vietnam banks support adopt and build approach to digital transformation

Vietnam banks support 'adopt and build' approach to digital transformation

More than 55 per cent of chief information officers in Vietnam are more inclined to embrace an “adopt and build” approach in their digital banking transformation, above the Asia-Pacific average of 48 per cent.
banks roll out credit incentives to boost demand

Banks roll out credit incentives to boost demand

Banks are rolling out a raft of concessionary lending schemes to fuel demand amid gloomy credit growth.
banks juggle bancassurance quandary

Banks juggle bancassurance quandary

Some Vietnamese commercial banks have reported a dramatic dip in their bancassurance sales for the first half of the year as the sector navigates controversies and a historically low number of active life insurance contracts.
banks join in promoting green credit

Banks join in promoting green credit

Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
lending rate lag still causing bank unease

Lending rate lag still causing bank unease

Banks remain in a phase of inventory, facing challenges in the active monetisation of funds and resulting in an accumulation of excess liquidity.
citi commends local banks at asean roadshows

Citi commends local banks at ASEAN roadshows

Citi recognised the outstanding performance of 11 Vietnamese banks during its Financial Institutions Roadshows, held in Hanoi on August 18 and Ho Chi Minh City on August 21.
big four slash deposit interest rates to lowest in banking system

‘Big Four’ slash deposit interest rates to lowest in banking system

The four biggest banks in Vietnam have strongly cut interest rates for many deposit terms to the lowest levels of the year.
sustainability based loans the focus for top banks

Sustainability-based loans the focus for top banks

Foreign banks are actively joining consortiums to provide significant loans, particularly in the expanding sustainability arena.
bancassurance difficulties softened by profit results

Bancassurance difficulties softened by profit results

Although a decline in the sale of insurance products through banks has materialised in recent months, the sector remains a lucrative avenue for banks.
banks witness bleak profit results

Banks witness bleak profit results

Throughout the first half of this year, many banks – particularly smaller entities – have witnessed a sharp reduction in their profits.
factors affecting bank profit outlook this year

Factors affecting bank profit outlook this year

Although the profit picture of most banks was upbeat in the first half of this year, the factors that have a key impact on bank performance in the second half are forecast to change.
bac a bank supports next generation

BAC A BANK supports next generation

With the new 2023-2024 school year here, many banks have launched individual credit packages for education and training purposes, with BAC A BANK exclusively offering attractive products and programmes to parents and students of the TH School system.
fintech groups and banks linking up for new payment partnerships

Fintech groups and banks linking up for new payment partnerships

Vietnam’s payment fintech landscape is witnessing a surge in partnerships between foreign giants like Apple Pay and local banks, while local payment apps are teaming up with international firms, signalling promising growth prospects for the digital payment sector.
mb ranked in top 5 most reputable banks

MB ranked in Top 5 most reputable banks

On the morning of August 4, Military Commercial Joint Stock Bank (MB) secured its position in the Top 5 Vietnamese banks at an awards ceremony, a testament to its vital contributions towards its sustainable growth in the banking sector.
five banks earned profits of more than 10 trillion vnd in h1

Five banks earned profits of more than 10 trillion VND in H1

Five banks in Vietnam recorded a pre-tax profit of more than 10 trillion VND (422 million USD) in the first six months of this year, financial statements of the banks showed.