govt urged to develop legal framework for direct lending for sme development

Gov’t urged to develop legal framework for direct lending for SME development

The Government has been urged to develop a legal framework for the Small- and Medium-sized Enterprises (SMEs) Development Fund in terms of direct lending, in addition to trust and indirect lending services provided through commercial banks, to provide broader access to soft loans by SMEs.
bac a bank launches new branch in nam dinh

BAC A BANK launches new branch in Nam Dinh

Locally-invested BAC A BANK has officially set foot in the northern province of Nam Dinh.
banks to introduce domestic credit chip cards to promote cashless payments

Banks to introduce domestic credit chip cards to promote cashless payments

The National Payment Corporation of Viet Nam (Napas) last week said it would work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.
us fed holds first policy meeting of biden administration

US Fed holds first policy meeting of Biden administration

With a new year and a new administration in the White House, the US central bank nonetheless faces an unprecedented challenge in guiding the post-pandemic economic recovery.
promoting consumer finance to fight black credit experts

Promoting consumer finance to fight black credit: experts

Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20.
banks to make provisions for covid 19 affected loans this year

Banks to make provisions for COVID-19 affected loans this year

Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV).
timo wins fastest growing and most innovative digital banking awards

Timo wins Fastest Growing and Most Innovative Digital Banking awards

Timo - a leading non - conventional bank in Vietnam and beyond with a digital-first mindset - has achieved a remarkable double first at The Global Economics Awards categories, becoming the Fastest Growing Digital Bank and Most Innovative Digital Bank in its ongoing digital banking transformation.
insurance gap adding risk to families

Insurance gap adding risk to families

With a large percentage of the poor population in coastal localities often living in run-down houses, many families are in need of insurance packages for their homes. However, a lack of related insurance programmes among banks may leave their dreams out of reach.
is vietnams economy recovering from covid 19 ask female entrepreneurs

Is Vietnam’s economy recovering from COVID-19? Ask female entrepreneurs

Vietnam’s GDP grew 2.91 per cent in 2020 and, although lower than in recent years, it is a significant achievement considering many countries in the region are in economic freefall.
agribank will accelerate charter capital increase and equitisation in 2021

Agribank will accelerate charter capital increase and equitisation in 2021

Agribank is facing many challenges, especially in increasing its charter capital and conducting equitisation, yet it remains ambitious for 2021.
market ends mixed vn index recovers from morning loss

Market ends mixed, VN-Index recovers from morning loss

The benchmark edged higher on Thursday on the back of banking and real estate stocks, recovering from the morning session loss, while the HXN-Index ended lower.
local lenders increase fund reserves

Local lenders increase fund reserves

Vietnamese banks are making a beeline to increase capital, accelerate financial capacity, and tap into overseas funds.
central bank continues growth drive amid global uncertainties

Central bank continues growth drive amid global uncertainties

The State Bank of Vietnam is predicted to continue maintaining a loose monetary policy with low interest rates, even as the global economy is showing positive signs.
be group partnering up with vpbank to launch cake digital bank

Be Group partnering up with VPBank to launch Cake digital bank

Be Group (the developer of Be ride-hailing app) and VPBank have officially introduced Cake digital bank, a new solution for e-banking. This is the first time that a digital bank will appear on the interface of a ride-hailing app in Vietnam.
visa invites asia pacifics top startups to unlock their global potential

Visa invites Asia-Pacific’s top startups to unlock their global potential

Visa, the world’s leader in digital payments, is announcing an accelerator programme for startups across the Asia-Pacific that are looking to expand their businesses into new markets. Visa will select an elite group of up to six startups to be part of the first programme cohort. The Visa Accelerator Programme will focus on creating defined commercial opportunities for these startups to collaborate with Visa and its extensive network of bank and merchant partners in the region.