users that they had discovered “a cybersecurity incident related to a vulnerability in the third party software we use.” “We immediately launched an investigation with the assistance of a leading cybersecurity company to resolve the incident. We have also notified the appropriate law enforcement authorities. The investigation is still ongoing and we cannot provide details at this time, “said ParkMobile. (Photo: ParkMobile) According to ParkMobile, no user’s credit card information was stolen. “Our investigation indicated that no sensitive data or credit card information that we encrypted, was affected. We will continue to maintain the security and monitor our systems closely, ”the statement said. According to cybersecurity expert Brian Krebs, if you are already using ParkMobile, quickly change your password. (Artwork: Shutterstock) In the event that this password is used by you with other accounts as well, you should change everything to limit the likelihood of an attack, although it may take a while to complete.

In addition, this company will serve other financial institutions such as state-owned banks to compete in lending with fintech companies. According to a source close to the Financial Times, Ant Group wants to lead the new company. But PBoC said that this will create a conflict of interest. China wants to take control of Ant Group’s huge data warehouse. (Photo: FT) “The first priority is to ensure that the new business fully complies with the regulations. State participation will help the PBoC achieve those goals,” a source revealed. In January, the PBoC announced regulations requiring Chinese companies to secure government approval before being allowed to provide personal credit services. These companies have to ensure that they have 3 licenses and all are subject to government control. PBoC officials held a conversation with Ant Group executives on April 12. This month, Chinese regulators also asked Ant Group to restructure and sanction Xi. Alibaba Group Jack Ma’s record fine of 2.8 billion USD. Banks in China have long complained that Ant Group has benefited by not having to comply with the same strict regulations on lending as they do. The company has established a dominance in China with more than 700 million users a month on Alipay, an Alibaba mobile payment app. By the end of June 2020, Ant Group had developed a consumer lending platform with outstanding credit to about 1,700 billion yuan ($ 262 billion), more than any Chinese bank. Come on. In addition, the fintech company charges banks for loans on their apps. “Ant Group’s credit database offers a lot of value to banks,” said a former PBoC official. A person knowledgeable about this issue commented: “Ant Group needs to find a way to legalize this data warehouse. The proposed solution is to set up a credit reporting company approved by PBoC”. But there are also opinions that state control could affect the ability to collect and analyze information for Ant Group’s core business units, including consumer lending. “Ant Group really wants to hold on to its most valuable assets,” said a source. The central bank of China will release a report this Sunday on the creation of a state-controlled data company. However, neither Ant Group nor the PBoC have yet to comment on this. Phuong Anh (According to Financial Times)

