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Banks cut transaction fees from August to support customers during pandemic

03-08-2021 13:05

The State Bank of Vietnam has directed credit institutions and foreign bank branches to slash transaction fees to provide COVID-19 relief for customers.

The keys to digital bank development

02-08-2021 15:27

With Industry 4.0 having a substantial impact on all aspects of the economy and social life, banks are forced to evolve at exponential speed to meet consumers’ needs. Vu Thanh Minh and Nguyen Dieu Linh, lawyers at LNT & Partners, write about digital transformation in the banking industry, and the future trends.

Growth prospects and high hurdles for retail banking

02-08-2021 15:01

The pandemic is detrimental to most economic sectors, including finance and banking. Harmander Mahal, head of Consumer, Private and Business Banking for Vietnam and Asia Cluster Markets at Standard Chartered Bank, talked with VIR’s Hong Dung how the British lender has weathered the storm and offers his outlook.

SHB focuses on handling debts at Vinashin and VAMC

02-08-2021 10:43

SHB will soon handle all debts of Vinashin and purchase all bonds held by Vietnam Asset Management Company this year thanks to increasing loan-loss provisioning.

KB Kookmin Bank provides $100 million loan for solar project led by ECP

01-08-2021 13:00

The largest South Korean lender, Kookmin Bank, announced that it will join other international financial institutions in a $840 million syndicated loan package to finance a solar power project.

Shares conclude the week on positive note

31-07-2021 12:02

Shares concluded the week in the green, marking a full-week growth after three consecutive falling weeks, propped up by banks and realty stocks.

HDBank surpasses $182 million in gross income in H1/2021

30-07-2021 16:13

HDBank (HSX: HDB) generated a pre-tax profit of VND4.19 trillion ($182.2 million) in the first six months of the year, an increase of 44.2 per cent over the same period in 2020 and completing 58 per cent of the annual plan.

Sacombank aims to divest entire share holding at Sacombank Securities JSC

30-07-2021 15:27

Sacombank could gain around VND150-170 billion ($6.5-7.4 million) if the divestment from Sacombank Securities JSC is successful.

VPBank to issue additional shares and increase charter capital to nearly $2 billion

30-07-2021 15:27

VPBank will issue a maximum of more than 1.97 billion shares to existing shareholders to raise its charter capital.

NCB appointed former Sun Group CEO Bui Thi Thanh Huong as new chairwoman

30-07-2021 14:40

Two new female executives have been appointed to the Board of Directors at National Commercial Joint Stock Bank (NCB).

Going on the attack for a self-reliant economy

30-07-2021 14:00

As with most economies in the region, Vietnam has been facing unprecedented struggles this year. However, with regional recovery, the nation may still see a growth rate close to its expectations.

Shrewd activities resulting in banking bonuses for 2021

30-07-2021 13:46

Despite the unexpected turbulence from public health challenges, privately-held commercial banks in Vietnam are enjoying stellar profit bonanzas thanks to their full suite of minted financial services, alongside cost-effective drives and debt rescheduling roadmaps.