vib the most viral bank on social media

VIB the most 'viral' bank on social media

The summer media race became more vibrant among banks in June, with a 29 per cent increase in engagement and participation in discussions across social networking sites compared with the previous month.
inefficiencies remain with esg in banking

Inefficiencies remain with ESG in banking

Approximately 90 per cent of Vietnam’s banks have incorporated environmental, social, and governance practices to some extent, but significant challenges, such as data shortages, policy gaps, and insufficient expertise, hinder full implementation.
revision forces banks to reveal more shareholders

Revision forces banks to reveal more shareholders

The new regulations of the revised Law on Credit Institutions, made effective a month ago, aim to curb the influence of affiliated entities on banking operations.
mb confident novaland trung nam sun group and vingroup can repay loans

MB confident Novaland, Trung Nam, Sun Group, and Vingroup can repay loans

MB's leaders addressed shareholders' questions regarding loans to Novaland, Trung Nam, Sun Group and Vingroup on August 5, and outlined the bank's strategic plan for the remaining months of 2024.
shb recognised as the bank with the best sme initiative

SHB recognised as the bank with the best SME initiative

Saigon-Hanoi Commercial Joint-Stock Bank (SHB) has been recognised for its social impact finance and small- and medium-sized enterprise (SME) partnership initiatives.
standard chartered to explore hong kong vietnam business opportunities

Standard Chartered to explore Hong Kong-Vietnam business opportunities

Standard Chartered Bank (Hong Kong) announced on August 5 that it has signed MoUs with Kingboard Holdings, Computime Group, and Stavian Group to explore business opportunities between Hong Kong and Vietnam.
mixed fortunes for profit in banks in 2024

Mixed fortunes for profit in banks in 2024

Bank profit in the first half of this year has been a mixed mag amid a still challenging business environment.
vib boosts credit card ecosystem

VIB boosts credit card ecosystem

Vietnam International Bank (VIB) continues to consolidate its growth and increase its spending market share via tech, promotions, and improving the user experience.
the aspects behind finance and banking in vietnam today

The aspects behind finance and banking in Vietnam today

Pramoth Rajendran, head of Wealth and Personal Banking at HSBC Vietnam, scrutinises credit situation, the factors behind and solutions in Vietnam’s current finance-banking scene, weighing on Vietnam’s growth prospects in 2024 and HSBC’s recent efforts to best serve its customers.
backbase launches ai centre of excellence in ho chi minh city

Backbase launches AI Centre of Excellence in Ho Chi Minh City

On July 31, digital banking software provider Backbase announced the establishment of its first global Centre of Excellence (COE) focused on AI in Ho Chi Minh City.
reference exchange rate down 3 vnd on august 2

Reference exchange rate down 3 VND on August 2

The State Bank of Vietnam set the daily reference exchange rate at 24,242 VND/USD on August 2, down 3 VND from the previous day.
vietnam must be prepared for further global impediments

Vietnam must be prepared for further global impediments

The Vietnamese economy is experiencing a positive recovery trend so far this year. Nguyen Ba Hung, principal country economist from the Asian Development Bank (ADB) in Vietnam, talked with VIR’s Thanh Thu about its expectations on the economic outlook until the year’s end.
hdbanks h1 2024 profit reaches 323 billion

HDBank's H1 2024 profit reaches $323 billion

HDBank has announced its financial statement for the second quarter of 2024, with a pre-tax profit of over $322.8 million for the first half of the year, up 48.9 per cent on-year.
vib posts profits of 182 million in 2024 so far

VIB posts profits of $182 million in 2024 so far

Vietnam International Bank (VIB) announced its business results for the first half of 2024, with total operating income surpassing $409 million, a slight rise compared to the same period last year.
vpbank optimises business opportunities in q2 to develop sustainably

VPBank optimises business opportunities in Q2 to develop sustainably

Hanoi-based commercial lender VPBank has secured stable growth across strategic segments this year, leveraging well-controlled borrowing costs.