This is an indicator that Vietcombank will reach and exceed its profit target for the whole year 2021. Previously, Vietcombank pre-tax profit in 2020 reached more than 23 trillion dong, equivalent to 2019 and reached 116.3% of the plan assigned by shareholders. Market capitalization by the end of 2020 reaches 15.7 billion USD and by April 22nd is over 16.4 billion USD – leading the industry. Expectedly, in 2021, the bank sets a target of 11% consolidated pre-tax profit (estimated at 25,585 billion dong), and separate pre-tax profit of 25,000 billion dong. Total assets are targeted to increase by 5%, capital mobilization from the economy increases by 7%, credit increases by 10.5%, and bad debt ratio is below 1%. In addition, the bank also plans to pay 2021 dividends at a rate of 8%. Mr. Nghiem Xuan Thanh, chairman of Vietcombank, said that the bank has set a strategic goal of 2 billion USD profit by 2025, of which the retail segment will contribute 50%, regardless of the Covid-19 epidemic affecting economy in general. Vietcombank also plans to increase its capital by more than 13 trillion dong to over 50 trillion dong by issuing shares to pay dividends from the remaining profit in 2019 and issuing separate shares with a scale of 6.5. % charter capital for up to 99 investors. Strategic partner Mizuho Bank will buy about 46.1 million additional shares to keep a minimum ownership rate of 15%. The bank continues to make great profits. Currently, Vietcombank is the bank with the highest new credit in the system. Therefore, if the capital is not raised, Vietcombank will not ensure the capital adequacy ratio as prescribed and this will affect the bank’s ability to provide credit to the economy, affecting its operational efficiency. In 2021, VCB expects that its total assets growth for the whole year will reach 5%, capital mobilization will increase 7% and credit growth will reach 10.5%. In the first quarter of 2021, many banks recorded high profit results and also set high targets for the year. VIB Q1 profit before tax increased 68% to more than 1.8 trillion dong thanks to the growth in scale and quality of the asset summary sheet, along with diversifying income sources. non-credit. ROE is 31%, highest in the industry. Also in the first quarter, Ho Chi Minh City Development Joint Stock Commercial Bank – HDBank (HDB) of billionaire female billionaire Nguyen Thi Phuong Thao recorded pre-tax profit of over 2.1 trillion dong, up 88% year-on-year. . During this year’s congress season, many banks have set out very impressive profit growth plans. Tien Phong Commercial Joint Stock Bank (TPBank) of Mr. Do Minh Phu is expected to grow 32% of its profit before tax this year compared to 2020, equivalent to about VND 5,800 billion. Saigon Hanoi Commercial Joint Stock Bank (SHB) of Mr. Do Quang Hien approved the highest 2021 profit plan to increase 88% to 6,100 billion if the bank completes raising capital in the third quarter. Viet Capital Commercial Joint Stock Bank – Viet Capital Bank (BVB) aims to grow 44% of its profit in 2021 thanks to its strategy of promoting retail sales, increasing bad debt collection, expanding network of operations … On the stock market, bank shares have risen sharply. From the beginning of this year to the end of the third week of April 2021, many Vietnamese banking stocks have had a very high growth rate of over 50%. The average increase in the banking sector’s share price was 15%, higher than the 10% increase in the number of VN-Index. The dominance of bank share prices is driving the entire stock market. It is forecasted that the profit of listed banks will grow 25-30% this year will be the main driving force to make bank shares more exciting. On the stock market (stock market), the VN-Index recovered to close to the threshold of 1,250 points. Closing the session on April 23, the VN-Index increased by 20.71 points to 1,248.53 points; The HNX-Index fell 3.4 points to 283,634 points. Upcom-Index increased 0.65 points to 80.4 points. Liquidity reached 23.3 trillion VND.

Mr. Minh affirmed that Sacombank and LienVietPostBank are currently two completely independent banks with no contact with each other. Mr. Minh said that he now dedicates all his love and enthusiasm to Sacombank because this is the bank associated with his interests at the moment. At the meeting, Mr. Minh also shared with his desire to receive dividends from many Sacombank shareholders soon. Mrs. Kim Cuc (70 years old) said she had invested in Sacombank for decades and had the greatest desire to receive dividends. Mrs. Cuc said that the bank’s leaders during the restructuring period drove Sacombank to achieve good business results, bringing joy to shareholders, but if the dividend is paid, “the more fun”. “I myself also want to be paid dividends. Sacombank’s stock price is currently good. But if we are restructuring, we must follow the roadmap of the State Bank. Dividend distribution must wait for successful restructuring ”, Mr. Minh answered to shareholders. Mr. Minh reiterated his promise when accepting the task of restructuring Sacombank, the Board of Directors committed to try to succeed after 5 years. After the restructuring is successful, the bank will return to its normal state, and will be entitled to pay dividends. Chairman of Sacombank expects that by 2022 or early 2023, dividends can be distributed to shareholders. Another issue is that the strategic shareholder participation in Sacombank, which is of interest to investors, is also briefly answered by Mr. Minh that can only be discussed after the restructuring is successful, reporting to the State Bank. “Successful restructuring takes into account dividends and strategic shareholders. The Board of Directors is trying its best, uniting with the management board and Sacombank’s staff to successfully restructure in 5 years as promised when receiving the tasks. Up to now, I affirm that Sacombank has regained its position in the banking and financial market, operating stably and strongly developing ”, Mr. Minh emphasized. Currently, 32% of Sacombank’s shares are collateral assets under the management of VAMC. Chairman of Sacombank said that according to the restructuring plan, the bank must consult the Prime Minister to implement the plan of auction of shares. this part. Expected price includes the original price plus interest about 33,000-34,000 VND. Mr. Minh said that these shares may have to wait until 2022 to resolve. Chairman of the Board of Directors of VAMC Nguyen Tien Dong assessed that if the auction is successful for these Sacombank shares, the bank will have more investors with “fresh money, real grain” to participate and the business will be more active. Regarding the business situation in the first quarter, Sacombank General Director Nguyen Duc Thach Diem said that the first 3 months’ profit reached 25% of the plan of pre-tax profit of 4,000 billion VND in 2021. The credit balance in the first quarter increased by 5.8 %, capital mobilization increased 3%. In the first 4 months of the year, the bank successfully handled 2,280 billion dong of bad debt.

