VPBank acquires 97.42 per cent of ASC Securities
By Nhat Minh
January 14, 2022 | 17:33
By purchasing ASC Securities, Hanoi-based lender VPBank targets to grab a bigger slice of Vietnam's burgeoning stock sector.
Agribank and FWD Vietnam enter bancassurance partnership
By Anh Duc
January 14, 2022 | 17:00
The Vietnam Bank for Agriculture and Rural Development and FWD Vietnam Life Insurance Co., Ltd. have launched a new bancassurance partnership on January 12, designed to better meet the financial and insurance needs of Vietnamese people.
ADB, TPB sign $25 million loan to finance women-led SMEs in Vietnam
January 14, 2022 | 16:13
The Asian Development Bank (ADB) signed a US$25 million loan with Tien Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and led small and medium-sized enterprises (WSMEs) in Vietnam.
The stock market sets new record on billion dollars of capital inflow
January 14, 2022 | 16:04
The Vietnamese stock market continued to reach another historic record, with the largest number of new accounts opened in December after 21 years of operation.
Citi agrees to sell consumer segment in the region to UOB Group
By Nguyen Huong
January 14, 2022 | 11:46
Citi agrees to sell consumer segment, including its retail banking and credit card businesses, but excluding the bank’s institutional businesses in four countries.
Dorsey fintech firm Block wants bitcoin mining for all
January 14, 2022 | 09:32
Jack Dorsey on Thursday announced that his digital payments firm Block is building a system to make it easier for people to mine bitcoin.
More securities firms go public
By Song Thuy
January 13, 2022 | 17:12
More securities firms are weighing over going on the bourse to best avail of market appeal, as well as replenish their capital sources.
Shares trade higher on the back of bank stocks
January 13, 2022 | 16:41
Shares reversed course to trade higher on Wednesday, strengthened by the strong increase of banking stocks that attracted a huge injection of cash flow.
Finance groups seek funding alternatives
By Lam Tien
January 13, 2022 | 15:00
Besides massive foreign investment in several notable finance-related corporations across Vietnam, public fundraising through major stock exchanges is also a viable alternative for consumer finance companies.
Banks posted healthy profits during last year
By Lien Thuy
January 13, 2022 | 13:25
Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.
Vietcombank could lift its FOL to 35 per cent
By Lam Tien
January 13, 2022 | 13:25
Vietcombank reveals its desire to lift the bank's foreign ownership limit (FOL) to 35 per cent.
Crucial legislative developments in the bond market
By Phan Anh Vu
January 13, 2022 | 12:48
The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.
Exchange-traded funds gain traction from overseas
January 13, 2022 | 12:10
International investors through exchange-traded funds have their sights set on Vietnam’s equity sector, despite some of the country’s major hurdles owing to foreign ownership restrictions and capital outflows due to the tightening monetary stances. Celine Luu reports.
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