big4 banks sjc sell gold bars directly to customers

Big4 banks, SJC sell gold bars directly to customers

The State Bank of Vietnam (SBV) announced on June 3 that the selling price of SJC-brand is 78.98 million VND (3,108 USD) per tael.
experts tackle nations sustainable reporting

Experts tackle nation’s sustainable reporting

International organisations and associations are working with banks to arrange green finance for the business community, including agriculture, and simultaneously support them to access these crucial capital resources.
measures taken to stabilise foreign exchange market sbv governor

Measures taken to stabilise foreign exchange market: SBV Governor

Hanoi - Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong on May 29 said that the central bank is closely following market moves and implementing measures to stabilse exchange rates and foreign exchange market as the Government has directed.
mb recognised as best fx bank in vietnam by the asian banker

MB recognised as Best FX Bank in Vietnam by The Asian Banker

Military Commercial Joint-Stock Bank (MB) was honoured to receive the Best FX Bank in Vietnam award at the Business Achievement Awards ceremony held in Hong Kong by The Asian Banker on May 23.
cashless payment develops rapidly in vietnam

Cashless payment develops rapidly in Vietnam

Non-cash payments continue to grow rapidly in Việt Nam, requiring a focus on ensuring payment security, a representative of the State Bank of Việt Nam said at a press conference on Cashless Day 2024 held in Ho Chi Minh City on May 28.
vbsp creating equal opportunities for poverty stricken families

VBSP creating equal opportunities for poverty-stricken families

Along with economic growth, the government is paying attention to poverty reduction and creates equal opportunities for the poor and disadvantaged people to access resources, including policy credit. Among them, Vietnam Bank for Social Policies (VBSP) has made efforts to increase such people's access to policy credit to improve their lives.
lending strategies playing part in casa fluctuations

Lending strategies playing part in CASA fluctuations

A higher current account saving account ratio indicates that a bank has more related deposits. Banking consultant Le Hoai An spoke with VIR’s Hong Dung about the assessment of ratio fluctuations for 2024 in Vietnam thus far.
digital innovation a top goal for banking

Digital innovation a top goal for banking

Vietnam’s digital transformation is being accelerated on the back of the supporting policies and market demands. Kalidas Ghose, chairman of UNOBank, discussed with VIR’s Bich Thuy how innovation in banking solutions can promote digital transformation.
credit card market rising alongside alternative habits

Credit card market rising alongside alternative habits

Vietnam’s domestic credit card market has significant growth potential, and promoting further it will require preferential transaction fees, expanding card usage ecosystems, and enhancing electronic payment security measures.
banks struggle to increase casa ratio amid low credit growth

Banks struggle to increase CASA ratio amid low credit growth

The current account savings account (CASA) ratio witnessed a significant decline in the first three months of this year, prompting banks to almost unanimously adopt technology policies and 'zero fee' initiatives to attract new customers.
mobilising efficient capital for biodiversity positive economy

Mobilising efficient capital for biodiversity-positive economy

Biodiversity loss affects every single aspect of life, including economic activities and the financial system. This is because many economic and financial activities depend on ecosystem services which are threatened due to the unprecedented global biodiversity loss, according to a trailblazing report published by the World Bank in 2023 which investigated the biodiversity risks of the banking systems in 20 emerging markets.
eleven bidders win may 23 gold auction

Eleven bidders win May 23 gold auction

Eleven bidders bought 13,400 out of the 16,800 taels of SJC-branded gold bullion that the State Bank of Vietnam (SBV) offered for sale at an auction held on May 23.
hdbank releases 2024 sustainable development report

HDBank releases 2024 Sustainable Development Report

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) published its 2024 Sustainable Development Report on May 23, the first of its kind in the banking sector.
ifc fully divests from abbank

IFC fully divests from ABBank

International Finance Corporation (IFC), a member of the World Bank Group, has sold 84.8 million shares or an 8.2 per cent stake in ABBank, according to a planned divestment roadmap.
how to best navigate the esg challenges in banking

How to best navigate the ESG challenges in banking

Environmental, social, and governance (ESG) considerations have become increasingly integral to investing and corporate strategies across industries, especially the financial sector.