Fleeceware is a term used to refer to applications that trick users into trying it out for free within 3-7 days, after which time the application will automatically register (pay a fee) and charge the credit card. Many people believe that uninstalling the app before the trial period expires will not be charged, but this is completely wrong. In order not to be charged from the card, you need to unsubscribe from the app. However, many developers have intentionally failed to inform users about this. According to Avast statistics, 204 Fleeceware applications have been downloaded more than 1 billion times, earning $ 400 million in revenue through the App Store and Google Play. The purpose of these applications is to get users to try it for free for 3-7 days, after which time the app will automatically register (paid) for sometimes up to $ 3,432 / year. . To limit the loss of money, you just need to disable purchases on the App Store by going to Settings (settings) – Screen Time (time use) – Turn on Screen Time (turn on time usage) – Continue – Content & Privacy Restrictions (restrictions enabled). How to enable screen time feature on iPhone. Photo: MINH HOANG Next, users need to enable the Content & Privacy Restrictions option – iTunes & App Store Purchases – In-app Purchases (in-app purchases), then set it to Don’t allow. Turn off purchases on the App Store. Photo: MINH HOANG From now on, every time a child or Fleeceware apps automatically subscribe to a premium, the iPhone will immediately show In-app purchases are not allowed. To increase security, you should set a time passcode by going to Settings (settings) – Screen Time (usage time) – Use Screen Time Passcode (use time passcode), next According to the user just set a passcode (different from the iPhone passcode). Finally, the iPhone will ask you to enter the Apple ID used to recover the passcode if you forget it.

