credit sees steady growth towards year end

Credit sees steady growth towards year-end

Banks witnessed improved credit growth in the third quarter of this year, driven by higher capital demand ahead of the year-end period, contributing to ensuring stable economic development.
banks entice youth with tech advances

Banks entice youth with tech advances

Vietnam’s stock market and fund management fields are on the brink of significant growth, supported by a tech-savvy investor base.
esg represents a shift towards sustainability for banks

ESG represents a shift towards sustainability for banks

At a seminar on environmental, social, and governance (ESG) factors in the banking sector hosted by VIR on November 19, industry experts assessed that banks have performed exceptionally well in governance, while the environmental and social aspects remain challenging.
global organizations can boost their ability to detect high risk transactions more than tenfold through better collaboration research shows

Global organizations can boost their ability to detect high-risk transactions more than tenfold through better collaboration, research shows

Banks and online retailers can significantly improve their ability to capture hard-to-detect high-risk fraudulent transactions through combining shared fraud intelligence into their risk assessments, according to the latest Global State of Fraud Report from LexisNexis® Risk Solutions.
banking on banks to finance the green transition

Banking on banks to finance the green transition

Vietnam’s green goals require huge sums in order for them to succeed. Thomas Jacobs, country manager for Vietnam, Cambodia, and Laos at the International Finance Corporation, looks at capacity-building measures and the hurdles that must be overcome.
rising npls under increased pressure

Rising NPLs under increased pressure

Amid rising non-performing loan ratios, banks face increased pressure to strengthen provisioning and expedite collateral recovery, all while grappling with significant losses from recent events.
tookitakis anti financial crime ecosystem helps banks and fintech fight financial crime

Tookitaki's Anti-financial Crime Ecosystem helps Banks and Fintech Fight Financial Crime

An estimated $2 trillion is laundered globally each year, and new financial crime scenarios are emerging every day. Banks and fintechs, with their current approach of operating in silos, are struggling to keep up.
year end credit growth driven by industrial sector

Year-end credit growth driven by industrial sector

The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.
banks profit picture in q3 creates mixed sentiment

Banks' profit picture in Q3 creates mixed sentiment

Banks are releasing their third-quarter business results, and sentiments have been mixed about their profit picture.
liquidity pressure substantial on vietnams banks

Liquidity pressure “substantial” on Vietnam’s banks

Intense liquidity pressures and surging interest rates are anticipated in the domestic banking sector as the year-end approaches.
remittance fee drop could boost economy

Remittance fee drop could boost economy

Experts have recommended that Vietnamese banks collaborate with foreign institutions to reduce remittance fees, as remittances remain one of the most vital financial sources for the country, especially for Ho Chi Minh City.
credit growth cap strategy on the cards

Credit growth cap strategy on the cards

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.
acquisitions to help boost restructuring of weak banks

Acquisitions to help boost restructuring of weak banks

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.
banks conducting massive bond issuances

Banks conducting massive bond issuances

Besides attracting deposits to meet the heightened credit demand at the end of the year, banks are racing to issue bonds to replenish capital sources.
several banks suspend interest payments for typhoon affected borrowers

Several banks suspend interest payments for typhoon-affected borrowers

Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.