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Search Results: 7,458 results for keyword "bank".
Banks pocket hefty profits in first quarter
05-05-2021 17:56
Local commercial lenders posted soaring profits in the first quarter this year, as mirrored by their newly-released first-quarter financial reports, driven by escalating interest income and a jump in earnings from services.
HDBank to choose life insurer partner for upcoming exclusive bancassurance deal
05-05-2021 17:55
Ho Chi Minh City-based bank HDBank would choose a life insurer partner for an exclusive bancassurance deal, believing the deal would be of great significance in the coming time.
Right time to reform for future success
05-05-2021 12:06
Since last year, Vietnam has been weathering difficulties caused by the health crisis to reach positive growth, with a safe environment for people and enterprises to perform in. Andrew Jeffries, country director for Vietnam of the Asian Development Bank, writes about the country’s steady journey amid the COVID-19 pandemic, with a need to further apply digital solutions in the economy.
Novaland land fund strategies underpin successes
05-05-2021 11:16
Through mergers and acquisitions, a thorough approach to secure a diversified portfolio, and a large bank of land, real estate developers can navigate through many of the pandemic-induced challenges and gain an upper hand in providing top-notch products.
War, division, reunification, and future what Vietnam and Germany have in common
05-05-2021 08:00
On the occasion of Reunification Day, I would like to tell you a very personal story, my own story. After a military career, I worked as a banker for a total of 18 years and was then a management professor. You will rightly ask yourself what connects a German man of business with the history and culture of Vietnam. Doesn’t the here and now count more?
FE CREDIT goes all-in on AWS to accelerate innovation
04-05-2021 16:24
Amazon Web Services, Inc. (AWS), an Amazon.com company, on April 28 announced that FE CREDIT, the largest consumer lender in Vietnam and a subsidiary of VPBank, has gone all-in on AWS, moving the vast majority of its IT infrastructure to the world’s leading cloud to respond faster to the company’s business objectives in market penetration and expansion.
Capital injections loom in finance M&A
04-05-2021 11:23
Although the pandemic is still taking a serious toll on the economy, foreign investors are banking on cross-border mergers and acquisitions in the financial industry, especially in consumer finance and retail banking, illustrating the urgency to acquire new capabilities.
Four new payment intermediaries licensed in Vietnam since 2021
04-05-2021 09:42
From the beginning of the year, the State Bank of Vietnam (SBV) has issued new licences to four non-bank payment intermediaries, showing the increasing demand by local firms to join the fintech rush.
M&A expected to soar in second half
03-05-2021 18:25
Despite a drop in mergers and acquisitions during the pandemic, a breakthrough is expected in the second half of the year thanks to some billion-dollar deals in the making.
Overseas buyers pin hopes on ease of restrictions
03-05-2021 08:00
Luxury and high-end residences up and down Vietnam have attracted much interest from foreigners since 2015 when the government permitted non-nationals to own property in the country. Damian Sung (damian@asiabankersclub.com), sales director at Asia Bankers Club, discussed with VIR’s Bich Ngoc the recent sentiment regarding such ownership and the prospects involved.
Standard Chartered launches preferential loan programme for hybrid cars
29-04-2021 18:41
UK-backed Standard Chartered Bank Vietnam has launched an environmentally-friendly automobile loan programme, offering one of the most preferential interest rates in Vietnam’s car loan segment to clients purchasing hybrid cars.
BAC A BANK sets new development targets
29-04-2021 13:41
Locally-invested BAC A BANK has organised its general stakeholder annual meeting, with the adoption of a report on business results in 2020 and orientations for 2021, as well as a scheme on capital mobilisation for this year.
Banks roll out green credits for eco-friendly approach
29-04-2021 10:00
Since the adverse impacts of climate change are better understood, many financial institutions operating in Vietnam are taking bold steps to finance and facilitate green and eco-friendly loan packages as an essential part of their sustainable investment and net-zero pledges.
ADB forcasts Vietnam’s economic growth to rebound to 6.7 per cent this year
28-04-2021 15:10
Vietnam’s economic growth is expected to rebound to 6.7 per cent this year despite the recent resurgence of the COVID-19 pandemic in nearby countries and rise to 7 per cent in 2022, according to a new report from the Asian Development Bank (ADB).
New general director takes the lead of Shinhan Finance
28-04-2021 15:00
South Korean-backed Shinhan Finance has recently announced the appointment of Oh Taejoon as its general director, effective from April 6, 2021 and is subject to the approval of the State Bank of Vietnam No. 2118/NHNN-TTGSNH, issued on March 31, 2021 and its mother company Shinhan Card.
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