Send a petition to Ho Chi Minh City Women’s Newspaper, Ms. TBC – in Thu Dau Mot city, Binh Duong province – said that she had just been stolen by an object, appropriated more than 58 million dong in credit card. Ms. C. said, on March 2, she saw the phone displaying a message “unable to call”. The next day, she went to VNPT Binh Duong Business Center to check and rebuild a new sim, but the staff said that the sim card was not damaged, it was still working in two directions; “Cannot call” may be caused by phone malfunction. A fake message on the network operator calling for users to upgrade to a 4G sim. Phone subscribers need to be very wary of this kind of message – Photo: Provided by Competition and Consumer Protection Department On March 4, she asked to renew a new sim and a new one to work properly (listen, call). On March 12, when she accidentally read an article about the theft of money from her credit card, she immediately logged into her Fe Credit credit card account to check, and discovered that the money in the account was completely withdrawn in the form of purchase payment. Suspecting that her sim information was leaked during the sim remake process, Ms. H. came to complain at VNPT Binh Duong Business Center, just learned on March 2, there was a transaction to replace her sim card in Ho Chi Minh City. “I live in Binh Duong, have never made a transaction to replace my sim card in Ho Chi Minh City. VNPT Binh Duong Business Center also confirmed to only perform one SIM replacement transaction in Binh Duong. Thus, there is a fraudster who falsified my papers to perform a sim replacement transaction in Ho Chi Minh City and then appropriated property “- Ms. C. said. Not long ago, Dang Thanh Hai – in Ho Chi Minh City, the owner of a Viettel subscriber – suddenly blocked his mobile phone number, then was withdrawn 30 million dong from his bank account. Mr. Vu Minh Nhat – in Hanoi, the owner of a Mobifone subscriber – also had his sim stolen and then hacked into his bank account, losing 74.8 million dong via online payment. In the above two cases, the fraudster used a notarized copy of the identity card (ID card), went to the phone store (also the agent of the network operator) to register the procedure. In the case of Mr. Hai, the employee does not compare the copy of ID card with the original ID card; In the case of Nhat, the staff did not see the original ID card, nor did they require the latest contacts to verify. Recently, Thanh Hoa City Police, Thanh Hoa Province prosecuted seven subjects for counterfeiting ID cards according to customer information and then pasted their photos, to transaction points of network operators such as Viettel, Vinaphone to report the loss of their sim cards. suggest to redo the sim with the old number After being granted phone numbers from the carriers, the subjects used fake IDs and stolen phone numbers to make unsecured loan contracts from Fe Credit with loans from 20-70 million VND, appropriating a total of 500 million dong. The network operator can not be indifferent In the case of Ms. TBC, the representative of Vinaphone’s mobile phone network admitted, Vinaphone staff made a mistake in the process. Rather, in order to be reissued (in case of no sim), the subscriber must present his ID card, fill out an application form to reissue the sim, provide five outgoing and five dialed phone numbers. come. But the transaction staff in Ho Chi Minh City did not ask the replacement sim (the fraudster) to present ID card, just provide five phone numbers to call out and call. As a result, the fraudster easily obtained the sim of Mrs. C. and then appropriated more than 58 million dong in the credit card. Why does the fraudster know the five dialed and dialed numbers of the sim owner? According to Mr. Vo Do Thang – Director of Athens International Security and Network Management Training Center – the crook can use many of his own sims to phone, send text messages to the subscriber owner to call back and easily get the list. these calls. The situation of sim theft is happening more and more, but the network operators have not changed the sim re-issuance process as well as require transaction staff to be more cautious in re-issuing the sim, in order to ensure safety for customers. According to Mr. Vo Do Thang, the easy re-issuance of sim cards has created a gap for the fraudster who steals the sim. Employees often check for passport or not check, while counterfeiting ID is not difficult; Furthermore, they also have no inspection skills so it is difficult to detect tampering. “If the network operator takes one more step, such as issuing a password when issuing the sim for the first time, there is a secret question that only the subscriber knows, using artificial intelligence to detect the sim owner’s face … Having forged papers, it is not possible to steal the sim card ”- Mr. Vo Do Thang proposed. The representative of Vinaphone added that this company had collected information related to the theft of Ms. C.’s sim and transferred it to the police station to assist the victim. According to FeCredit Finance Company, because Mrs. C. was not at fault in this case, she is not responsible for the lost credit card amount. Why do I lose money in credit card when I lose my sim card? Most of the victims in the sim lost cases are stolen money by fraudsters by making online payments. Three factors are required to pay for online purchases: First, a mobile phone number – the credit card holder must register this number with the bank to authenticate transactions and receive bank notices. Second is the card number (the serial number printed on the front of the credit card). Third is the OTP authentication code (one-time password) sent via registered phone number with the bank. According to Mr. Vo Do Thang, the victim’s credit card number has been stolen by the fraud before, the sim theft is just the last step to steal money. After the sim is stolen, the fraudster will take the victim’s credit card number to pay online, then use the sim to receive the OTP code. Therefore, not everyone who loses their sim card will lose money in their credit card, in their bank account, only when they have revealed their credit card or account information before that the fraudster can steal the money. The victim’s credit card information may be exposed during previous online transactions by entering fraudulent websites, being infected with malicious code on the phone to steal card information or possibly due to The credit institution does not guarantee security. According to Mr. Vo Do Thang, criminals just need to steal credit card information, steal sim cards, and get OTP codes to steal money in the victim’s account shows that it is a great risk. Online payment processes of most credit institutions are still lax. “In this situation, the most important card users need to closely protect their card and account information, to avoid providing it to strangers. Absolutely do not visit strange websites or open attachments that are sent to unknown origin to avoid being installed with malicious code. Should be equipped with anti-virus software, anti-software with self-copy function (Trojan), keyboard manipulation monitoring programs (Keylogger), equipped with firewall protection … (According to Women HCMC)

At the General Meeting of Shareholders in 2021, the leader of VietinBank said, continuing to solve difficulties for businesses affected by natural disasters, epidemic COVID-19.

The results are positive

Information from the State Bank showed that: The credit flow is mainly focusing on production areas, priority areas, for example credit growth in agriculture, forestry and fisheries reached 2.42%; industry 3.04% … Credit in securities in the first quarter of 2021 reached VND 45,300 billion, down 1% compared to the end of 2020; credit in real estate reached 1.85 million billion, up 3%.

