profuse real estate lending on alert

Profuse real estate lending on alert

Loans related to real estate-backed collateral and build-operate-transfer projects are classified as among the riskiest and largest portion of banks’ portfolios, which might require restrictive approaches on quantitative quotas.
bac a bank continuing to demonstrate responsibility

BAC A BANK continuing to demonstrate responsibility

With its 27 years of development in Vietnam via fostering sustainable values for the community, Bac A Commercial Joint Stock Bank has been accompanying the government’s efforts to fight the pandemic and protect public health.
varied solutions available to contain pandemic impacts

Varied solutions available to contain pandemic impacts

The Vietnamese economy has proved to be resilient so far this year, with its relatively positive performance. Andrew Jeffries, country director for Vietnam at the Asian Development Bank (ADB), talked with VIR’s Thanh Thu about the economy’s prospects, underlining measures proposed by the government to achieve its task.
leading sectors remain in doldrums

Leading sectors remain in doldrums

While the pandemic pushes businesses into woes and close to bankruptcy, the Ministry of Planning and Investment has proposed numerous measures on interest rate and tax support to help them survive.
citi vietnam kicks off pride month

Citi Vietnam kicks off Pride Month

Citi Vietnam employees are joining Global Pride Month 2021 to promote diversity and inclusion at the workplace and support the LGBTQ+ community.
huge credit package coming soon to save vietnam airlines

Huge credit package coming soon to save Vietnam Airlines

Vietnam Airlines is expected to receive a credit package of VND4 trillion ($173.9 million) soon to help avoid bankruptcy.
vietnamese fintech startup mfast raises 15 million in pre series a round

Vietnamese fintech startup MFast raises $1.5 million in pre-Series A round

MFast has wrapped up a $1.5 million seed round investment featuring Do Ventures as lead investor and JAFCO Asia as co-investor.
mpi takes action to save local airlines

MPI takes action to save local airlines

The Ministry of Planning and Investment (MPI) proposed plenty of solutions aiming to save airlines from bankruptcy.
hsbc says french retail bank sale to cost 19 bn euros

HSBC says French retail bank sale to cost 1.9 bn euros

HSBC on Friday said it will incur a hefty charge of 1.9 billion euros with the sale of its French retail banking operations to French lender My Money Group.
non performing loans boosted by regulation

Non-performing loans boosted by regulation

Banks are coming to grips with a tile of non-performing loans due to the pandemic. Kent Wong, partner and head of Banking and Capital Market at VCI Legal, portrays how the new circular’s debt rescheduling may affect banks, and how foreign banks could deal with distressed loans.
us fed downplays inflation fears officials see rate hikes in 2023

US Fed downplays inflation fears, officials see rate hikes in 2023

Federal Reserve Chair Jerome Powell on Wednesday once again tried to assuage fears of rising US inflation, even while a majority of central bank officials now believe interest rates will increase in 2023.
mbbank sets highest level of standard

MBBank sets highest level of standard

Despite the unprecedented public health challenges of COVID-19, MBBank has successfully kept the lights on while considering COVID-19 a golden opportunity for the bank to promote digital transformation.
ocb to increase charter capital and potentially lift fol

OCB to increase charter capital and potentially lift FOL

The State Bank of Vietnam (SBV) has approved Orient Commercial Bank (OCB) to increase its charter capital to nearly VND2.74 trillion ($119.13 million) by issuing nearly 274 million shares, with a dividend rate of 25 per cent.
vietnams economy shows high resilience in fourth outbreak of coronavirus

Vietnam's economy shows high resilience in fourth outbreak of coronavirus

Vietnam's economy appears to have performed relatively well during the fourth outbreak of coronavirus, according to the June 2021 Vietnam Macro Monitoring report by the World Bank.
appeal trial for bidv related violation case to open on june 28

Appeal trial for BIDV-related violation case to open on June 28

An appeal trial for the case related to violations of regulations on banking activities and abuse of trust to appropriate assets at the Bank for Investment and Development of Vietnam (BIDV), Binh Ha Livestock JSC and Trung Dung Trade and Tourism Co. Ltd. will take place from June 28-30, the High-level People’s Court in Hanoi announced on June 11.