Vietnam's cashback spending to reach $4.07 billion by 2029
By Thanh Van
October 18, 2024 | 11:44
Cashback spending in Vietnam is forecast to increase from $1.8 billion in 2023 to $4.07 billion by 2029, according to a report released by Research and Markets.
Vietcombank and MBBank to acquire Construction Bank and Ocean Bank
By Thanh Van
October 18, 2024 | 11:37
The State Bank of Vietnam (SBV) announced a decision for the mandatory transfer of CBBank and Ocean Bank to Vietcombank and MBBank, respectively, on October 17.
VIB launches Card Design On Demand powered by GenAI technology
By Vy Bui
October 18, 2024 | 11:35
VIB announced on October 18 the official launch of its Card Design On Demand, powered by Generative AI technology from Fiza x Zalo AI.
VIB becomes first bank to launch online credit card issuance via VNeID
By Thanh Van
October 18, 2024 | 09:37
VIB has become the first bank to utilise information from an electronic identification and authentication system (VNeID) to issue credit cards online.
VAA officially implements International Financial Reporting Standards
By Thanh Van
October 17, 2024 | 17:20
The VAA, PwC Vietnam, and the Institute of Chartered Accountants in England and Wales have signed a cooperation agreement on the implementation on international reporting standards.
Citi anticipates stronger recovery for Vietnam despite typhoon disruption
By Huong Thuy
October 17, 2024 | 10:14
Citi has revised Vietnam’s GDP growth forecast after surprisingly strong third-quarter growth.
Capital injection accelerated into Vietnam’s economy
By Hazy Tran
October 16, 2024 | 14:56
The decline in the exchange rate has given the State Bank of Vietnam more room to ease monetary policy, injecting capital into the economy to meet the credit growth target, stimulate domestic investment, and aid post-typhoon recovery.
Credit growth cap strategy on the cards
By Lam Tien
October 16, 2024 | 14:52
The State Bank of Vietnam last week signalled its ambition to explore a roadmap to lift credit growth caps, potentially allowing commercial banks greater flexibility in their lending activities.
Foreign investors could make stock comeback in Q4
By Vy Vy
October 16, 2024 | 14:40
The stock market is poised for a strong breakout in the final quarter, driven by a favourable macroeconomic landscape, promising Q3 earnings, low interest rates, and growing interest from foreign investors.
Acquisitions to help boost restructuring of weak banks
By Luu Huong
October 16, 2024 | 14:29
Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
Vinhomes finalises timeline for Vietnam’s largest treasury share buyback
By Hazy Tran
October 16, 2024 | 13:51
Vinhomes has announced a timeframe to repurchase 370 million treasury shares, marking the largest share buyback in Vietnam's stock market if successful.
Techcombank to launch new non-life insurance company
By Luu Huong
October 15, 2024 | 16:13
Techcom Non-Life Insurance Joint Stock Company (TCGIns) has received approval from the Ministry of Finance and is scheduled to begin operations in November.
$5.5 billion remittance flows to Ho Chi Minh City in first nine months
By Thanh Van
October 14, 2024 | 14:52
Remittances to Ho Chi Minh City reached $5.5 billion in the first nine months of 2024.
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