Credit growth is also evident in the business results of some banks. At the 2021 Annual General Meeting of Shareholders (AGM) of VietinBank that took place on the morning of April 16, Mr. Le Duc Tho – Member of the Party Central Committee, Chairman of VietinBank’s Board of Directors said: Quarter I / 2021, the safety and operational efficiency indicators of VietinBank are much better than the same period last year, of which the main operating income categories all grew by over 25% over the same period last year. 2020, operating costs will be managed effectively, cost-to-income (CIR) ratio will be maintained at a reasonable level; Asset quality is well managed, NPL ratio is managed below 1%.

With credit growth in the first quarter of 2021 reaching 3.69%, Vietcombank continued to lead the credit growth system. Vietcombank is assigned a credit growth limit of 10.5% in 2021. According to Mr. Nghiem Xuan Thanh, Member of the Central Committee of the Party, Chairman of the Board of Directors (BOM) of Vietcombank, the State Bank assigns a high credit target to Vietcombank based on many factors: ability to increase credit; capital is mainly poured into priority areas; low bad debt; Loan to deposit ratio (LDR) of the bank is only 71% while most other banks are over 90%. “With the result of credit increase in the first quarter of 2021, if the State Bank adjusts its growth target, Vietcombank can increase credit by 14% in this year 2021”, said Mr. Nghiem Xuan Thanh.

Representatives of LienVietPost on the morning of April 16 said: In the first quarter of 2021, Lien Viet Post Bank (stock code LPB) had a pre-tax profit of 1.112 billion dong, nearly doubling the same period last year. By the end of March 31, 2021, LienVietPostBank’s total assets reached more than 245,200 billion, an increase of over 20% over the same period last year. Capital mobilization from economic organizations and individuals continued to grow well, reaching nearly 206,300 billion VND. Market 1 outstanding loans reached over VND 183,100 billion, an increase of more than VND 6,100 billion compared to the end of 2020. Notably, the proportion of retail growth in credit growth in the first quarter of 2021 was more than 80%, shows the bank’s consistent orientation towards the retail segment.

On the HoSE stock exchange, stock LPB was in the group of stocks with the highest market price growth in the first quarter of 2021, up nearly 40%, from 12,400 VND / share in the trading session on December 31. / 2020 to 17,350 VND / share in the session on 31/03/2021. And currently reaching the price of nearly 19,000 VND / share. According to the plan on April 29, LienVietPostBank will hold an annual shareholder meeting, it is expected that this year, the bank will set a pre-tax profit target of 3,200 billion dong. Thus, with the results of the first quarter of 2021 reaching VND 1,112 billion, LienVietPostBank has completed about 35% of the profit target in this year’s business plan.

“The COVID-19 epidemic that broke out in some localities across the country continued to negatively impact production and business, especially the accommodation, catering, transportation and tourism industries; the consumption of agricultural products in some localities in epidemic areas has many difficulties …, affecting production and business, revenue and cash flow to repay debts of customers, thereby affecting bank credit activities ” , Mr. Nguyen Tuan Anh, Director of Credit Department for Economic Sectors (SBV).

In the difficult context of the economy, credit institutions (CIs) have implemented solutions to support people and businesses to overcome difficulties caused by the COVID-19 epidemic, by the end of March. / 2021 has restructured the repayment term for nearly 263 thousand customers with outstanding loans of more than VND 353 trillion; interest rate exemption, reduction and reduction for more than 660 thousand customers with outstanding debt balance of over VND 1.27 million. In particular, credit institutions have provided new loans with lower interest rates than before, with accumulated sales from January 23, 2020 up to now reaching over VND 3 million billion to over 452 thousand customers.

Maintain growth, support businesses

According to Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, positive information on the first quarter business index of the banking system is the basis for forecasting credit growth this year will reach about 12%. This number will also be adjusted to suit the actual situation.

