shb finance announced new chairman and posted stable performance in 2020

SHB Finance announced new chairman and posted stable performance in 2020

Hanoi-based commercial lender Saigon-Hanoi Commercial Joint Stock Bank (SHB) last week announced a senior personnel nomination at its member company, Saigon-Hanoi Commercial Bank Finance Co., Ltd. (SHB Finance).    
fresh credit scheme outlines bac a bank ambitions to assist clients with investment

Fresh credit scheme outlines BAC A BANK ambitions to assist clients with investment

Locally-invested BAC A BANK is offering a credit programme throughout 2021 with preferential lending rates, in a bid to help enterprises achieve low-cost loans in service of their production and business activities.
with covid 19 under control vietnams tourism sector banks on domestic travel

With COVID-19 under control, Vietnam's tourism sector banks on domestic travel

Vietnam will continue to use flexible measures to stimulate the domestic tourism market as international borders remain shut due to the global COVID-19 pandemic, a top tourism official has said.
chinas investment in thailand forecast to increase in coming years

China’s investment in Thailand forecast to increase in coming years

China's foreign direct investment (FDI) in Thailand is expected to increase significantly over the next few years as Chinese investors are planning to expand their local footprint, a survey by Siam Commercial Bank (SCB) shows.
central bank targets credit growth of 12 percent in 2021

Central bank targets credit growth of 12 percent in 2021

The State Bank of Vietnam (SBV) targets a credit growth rate of 12 percent in 2021, equivalent to the growth of 12.13 percent last year, according to SBV Deputy Governor Dao Minh Tu.
bankograph fixing security challenges in payment transactions

Bankograph: fixing security challenges in payment transactions

Bankograph has achieved the latest version (3.2.1) of PCI DSS and is ready to expand business activities in Vietnam and the Asia-Pacific.
expanding digital only lenders open up framework questions

Expanding digital-only lenders open up framework questions

Despite still being modest in number, digital-only banks in Vietnam are accelerating progress by partnering up with physical lenders, while the country formulates suitable regulations for fully-virtual banks.
over 14 billion usd mobilised through g bond auctions at hnx in 2020

Over 14 billion USD mobilised through G-bond auctions at HNX in 2020

Nearly 324 trillion VND (over 14 billion USD) was mobilised through G-bond auctions at the Hanoi Stock Exchange (HNX) in 2020, accounting for 108 percent of the set plan.
atm online debuts new micro loan product for unexperienced

ATM Online debuts new micro-loan product for unexperienced

Singapore-headquartered fintech firm ATM Online has launched new products for its new clients.
citi selected as financial advisor to gavi

Citi selected as financial advisor to Gavi

The mandate for the multi-billion dollar COVAX Facility demonstrates Citi’s continued commitment to pandemic relief.
bac a bank gets thumbs up at hanoi stock exchange

BAC A BANK gets thumbs-up at Hanoi Stock Exchange

The Hanoi Stock Exchange has just released Decision No.765/QD-SGDHN approving BAC A BANK to list on the bourse, with a total listed share volume of more than 708.5 million at VND10,000 ($0.43) per share under the code BAB.
banks to stop issuing magnetic strip cards in three months

Banks to stop issuing magnetic strip cards in three months

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.
hdbank completes three pillars of basel ii ahead of deadline

HDBank completes three pillars of Basel II ahead of deadline

Ho Chi Minh City-based commercial lender HDBank (HSX: HDB) has deployed the internal capital adequacy assessment process under pillar 2 of the Basel Committee on Banking Supervision, reaching the full implementation of the three pillars of Basel II in light of Circular No.41/2016/TT-NHNN and Circular No.13/2010/TT-NHNN of the central bank ahead of the deadline.
strategies to suit bankings challenges

Strategies to suit banking’s challenges

The overall picture of the banking industry in 2020 and into 2021 has revealed both strengths and weaknesses. At the end of the third quarter, data from the General Statistics Office (GSO) showed that credit growth of the entire industry in our country reached 5.12 per cent after nine months, corresponding to less than 40 per cent of the annual growth plan from the beginning of the year.
financial institutions begin public trading

Financial institutions begin public trading

Vietnamese banks are enthusiastically filing for initial public offering or re-listing, in which they dream about tapping into broader scope of funds.