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World Bank lowers Vietnam's 2021 economic growth outlook to 4.8 per cent

25-08-2021 13:17

The latest wave of coronavirus infections continues to drag the Vietnamese economy this year, with the World Bank slashing its 2021 GDP growth forecast to 4.8 per cent from its previous estimate of 6.8 per cent.

COVID-19 threatens Asia-Pacific's progress on SDGs

24-08-2021 12:08

The pandemic is threatening Asia-Pacific’s progress towards the fulfilment of the critical targets under the Sustainable Development Goals (SDGs), according to a new report by the Asian Development Bank (ADB).

300 branches and transaction offices of banks in Ho Chi Minh City temporarily closed due to COVID-19

24-08-2021 11:51

Around 300 banks branches and transaction offices in Ho Chi Minh City have to close as a result of ongoing pandemic and the city tightened restrictions to cope the number of infections and deaths.

Banks and IFC boost trade and supply chain finance to promote trade in Vietnam

24-08-2021 11:29

Nearly 2,000 exporters and importers in Vietnam have benefitted from the trade financing of the International Finance Corporation (IFC) over the past fiscal year.

Loans made available for businesses in Phu Yen to get through tough times

24-08-2021 08:00

The Phu Yen branch of the Vietnam Bank for Social Policies has signed many credit contracts with enterprises for loans to pay salaries for employees who stopped working due to the COVID-19 pandemic, offering efficient support to employers and employees amid the pandemic.

VietinBank to divest from VietinBank Securities and VietinBank Leasing

23-08-2021 10:42

VietinBank (HSX: CTG) is allegedly looking for a strategic partner to sell part of its ownership in two of its subsidiaries, VietinBank Securities (HSX: CTS) and VietinBank Leasing.

Towards growing sustainably in a post-pandemic world

20-08-2021 10:57

The COVID-19 pandemic with its new perilous variants is taking a toll on the economy both in Vietnam and on the global scale. Michele Wee, CEO of British-backed lender Standard Chartered Vietnam suggests what businesses should do to stay prepared for a post-pandemic world and shares what the bank is focusing on to drive sustainable development.

IFC boosts COVID-19 and climate response efforts in banner year for East Asia and Pacific

19-08-2021 10:30

With the goal of building resilience among people, businesses, and countries, International Finance Corporation (IFC) ramped up response efforts to tackle the dual crises of climate change and COVID-19 in East Asia and the Pacific in the last fiscal year.

Circular offers strict level for bank risks

19-08-2021 10:00

Despite the government coming to the aid of banks and vulnerable businesses in the past year, the latest COVID-19 wave has rendered some debt restructuring and payment scheduling by the country’s central bank less effective than expected.

Tax aid comes as relief for businesses

18-08-2021 15:00

Vietnam’s tax agencies and banking groups are taking more drastic concerted efforts to buttress the domestic economy and foster resilience against the current wave of COVID-19 infections.

VIB receives Innovation in Digital Banking 2021 award from The Banker

17-08-2021 09:29

The world’s leading finance and banking magazine, The Banker has honoured Vietnam International Bank (VIB) with the Innovation in Digital Banking 2021 award (Mobile). This is the seventh year in a row that MyVIB is honoured with prestigious awards by major international media agencies such as The Banker, The Asset, and Global Finance Review.