According to Dr. Vo Tri Thanh, a member of the National Financial and Monetary Policy Advisory Council, said that at present, the State Bank still operates a credit policy based on the total credit growth, but is flexible in the face of developments. try to both contribute to the economic recovery process but also have to be skillful so as not to cause “break-up” in the macro. “The credit growth rate in recent years has been slower, but the growth rate is not low compared to the previous years. The scale of credit balance / GDP is getting bigger and bigger (currently about 140%), so it is reasonable for the credit control to increase at 12% in 2021. If the economy recovers well, the credit for the whole economy can increase by 11-13% this year and is expected to grow stronger from the second quarter, “said Dr. Can Van Luc, economist. BIDV’s chief forecasted.

“VietinBank continues to proactively implement solutions to balance capital effectively, reduce capital costs to create resources to continue strongly implementing preferential policies, reducing lending interest rates and service fees, maintain the level of lending interest rates and service fees at the lowest and most reasonable level, support and accompany people and businesses affected by the COVID-19 epidemic, ”said Mr. Le Duc Tho.

Outstanding loans of VietinBank in 2021 are expected to grow by 7.5%, complying with the credit limit approved by the State Bank; capital mobilized from economic entities and individuals grew by 8-12%, adjusted in accordance with credit growth, and ensured prudential ratios as prescribed by the State Bank of Vietnam. NPL / credit balance is controlled below 1.5%.

From now to the end of the year, VietinBank continues to grow strongly in business activities, accompanied by dramatic improvements in quality and efficiency; implementing appropriate credit growth solutions while balancing effective capital sources; improving the quality of risk management, quality of growth, effectiveness and efficiency of internal control inspection; accelerating debt collection, handling risks, bad debts, improving asset quality. “Continuing to implement solutions to help remove difficulties for customers affected by natural disasters and epidemics, especially the COVID-19 epidemic under the direction of the Government and the State Bank of Vietnam,” said Mr. Le Duc Tho. .

Mr. Nguyen Hoang Duong – Deputy Director of Finance Department of Banks and Financial Institutions (Ministry of Finance) gave opening speech at the conference. Photo Do Doan

April 16 in the city. Ho Chi Minh, the Ministry of Finance cooperates with the Asian Development Bank to hold a Conference on Development of credit rating activities in Vietnam. The event is part of a series of conferences of the Ministry of Finance to disseminate, train and provide information to businesses (DN), investors (investors), and participants in the financial market about rating activities. credibility in Vietnam.

Credit rating plays an important role in the development of the financial market in general and the bond market in particular. Through the determination of the credit rating, investors have more information to evaluate the financial ability, solvency of the creditors, of the financial products rated by credit, as well as the risks involved.

Speaking at the opening of the conference, Mr. Nguyen Hoang Duong – Deputy Director of Finance Department of Banks and Financial Institutions (Ministry of Finance) said, to develop credit rating activities in Vietnam, Ministry of Finance submitted to the Government for promulgation Decree No. 88/2014 / ND-CP on credit rating services, which fully regulates the contents of organization, operation, service provision, and information disclosure of the organization. credit rating organization.

Enterprises discuss with international financial experts about credit rating services. Photo: Do ​​Doan

The Securities Law 2019 and guiding documents have specific provisions on cases where enterprises issue bonds to the public must be rated with credit ratings and implementation roadmap, and at the same time encourage businesses to issue bonds. Private corporate bonds (corporate bonds) use this service to enhance the publicity and transparency of the corporate bond market.

“The Ministry of Finance is also studying to associate the regulations on credit rating results with regulations on classification and investment criteria for some particular financial institutions or using credit rating results. when calculating the indicators of capital safety and assets of organizations in the financial market “- Mr. Nguyen Hoang Duong said.

At the conference, experts from the Australian Securities and Investments Commission, international rating organizations S&P, Moody’s and the credit rating agency Fiin of Vietnam presented about the role of the rating agency. credit rating in the financial market, credit rating methods and processes, factors affecting the credit rating of enterprises, the contents to be noted to improve ratings and the impact of results. credit rating results for decisions of investors.

In general, the contents of the conference are intended to provide full information on the development of credit rating activities in Vietnam and to raise market awareness about this activity.

It is known that, according to Decision No. 570 / QD-TTg dated April 17, 2015 of the Prime Minister approving the Plan for development of credit rating services to 2020 and a vision to 2030, the Ministry of Finance will see review and grant certificates of eligibility for business in credit rating services for up to 5 enterprises.

