01-11-2016 14:46
ANZ recently announced it would strengthen its focus on running a world class Institutional Bank in a number of countries in Asia following an agreement to sell its Retail and Wealth business units in Singapore, Hong Kong, China, Taiwan and Indonesia to Singapore’s DBS Bank.
31-10-2016 20:00
Sound measures to tackle the country’s mounting bad debts are available, and all it takes is having the guts to employ them, in an effort to systematically solve such issues for the sake of society and the economy.
26-10-2016 15:05
For the first time, Moody’s Investors Service has assigned long-term local and foreign currency deposit and issuer ratings of B2 to Hanoi-based Tien Phong Commercial Joint Stock Bank (TPBank), with an outlook of stable long-term ratings.
22-10-2016 18:00
Hanoi-based BIDV announced positive financial results for the first nine months up to September and a 2015 dividend payout ratio of 8.5 per cent.
10-10-2016 15:17
Leading global bank Citi and Southeast Asia’s online trading platform Lazada Group have come up with a new partnership focusing on serving the grand Southeast Asia markets, with region-wide promotions that will benefit the lender’s cardholders.
07-10-2016 17:00
German banks are keeping watch on the developing economic relations between Vietnam and Germany, in advance of European investments set to pour into the country when the Vietnam-EU Free Trade Agreement (FTA) takes effect.
12-09-2016 16:16
Making an entrance into the Vietnamese banking landscape as representative offices, then moving up the ladder to become branches and 100 per cent foreign-owned units when the right time came and regulations allowed, Japanese and Korean financial institutions are taking careful steps to strengthen their footholds in the country. Not only do they want to cater to their home-based institutional clients, but also to the 90 million possible retail customers living in Vietnam. Trang Nguyen reports.
29-08-2016 09:11
World Bank Group member IFC now owns some 5 per cent of Tien Phong Bank’s stakes, to further assist the lender in expanding its loan services to better serve growing Vietnamese businesses.
22-08-2016 14:27
As a senior international banker who has spent years overseeing Vietnam’s economy and financial sector during a period of break-neck development, Dennis Hussey, the Greater Mekong Region head and CEO of ANZ Vietnam, has accumulated a deep understanding of Vietnam’s banking system. He shares his impressions on how the banking sector has evolved from a state of turmoil to its present relative stability, and what the sector should do to take off into bigger markets. Trang Nguyen reports.
13-08-2016 09:00
Although the 2015 creation of the ASEAN Economic Community is paving the way for cross-border and foreign investments in the regional banking sector, it could take several years before Vietnam’s industries notice any development in terms of an eased foreign ownership and an integrated financial market.
25-07-2016 16:18
Global leader in storage tanks and covers, CST Industries, has deepened its footprint in Vietnam via a distribution contract signed with Son Ha Group, choosing the nation as a very sensible destination for the US-based company to invest in a manufacturing site in the near future.
25-07-2016 07:06
The trial of Vietnam Construction Bank’s former chairman Pham Cong Danh and 35 co-defendants kicked off last Tuesday, with a preliminary hearing on allegations of fraud that cost bank creditors over VND9.1 trillion ($417 million) over three years.
18-07-2016 20:30
Cash management solutions offered by banks can go the extra mile to help businesses manage costs, growth and profitability, not only in the domestic market but also with cross-border operations. ANZ (Vietnam) head of Transaction Banking Aseem Goyal shares with VIR’s Trang Nguyen the bank’s achievements in trade finance and cash management, and how ANZ has effectively assisted corporate clients to manage their financial objectives.
27-06-2016 10:39
Vietnam’s economy as well as its currency is unlikely to be adversely affected by the UK’s decision to opt out of the European Union.
23-06-2016 09:42
ANZ has been singled out for its product innovation in the “The Innovators” special June edition of Global Finance magazine.