14-06-2017 11:38
Ho Chi Minh City-based Sacombank’s long-term deposit and issuer ratings have been downgraded to Caa1 from B3 by Moody’s Investors Service. Its ratings outlook remains negative.
24-05-2017 20:42
Trade and investment ties between Vietnam and Thailand are now further reinforced as both governments look set to achieve a bilateral trade volume of $20 billion by 2020.
18-05-2017 08:00
Channelling investments from the private sector into green projects – as the government’s budget is overstretched – is what it will take for Vietnam’s development to be greener and more socially, economically, and environmentally sustainable.
21-04-2017 12:19
ANZ Vietnam will be offloading its retail banking arm to Shinhan Vietnam by the end of 2017, to focus primarily on its institutional banking in the country, ANZ Vietnam said in its latest press release.
01-04-2017 16:50
The central bank is gradually introducing a raft of regulations to enforce laws that require local lenders to incorporate environmental and social risk management into their lending criteria.
24-02-2017 16:11
Citi has been named Best Foreign Investment Bank in Vietnam and Best Bank in Asia Pacific for 2016 by leading FinanceAsia Magazine, based on the performance of banks across institutional and retail banking for the past 12 months.
22-02-2017 17:48
Japan’s Sumitomo Mitsui Trust Bank and Vietnam’s BIDV will join hands to expand a joint venture leasing business in Vietnam, according to Sumitomo Mitsui Trust Holdings’ latest press release.
06-02-2017 15:56
Citi corporate clients are now offered an app-based MobilePass to access their accounts and transactions anywhere, anytime, eliminating the hassle of physically carrying a hardware token with them formerly.
30-01-2017 08:00
Going digital has become the tactical approach for many global and domestic banks, driven largely by customer needs, technological advancements, and ambition of regulators. Banking clients now have access to easier, faster, and better banking products and services, equipped with security features that reduce risk and enhance the overall banking experience. Trang Nguyen reports.
25-01-2017 10:08
Vietnam could very well sit back and relax, with total overseas remittance inflows estimated at around $13 billion for 2016, higher than the earlier projection of $11-12 billion – but the stream could slow in 2017.
25-01-2017 10:06
The dong may be devalued by up to 4-5 per cent in 2017, but experts say that such a scenario would not necessarily help the country’s exports or be of significant concern to foreign investment.
13-12-2016 17:25
Boundaries for inter-regional trade in goods have been opened wide since the establishment of the ASEAN Economic Community, but the banking and finance sector has yet to experience this trend.
12-12-2016 09:38
Vietnam is committed to opening the doors to foreign investors and improving market access, and unlocking its foreign exchange hedging market is what the country can consider to do first hand.
12-12-2016 08:00
CIMB Group has made itself more visible in Vietnam through the official launch of its first branch in Hanoi today, which will be followed by another in Ho Chi Minh City next year.
04-11-2016 17:05
ANZ’s client survey has come up with a conclusion that special economic zones are proving successful in attracting investment and production into the Greater Mekong economies.