Up to now, 2 Vietnamese enterprises have been granted business eligibility certificates and are providing credit rating services in the market. The Ministry of Finance has also received a request for attention from a number of reputable international credit rating organizations and will consider and appraise it in accordance with the law./.

Head office of LienVietPostBank. (Photo: Vietnam +)

Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank – stock code LPB) achieved a pre-tax profit of VND1,112 billion in the first quarter of 2021, nearly double the same period last year.

This is the quarter with the best business results ever, even exceeding the profit of some previous years of operation of LienVietPostBank.

In addition, by the end of March 31, total assets of LienVietPostBank reached more than 245,200 billion, up over 20% over the same period last year. Capital mobilization from economic organizations and individuals continued to grow well, reaching nearly VND206,300 billion, in addition, outstanding loans from this sector reached over VND 183,100 billion, an increase of more than VND 6,100 billion compared to the end of the year. 2020.

Notably, the proportion of retail growth in credit growth in Q1 reached more than 80%, indicating a consistent orientation of the bank towards the retail segment.

In the insurance segment sold through the banking channel (Bancassurance), LienVietPostBank is among the top commercial banks with the highest sales in the market. Along with the efforts in business and service development, by the end of the first quarter, LienVietPostBank’s net service revenue reached VND 162 billion, an increase of nearly 70% over the same period last year.

On the HOSE, stock LPB is in the group share had the highest market price growth in Q1, up nearly 40%, from 12,400 VND / share in the trading session on 31/12/2020 to 17,350 VND / share in the trading session on 31/3 and now is reaching the price of nearly 19,000 dong / share.

In mid-March, credit rating agency Moody’s upgraded LienVietPostBank’s outlook to “Stable.” This result reflects the bank’s financial capacity, good risk management and long-term development opportunities.

According to the plan, on April 29, LienVietPostBank will hold the Annual General Meeting of Shareholders, it is expected that this year, the bank will set a plan. profit before tax is 3,200 billion. Thus, with the first quarter results reaching 1112 billion, LienVietPostBank has fulfilled about 35% of the profit target in this year’s business plan./.

US President Joe Biden speaks at the White House on April 14. Photo: Rex

Citing the research results of the Pew Research Center, the British newspaper Guardian reported that President Biden has received a credit rating of 59%.

Meanwhile, at the same time, predecessor Donald Trump received only 39% and former President Barack Obama received a 61% credit rating.

With the migration crisis on the southern border acting as an early test of President Biden’s capabilities, the American people perceive this as a very serious problem, even overcoming. COVID-19 translation at the present time.

Previously, in a Pew study in June 2020, 58% of respondents said that the COVID-19 pandemic was at the top of the list of concern. In the latest poll, that number has fallen to 47% as more people vaccinate and states reopen.

Pew interviewed 5,109 adults in the US in April 2021 for this poll. About 72% of participants rated the Biden administration’s vaccine implementation program as good and extremely good. Meanwhile, 67% of the respondents supported the COVID-19 support package and 36% answered “fully support”.

The probe was conducted before Washington announced a suspension of the Johnson & Johnson COVID-19 vaccine.

Overview of the signing ceremony.

According to the cooperation content, NAPAS and VietinBank agreed to develop 2Card dual card products in accordance with the State Bank (SBV) ‘s domestic chip card technical standards in order to simplify the procedures and the delivery process. card issuance for customers, meeting diversified spending and shopping needs of customers, increasing convenience and safety during card usage.

The 2Card dual card is expected to be officially released by VietinBank in the third quarter of 2021.

Speaking at the event, Mr. Dam Hong Tien, Head of Retail Division of VietinBank, said: VietinBank is the pioneer bank cooperating with NAPAS in the development of 2Card dual card product line to bring completely new experiences and difference for domestic cardholders. The 2Card card promises to provide more payment utilities with low cost and outstanding incentives.

And Mr. Nguyen Dang Hung, Deputy General Director of NAPAS emphasized that the 2Card dual card is a unique domestic card line for the first time in Vietnam, applied with the most advanced payment technology and completely owned by Vietnam. own.

2Card dual card in particular and multifunctional and multi-utility payment products in general will make an important contribution to promoting non-cash payment solutions in Vietnam – a major policy of the Government during the period. present paragraph.

