Insurance groups take on legal switch

Insurance groups take on legal switch

Entering 2023, insurance companies are expected to move into a new era as the legal environment for the sector is refined.
Making growth greener

Making growth greener

Completing the legal corridor is one of the important foundations to assist the flow of capital into green economic developments. Dao Minh Tu, Standing Deputy Governor of the State Bank of Vietnam, talked to VIR’s Hong Dung about the importance of green credits to economic recovery.
Students benefit from Visa’s financial literacy initiative

Students benefit from Visa’s financial literacy initiative

A financial literacy programme organised by Visa has provided essential financial education to nearly 8,000 students in Hanoi and Ho Chi Minh City through online and offline training sessions, teaching basic financial knowledge and money management skills.
AI in insurance - The inevitable trend in digital transformation

AI in insurance - The inevitable trend in digital transformation

With digital transformation being an inevitable movement, partnering with insurtech companies is an effective way for insurance companies in Vietnam go faster and smarter in the digital race.
SMBC divests from Eximbank after 15 years

SMBC divests from Eximbank after 15 years

Sumitomo Mitsui Banking Corporation (SMBC) has divested from Vietnam Export Import Commercial Joint Stock Bank (Eximbank) after 15 years of strategic alliance.
Expanded credit probable for January

Expanded credit probable for January

The State Bank of Vietnam (SBV) will likely provide commercial banks with more credit room in January.
Generali launches inspiring community initiatives for year-end holiday season

Generali launches inspiring community initiatives for year-end holiday season

Italian-baked life insurer Generali Vietnam has successfully organised a series of initiatives to support the less fortunate.
Economists cautious on interest rate adjustments

Economists cautious on interest rate adjustments

As Vietnam’s government has raised its inflation target to 4.5 per cent for 2023, policymakers are required to maintain a cautious stance on monetary policy.
Lenders elevate charter capital moves

Lenders elevate charter capital moves

There have been positive signals of increased charter capital activities at commercial banks in recent weeks, especially those with state capital.
Modest bank growth projected this year

Modest bank growth projected this year

Last year saw major changes in the banking industry, with total assets of the commercial bank group growing strongly, and most banks entering the race to diversify services. In 2023, challenges lie ahead in the context of a downturn in the real estate cycle and a less positive outlook for exports.
VN-Index closes the week in green on improved liquidity

VN-Index closes the week in green on improved liquidity

Shares ended the week in the green with the VN-Index rising 0.36 per cent to close Friday at 1,060.17 points.
Banks anticipate upward momentum in 2023

Banks anticipate upward momentum in 2023

Bank profit is anticipated to be stellar in Q4/2022, with the financial announcement season to take place after the Lunar New Year holiday.
Inspiring inward remittances despite challenging 2022

Inspiring inward remittances despite challenging 2022

Vietnam saw stable inward remittance flow until the end of last year despite the global economic recession and spiking inflation around the world.
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