VinFast seeks $250 million loan from Indonesian banks for Subang Assembly plant

VinFast seeks $250 million loan from Indonesian banks for Subang Assembly plant

VinFast is seeking a loan of approximately $250 million from Indonesian banks to construct an assembly plant in Subang.
Liberty Insurance reaffirms pioneering position as International General Insurer of the Year

Liberty Insurance reaffirms pioneering position as International General Insurer of the Year

Liberty Insurance Co., Ltd. won the International General Insurer of the Year at the Insurance Asia Awards (IAA) 2024 ceremony held in Singapore.
Vietnam sees fastest growth in millionaires globally

Vietnam sees fastest growth in millionaires globally

Vietnam saw a 98 per cent increase in the number of millionaires from 2013 to 2023.
Banks continuing to plan cautious growth

Banks continuing to plan cautious growth

Vietnamese banks are significantly increasing their charter capital to strengthen financial stability and support growth.
Lenders stress importance of biometric measures

Lenders stress importance of biometric measures

The Vietnamese banking sector’s implementation of biometric verification for transactions has significantly enhanced payment safety and fraud prevention, despite initial technical challenges and substantial resource requirements.
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.
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