Exchange rate remains 2024 theme

Exchange rate remains 2024 theme

A surge in Vietnam’s exchange rate has posed challenges for businesses due to rising input costs and currency fluctuations.
Vietcombank preparing to sell 6.5 per cent stake to Mizuho and other shareholders

Vietcombank preparing to sell 6.5 per cent stake to Mizuho and other shareholders

Vietcombank will sell 6.5 a slice of its charter capital to strategic shareholders.
Understanding bank profit trends and cost structures

Understanding bank profit trends and cost structures

Credit growth has been sluggish in the first six months compared to the State Bank of Vietnam’s target, and there was a strong correlation between credit growth and bank profitability.
Block B gas field development project obtains $832 million in Japanese loans

Block B gas field development project obtains $832 million in Japanese loans

JBIC and private lenders will provide loans of $832 million for the Block B gas field project.
Confidence reaching significant levels for medium-term economic prospects

Confidence reaching significant levels for medium-term economic prospects

Dr. José Viñals, group chairman of Standard Chartered, talked to VIR about the optimistic economic outlook for Asia and Vietnam, and Standard Chartered’s contribution in supporting Vietnam’s growth.
6 per cent growth in GDP achievable, says Shinhan expert

6 per cent growth in GDP achievable, says Shinhan expert

Bui Thi Thao Ly, head of Research at Shinhan Securities Vietnam, discussed the prospects for an improved stock market performance for the rest of 2024.
European markets edge up after snap French election

European markets edge up after snap French election

European stock markets edged up on Monday after early losses as investors digested snap French elections in which a hung parliament appeared the likeliest outcome.
VIB first bank in Vietnam to deploy AWS Skill Builder to enhance cloud computing capabilities

VIB first bank in Vietnam to deploy AWS Skill Builder to enhance cloud computing capabilities

Vietnam International Bank (VIB) has announced it has integrated Amazon Web Services (AWS) Skill Builder into its cloud computing training programme.
Denmark accuses bank of laundering 3.5 bn euros for Russians

Denmark accuses bank of laundering 3.5 bn euros for Russians

Denmark has charged the Nordic bank Nordea with laundering 3.5 billion euros ($3.8 billion) for Russian clients, the country's financial prosecutors said Friday.
State budget balance needed following VAT decision

State budget balance needed following VAT decision

Businesses in Vietnam will continue to enjoy an 8 per cent VAT rate until the year’s end following an extension to the rate cut, which will cause a decrease in state budget revenues.
Nearly 29.5 trillion VND worth of G-bonds raised in June

Nearly 29.5 trillion VND worth of G-bonds raised in June

The Hanoi Stock Exchange (HNX) held 18 auctions of government bonds in June, raising nearly 29.5 trillion VND (over 1.15 billion USD) in June.
Impacts of delayed interest rate ease

Impacts of delayed interest rate ease

There is a potential delay in interest rate cuts until November due to strong economic indicators, while Asia’s bond markets, particularly in credit and environmental sectors, are poised for robust performance and growth this year.
Lower lending rates stimulating demand for home loans

Lower lending rates stimulating demand for home loans

Banks competing over new lending rates under 6 per cent per year have stimulated a resurgence in demand for housing credit.
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