global banking leaders targeting growth in se asia

Global banking leaders targeting growth in SE Asia

International banks are proactively deploying more resources in Southeast Asia, especially in Vietnam, with the emerging regional economy representing high potential for them.
banks scaling up charter capital goals

Banks scaling up charter capital goals

International and domestic financial institutions have strengthened their charter capital to boost financial capacity and ramp up business activities in Vietnam.
pandemic woes add to ditched fie rise

Pandemic woes add to ditched FIE rise

The number of foreign investors fleeing from their responsibilities in Vietnam is likely to increase as more businesses go bankrupt due to the stretched economic effects of the pandemic.
shares gain on banking stocks

Shares gain on banking stocks

Shares rose on Monday morning thanks to the gain of banking stocks.
number of foreign funds simultaneously sell down hoa phat group interest

Number of foreign funds simultaneously sell down Hoa Phat Group interest

Major funds including Norges Bank, Vietnam Enterprise Investments Ltd., PENM III German GmbH & Co. KG are selling down their shareholdings in Hoa Phat Group.
banks step up to lure demand deposits

Banks step up to lure demand deposits

Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.
staying on track for economic stability

Staying on track for economic stability

Over the past five years, the banking sector implemented many solutions and made important contributions to national socioeconomic development, and last year the sector’s activities helped to remove difficulties for people and businesses affected by the global health crisis. Dao Minh Tu, Deputy Governor of the State Bank of Vietnam, had an exchange with VIR’s Hong Dung to clarify the efforts of the banking sector in the past years and outline the tasks ahead.
the capacity to change amid crisis

The capacity to change amid crisis

Faced with the COVID-19 crisis, Vietnam has demonstrated a high capacity to change, which goes a long way to explaining why it has managed the pandemic and its economic consequences with overall success to date.
lenders reinforcing cyber defences

Lenders reinforcing cyber defences

Although banks and innovative fintech technologies already benefit customers’ experience, they also come with possible cyber threats, especially as customers often do not realise the risks.
vietnams banking industry set to be revolutionised by big data and cloud computing

Vietnam’s banking industry set to be revolutionised by big data and cloud computing

AI, big data, and cloud computing are revolutionising industries around the world and banking is no different. Banks in developing economies stand to benefit the most.
vietnam japan banks provide joint financial services

Vietnam, Japan banks provide joint financial services

The Saigon Commercial Joint Stock Bank (SCB) has recently entered into a strategic cooperation deal with Kiraboshi Business Consulting Vietnam, the representative of Kiraboshi Bank of Japan.
800 million tan phu dong nai expressway to be built in 2021 2025 under ppp model

$800 million Tan Phu-Dong Nai Expressway to be built in 2021-2025 under PPP model

The Tan Phu (Dong Nai) – Bao Loc (Lam Dong) Expressway project with a total investment of approximately VND18.2 trillion ($791.3 million) (excluding bank interest rates) will be built in 2021-2025 under the public-private partnership (PPP) format.
fe credit experiences 163 per cent drop in pre tax profit as npls increase in 2020

FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020

Due to the COVID-19 pandemic, FE Credit – Vietnam's largest consumer finance company – reported a decrease in its pre-tax profit while its non-performing loans ratio increased to 6.6 per cent in 2020.
adb provides 25 million usd to help philippines purchase covid 19 vaccines

ADB provides 25 million USD to help Philippines purchase COVID-19 vaccines

The Asian Development Bank (ADB) announced on February 1 that it has allocated 25 million USD to help the Philippine government purchase COVID-19 vaccines.
which vietnamese banks have been keeping npls under 1 per cent

Which Vietnamese banks have been keeping NPLs under 1 per cent?

While a number of banks experienced sharp increases in non-performing loans (NPLs) due to the unprecedented pandemic, some lenders have successfully kept their NPL ratios below 1 per cent.