incredible potential in reach for fintech

Incredible potential in reach for fintech

Fuelled by generous amounts of venture capital, Vietnam’s fintech landscape is flying high on Singaporean investors’ agenda, promising to offer more innovative customer value propositions than traditional banks.
shb temporarily locks foreign ownership ratio at 10 per cent

SHB temporarily locks foreign ownership ratio at 10 per cent

Saigon-Hanoi Commercial Joint Stock Bank (SHB) confirmed that it would temporarily lock its foreign ownership ratio at 10 per cent, and is now negotiating with several foreign investors.
greener finance incentives picked up by local banks

Greener finance incentives picked up by local banks

Capital injection from international and local lenders is envisaged to help boost green-driven, sustainable and high-value agricultural models, as well as bridge the gap for the climate-finance market which is still at the nascent stage in Vietnam.
msb targets to sell 100 per cent stake in consumer finance firm fccom

MSB targets to sell 100 per cent stake in consumer finance firm FCCOM

Maritime Commercial Joint Stock Bank (MSB) is looking to sell 100 per cent of its stake in its consumer finance subsidiary FCCOM.
interbank interest rates cool down thanks to good liquidity

Interbank interest rates cool down thanks to good liquidity

The liquidity of the banking system has risen recently, helping cool interbank interest rates.
state owned lenders maintain positive run

State-owned lenders maintain positive run

Four state-owned commercial banks in Vietnam have revealed their upbeat business performance and are fully committed to deploying all resources possible to ease the current economic stress, thereby reflecting their influence on the country’s financial landscape.
timo parners with mambu to expand services in vietnam

Timo parners with Mambu to expand services in Vietnam

Timo, Vietnam’s first digital bank, on August 11 has announced it is partnering with software as a service (SaaS) banking platform Mambu to leverage the benefits of a cloud native core banking platform to significantly scale its business.
shares end higher during morning session

Shares end higher during morning session

The stock market rose in a tight range on Tuesday morning on the growth of steel, securities and banking stocks
nab acquires citi consumer banking business in australia in a 88224 million deal

NAB acquires Citi consumer banking business in Australia in a $882.24 million deal

National Australia Bank (NAB) was reported to be buying the consumer banking subsidiary of Citi to create the second-largest credit card provider in Australia.
remittances to ho chi minh city rise to 37 billion in first seven months

Remittances to Ho Chi Minh City rise to $3.7 billion in first seven months

Despite the impact of the COVID-19 outbreak, remittances flowing into Ho Chi Minh City increased sharply in the first seven months of 2021.
5 year development journey affirms leading position of timo digital bank in vietnam

5-year development journey affirms leading position of Timo digital bank in Vietnam

At the Asia-Pacific Digital Banking Forum 2021 on August 5 organised by Clariden Global, Henry Nguyen, CEO of Timo digital bank, shared how over the course of five years, the company has risen to the leading position in the digital banking market in Vietnam, a "promising land" for digital banking.
analysts appreciate vibs q2 2021 business results and strategic planning

Analysts appreciate VIB's Q2 2021 business results and strategic planning

Vietnam International Bank (VIB) has just held an online meeting with analysts and investors. At the meeting, the bank's representatives shared the business results of the first six months of 2021 and VIB's growth strategy that has been established for many years, combined with promoting customer support.
maritime bank issues more than 350 million shares to raise charter capital

Maritime Bank issues more than 350 million shares to raise charter capital

Maritime Bank (MSB) plans to issue 352.5 million new shares to raise its charter capital to VND15.28 trillion ($665 million).
mb awarded titles of best fx bank and best financial derivatives provider in vietnam

MB awarded titles of Best FX Bank and Best Financial Derivatives Provider in Vietnam

On August 3, within the framework of Transaction Finance Awards Virtual Ceremony 2021 held by The Asian Banker, Military Joint Stock Commercial Bank (MB) was honoured with two prestigious awards: "Best FX Bank in Vietnam" and “Best Financial Derivatives Provider in Vietnam” in recognition of the bank's breakthroughs in recent years.
foreign lenders offer up new capacities in vietnam

Foreign lenders offer up new capacities in Vietnam

Taiwanese and South Korean financial institutions are pinning their faith on Vietnam’s equity market thanks to the tremendous growth opportunities, underpinned by the greater demand and skyrocketing liquidity in the country’s stock exchange landscape.