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Remittances steady as lenders apply fresh transfer services
14-10-2021 11:58
Remittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping its policy steady for now.
Excitement sustained in M&A possibilities
14-10-2021 10:00
Over the past 20 years, Vietnam has seen over 4,000 merger and acquisition deals conducted in the country, with an aggregated value of $50 billion, securing third position in ASEAN.
Lenders energise foreign-owned power projects
14-10-2021 09:47
A handful of local and foreign banks are leveraging their insights and optimising financial resources to promote energy and power transition in Vietnam, thus contributing to the country’s sustainable national energy policy.
GE Renewable Energy launches the operation of 14MW Haliade-X prototype
12-10-2021 12:09
Part of global industrial giant GE, GE Renewable Energy has recently announced that its Haliade-X prototype in Rotterdam, a port city in the Netherlands, has started operating at 14MW. With this new milestone, GE Renewable Energy becomes the first industry player to operate a turbine at this power output.
MB named among Best Companies to Work for in Asia 2021 by HR Asia
08-10-2021 16:53
On October 8, Military Commercial Joint Stock Bank (MB) was awarded the Best Companies to Work for in Asia 2021 title by HR Asia at its first time participating in the awards.
Techcombank and MB to facilitate syndicated loan package for Nhon Trach 3 and 4
08-10-2021 13:51
Techcombank and MB have just announced they would facilitate a $1.4 billion syndicated loan package for the Nhon Trach 3 and 4 liquefied natural gas (LNG) projects, which are backed by state-owned PetroVietnam Power Corporation (PV Power).
Govt' to consider zero-interest loans for all airlines
07-10-2021 23:05
The Government Office has instructed the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Transport and the State Bank of Vietnam to study a proposal by the Vietnam Aviation Business Association (VABA), in which the airline industry is to gain access to 25 trillion VND (over 1.1 billion USD) of zero-interest loans.
Techcombank and Manulife Vietnam strengthen bancassurance partnership
07-10-2021 18:08
As top players in their field, Techcombank and Manulife Vietnam Limited have reaffirmed their bancassurance partnership to capture new opportunities.
Mobilising venture capital for private sector
07-10-2021 17:49
The Asian Development Bank (ADB) and the Ministry of Planning and Investment (MPI) have launched the “ADB Ventures supporting impact startups” project today, which is expected to release venture capital for the private sector of Vietnam.
Investors cautioned over bond issuance vulnerabilities
07-10-2021 14:00
Credit-challenged companies, especially banks and real estate providers, are finding another way around their continuous capital needs by tapping into the corporate bond issuance market, which remains particularly vulnerable to economic downturns and incomplete legal frameworks in Vietnam.
SeABank raises charter capital to nearly $590 million
06-10-2021 10:48
Following the approval of the State Bank of Vietnam, SeABank has increased its charter capital from $531 million to nearly $590 million by paying dividend in shares and issuing shares to employees under the Employee Stock Option Program.
Asia-Pacific markets leap forward in digital banking innovation and adoption
06-10-2021 00:25
As consumer use of digital banking accelerates in the Asia-Pacific, the region’s emerging markets have become the hub of banking innovation for digital business models, according to McKinsey.
Three strategies for incumbent banks to jump aboard digital lending
05-10-2021 19:30
Building a new lending product from scratch, buying a pre-built digital lending platform, or partnering with fintech startups are the three most viable routes for traditional banks to jump into digital lending, according to KMS Solutions, Mambu, and Kuliza, the world-leading providers of digital banking solutions.
VIB and Microsoft form strategic partnership to boost service speed and innovation
04-10-2021 10:13
Hanoi-based commercial lender Vietnam International Bank (VIB) and US-backed tech firm Microsoft Vietnam have just announced a 3-year strategic partnership to leverage Microsoft Azure as the preferred cloud platform to accelerate the pace of innovation and create valuable new services to meet the present and future banking needs of customers.
Digital demand leads to German presence
03-10-2021 10:00
German financial institutions and digitally-led banking platforms are doubling down on their efforts to stand in the good stead of Vietnam’s market, following various endeavours the two countries have upheld since its strategic partnership began.
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