The cooperation in the development of 2Card cards continues to affirm the commitment of VietinBank and NAPAS in always taking customers as the center, connecting customers with the bank with innovative, reliable, easy-to-access payment products. , easy to use for everyday life.

Illustration.

As VnEconomy reportedAccording to the latest figures from the State Bank, in the first quarter of 2021, real estate credit has reached 1.85 million billion dong, up 3%. So this number has fully reflected and is the main reason why the real estate market is so hot today?

During the past 3 years, real estate investment credit has always been closely cared and controlled by the State Bank. Therefore, credit growth in this area tends to decrease. In 2020 alone, it will increase by only 11.89%, while the previous two years 2018 and 2019 will increase from 26-28%.

According to the operator’s representative, at the end of 2020 and the first quarter of 2021, real estate credit tends to inch up a bit. However, the growth rate is only equivalent to the overall credit growth of the whole country of 2.93%.

Credit for life has also reached nearly 1.87 million billion, up 1.2% compared to the beginning of the year. In particular, although it is difficult, it is also necessary to evaluate how much consumer credit is poured into real estate.

At the same time, compared to the same period in 2020 when the epidemic causes the real estate credit rate to increase by 1.84%, the above rate may be higher. But compared with the time of the first quarter of 2019 was 5.19% and the previous years, this rate is not higher, even much lower.

If you look at the above statistics, it can be seen that real estate credit is not the main cause of the current “land fever”.

However, when VnEconomy exchanged with an economist, he said that the above figure could not fully assess the credit flow flowing into real estate. Because, credit for life has also reached nearly 1.87 million billion, or 1.2% increase compared to the beginning of the year. In particular, although it is difficult, it is necessary to evaluate how much consumer credit is poured into real estate.

“When surveying a few projects that are selling land plots in the outskirts of Hanoi, I find that the buyers are mainly speculators, they not only buy 1 or 2 plots, but buy the whole range. In addition to existing out-of-pocket money, capital from the bank is indispensable. It is worth mentioning that they are allowed to borrow capital in the form of consumption, but with the amount of up to tens of billion dong, ”said the expert.

Besides, he also said that the real estate market is welcoming many new “players”. They are inherently participating in other industries, but due to the Covid-19 translation, their production and business have stalled. While real estate profit margin skyrocketed, so decided to change direction. In fact, just go online to search for the phrase “encroach on real estate” to be able to identify these new “players”.

“The capital accumulated for many years has been converted to real estate, while the capital for business operations is borrowed from the bank. Thus, this credit flow will be listed on production and business activities, not on real estate. The statistic is just the tip of the iceberg, ”said the expert.

The State Bank is asking credit institutions to inspect and strengthen supervision of regulations on real estate lending conditions, to ensure compliance with regulations, while being able to manage cash flow when loan.

That is an expert opinion, but on the part of the State Bank, Deputy Governor Dao Minh Tu said there are many reasons for the real estate market to overheat in recent years, such as rumors about planning information, the supply is limited while the demand is great, the land price list increases …

In addition, Mr. Tu also noted that real estate loans have two subjects, one is lending to the low-cost housing market segments, social houses or real estate with the nature of consumption. it is still guaranteed to serve the people well.

Second, real estate projects and high-end segments such as villas, resorts … with poor liquidity in the future will be revalued and strictly controlled.

“Real estate credit status higher than overall credit growth only appears in a few credit institutions and mainly focuses on the first object,” said the Deputy Governor.

Over the past years, the State Bank has consistently maintained its management target and has taken many measures to control credit in potentially risky areas, including real estate. For example, the system is implementing a regulation on short-term deposits for medium and long-term loans at 40% and that these loans must apply a risk factor of about 200%.

At the same time, the Deputy Governor also said that the State Bank is asking credit institutions to inspect and strengthen supervision of regulations on real estate lending conditions, to ensure compliance with regulations, in parallel. with that is managing cash flow when lending.

“The most important goal of 2021 when setting a credit growth target of 12% is to focus on the priority and necessary areas. Focusing on key works and projects of the State, as well as prioritizing certain economic sectors, such as exports to support economic growth rates according to the goals set by the National Assembly. Therefore, real estate credit will be tightly controlled and cannot increase hotly ”, Mr. Tu emphasized.