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IFC cooperates with REE to support wind projects to advance renewable energy in Vietnam
27-05-2021 14:27
As Vietnam transitions to cleaner low-carbon power generation to help meet the country’s growing demand for electricity, the International Finance Corporation (IFC), a member of the World Bank Group, is funding the development and construction of two wind power projects in Central Vietnam.
VietinBank approved to raise charter capital by nearly $304 million
27-05-2021 09:53
The prime minister has just approved supplementing state capital at Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank – HSX: CTG).
Consumer finance groups tap new funds
25-05-2021 21:26
International expertise and solid financial support are vaulting some consumer finance companies in Vietnam ahead of their peers, and also presenting opportunities for both sides to deploy excess capital and diversify their business.
Resuming banking reform to shore up capital buffers
21-05-2021 08:00
Vietnam is on its way to building a healthy banking system, and 2021 is deemed as a crucial year for timely debt collection. Yun Liu, economist at HSBC, looks through the lens at some of the most important indicators in Vietnam’s banking sector and offers some views regarding non-performing loans.
WHO issues $7 mn emergency appeal for Gaza, West Bank
20-05-2021 21:26
The UN World Health Organization issued an urgent appeal Thursday for $7 million to pay for a "comprehensive emergency response" in the Palestinian territories amid the conflict with Israel.
VPBank looks for foreign strategic partner
20-05-2021 08:45
Vietnam Prosperity Bank, or VPBank (HSX: VPB) has just announced setting its maximum foreign ownership limit at 15 per cent, with plans to make a private placement for a foreign strategic investor.
BAC A BANK extends big support to enterprises
20-05-2021 08:38
BAC A BANK is carrying out a programme on supporting businesses with special incentives in loans worth up to VND3 trillion ($130.43 million).
Non-performing loans rise with restructuring
19-05-2021 09:00
Banks have experienced a significant bad debt formation while implementing strict provisioning to control non-performing loans amid pandemic struggles – however, debt restructuring portfolios will slightly increase in 2021 as related conditions are expanded.
Inspection rise in face of insurance hustle
19-05-2021 08:00
Recent compulsory bundling of insurance policies with banking products despite customer unwillingness has triggered concerns over bancassurance activities in Vietnam, and as a result authorities are strengthening inspections of such rampant insurance cross-selling mechanisms.
Dragon Capital becomes largest shareholder of VPBank
18-05-2021 17:04
Dragon Capital increased its ownership rate in VPBank (VPB) to 5.12 per cent, becoming its largest foreign shareholder.
Property stocks rise with NVL in leading position
17-05-2021 18:00
Property stocks are becoming more attractive for investors who are cashing in on profitable businesses with large clean land bank.
Will Kasikornbank purchase Citibank’s retail business arm?
17-05-2021 17:47
Kasikornbank – Thailand’s second largest financial institution – is allegedly a potential bidder to purchase Citibank’s retail business arm to increase its foothold in the wealth management, consumer lending, and credit card sectors.
Techcombank figures pointing to strategic victories
17-05-2021 11:31
Dynamic commercial lender Techcombank has attained significantly higher profits and better-than-expected performance after the first quarter of this year, mirroring the country’s rapid economic rebound in the face of pandemic-induced turbulence.
More banks collaborate with fintech firms to develop embedded finance in Vietnam
15-05-2021 12:57
A growing number of banks and fintech firms are forming partnership to implement embedded finance in Vietnam.
Credit institutions asked to tighten loans in “overheating” sectors: SBV
13-05-2021 20:57
The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.
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