Thailand's SCB poised to acquire Home Credit Vietnam

Thailand's SCB poised to acquire Home Credit Vietnam

SCB X Pcl, the largest bank in Thailand based on market value, is nearing an agreement to acquire Home Credit's Vietnamese operations.
Lending interest rates continue on downward trend

Lending interest rates continue on downward trend

Commercial banks have reduced lending rates in favour of business and production activities, but borrowing remains low.
Stock market appeal efforts now underway

Stock market appeal efforts now underway

Vietnam’s push to upgrade its stock market this year hinges on overcoming significant regulatory and technological hurdles to align with global standards.
VIB drives digital banking innovation with Temenos’ latest version of banking platform powered by AWS

VIB drives digital banking innovation with Temenos’ latest version of banking platform powered by AWS

Vietnam International Bank (VIB) is delighted to announce the implementation of the Temenos Core Banking solution on cloud this week in collaboration with Amazon Web Services (AWS) and ITSS.
SBV injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
Citi recognised for landmark Vietnamese M&A deal

Citi recognised for landmark Vietnamese M&A deal

Citi has been recognised at the Asset Magazine awards for its landmark M&A deal in the Vietnamese healthcare sector last year.
Basel III and its implications for banks in Vietnam

Basel III and its implications for banks in Vietnam

EY Consulting Vietnam delves into notable updates of Basel III compared to Basel II and its impacts on bank operations.
HSBC reports 'record profit' of $30.3 bn in 2023

HSBC reports 'record profit' of $30.3 bn in 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.
Malaysia's Public Bank Vietnam to take over RHB Securities Vietnam

Malaysia's Public Bank Vietnam to take over RHB Securities Vietnam

Public Bank Vietnam Limited (PBVN), a wholly-owned subsidiary of Malaysia's Public Bank Berhad (PBB), is acquiring an entire stake in RHB Securities Vietnam Company (RHBSVN) for about $15.2 million.
Vietnam Stock Exchange’s revenue down nearly 44 pc in 2023

Vietnam Stock Exchange’s revenue down nearly 44 pc in 2023

The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44 per cent compared to the previous year.
Australia's ANZ, Suncorp overcome objection to major merger

Australia's ANZ, Suncorp overcome objection to major merger

Australia's ANZ and Suncorp banks jumped a big hurdle in their proposed US$3.2 billion merger Tuesday, as a tribunal overrode a consumer watchdog's concerns.
US announces acceptance period for Vietnamese firms’ requests for antidumping duty administrative review

US announces acceptance period for Vietnamese firms’ requests for antidumping duty administrative review

The US Department of Commerce (DOC) has issued a notice regarding the acceptance period for requests for antidumping and countervailing duty administrative reviews regarding certain imported products from Vietnam, according to the Trade Remedies Authority of Vietnam.
Gold price decreases on God of Wealth Day

Gold price decreases on God of Wealth Day

Domestic gold price decreased by 150,000 VND (6.1 USD) per tael (37.5 grams) at the beginning of trading on February 19 - God of Wealth Day (the tenth day of the first lunar month) compared to the price at the end of February 18, with many fluctuations expected on the market during the day.
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