anzs operations in vietnam remain unchanged

ANZ’s operations in Vietnam remain unchanged

ANZ recently announced it would strengthen its focus on running a world class Institutional Bank in a number of countries in Asia following an agreement to sell its Retail and Wealth business units in Singapore, Hong Kong, China, Taiwan and Indonesia to Singapore’s DBS Bank.
bad loans still plague banks

Bad loans still plague banks

Sound measures to tackle the country’s mounting bad debts are available, and all it takes is having the guts to employ them, in an effort to systematically solve such issues for the sake of society and the economy.
moodys assigns first time ratings to vietnams tpbank

Moody’s assigns first-time ratings to Vietnam’s TPBank

For the first time, Moody’s Investors Service has  assigned long-term local and foreign currency deposit and issuer ratings of B2 to Hanoi-based Tien Phong Commercial Joint Stock Bank (TPBank), with an outlook of stable long-term ratings.
good year behind bidv

Good year behind BIDV

Hanoi-based BIDV announced positive financial results for the first nine months up to September and a 2015 dividend payout ratio of 8.5 per cent.
citi and lazada announce regional partnership

Citi and Lazada announce regional partnership

Leading global bank Citi and Southeast Asia’s online trading platform Lazada Group have come up with a new partnership focusing on serving the grand Southeast Asia markets, with region-wide promotions that will benefit the lender’s cardholders.
german banks can enable european fta investment

German banks can enable European FTA investment

German banks are keeping watch on the developing economic relations between Vietnam and Germany, in advance of European investments set to pour into the country when the Vietnam-EU Free Trade Agreement (FTA) takes effect.
vietnam market lures foreign banks

Vietnam market lures foreign banks

Making an entrance into the Vietnamese banking landscape as representative offices, then moving up the ladder to become branches and 100 per cent foreign-owned units when the right time came and regulations allowed, Japanese and Korean financial institutions are taking careful steps to strengthen their footholds in the country. Not only do they want to cater to their home-based institutional clients, but also to the 90 million possible retail customers living in Vietnam. Trang Nguyen reports.
ifc commits to vietnam by buying into tpbank

IFC commits to Vietnam by buying into TPBank

World Bank Group member IFC now owns some 5 per cent of Tien Phong Bank’s stakes, to further assist the lender in expanding its loan services to better serve growing Vietnamese businesses.
after rapid expansion banks in vietnam settle into stability

After rapid expansion, banks in Vietnam settle into stability

As a senior international banker who has spent years overseeing Vietnam’s economy and financial sector during a period of break-neck development, Dennis Hussey, the Greater Mekong Region head and CEO of ANZ Vietnam, has accumulated a deep understanding of Vietnam’s banking system. He shares his impressions on how the banking sector has evolved from a state of turmoil to its present relative stability, and what the sector should do to take off into bigger markets. Trang Nguyen reports.
vietnam preps for borderless market

Vietnam preps for borderless market

Although the 2015 creation of the ASEAN Economic Community is paving the way for cross-border and foreign investments in the regional banking sector, it could take several years before Vietnam’s industries notice any development in terms of an eased foreign ownership and an integrated financial market.
no time to waste for cst

No time to waste for CST

Global leader in storage tanks and covers, CST Industries, has deepened its footprint in Vietnam via a distribution contract signed with Son Ha Group, choosing the nation as a very sensible destination for the US-based company to invest in a manufacturing site in the near future.
vietnams largest fraud trial begins

Vietnam’s largest fraud trial begins

The trial of Vietnam Construction Bank’s former chairman Pham Cong Danh and 35 co-defendants kicked off last Tuesday, with a preliminary hearing on allegations of fraud that cost bank creditors over VND9.1 trillion ($417 million) over three years.
anz reshapes local cash management landscape

ANZ reshapes local cash management landscape

Cash management solutions offered by banks can go the extra mile to help businesses manage costs, growth and profitability, not only in the domestic market but also with cross-border operations. ANZ (Vietnam) head of Transaction Banking Aseem Goyal shares with VIR’s Trang Nguyen the bank’s achievements in trade finance and cash management, and how ANZ has effectively assisted corporate clients to manage their financial objectives.
dong insulated from brexit fallout

Dong insulated from Brexit fallout

Vietnam’s economy as well as its currency is unlikely to be adversely affected by the UK’s decision to opt out of the European Union.
anz awarded innovator in transaction services for greater mekong region

ANZ awarded Innovator in Transaction Services for Greater Mekong region

ANZ has been singled out for its product innovation in the “The Innovators” special June edition of Global Finance magazine.