borrowing trends reflect weak demand

Borrowing trends reflect weak demand

While multiple banks are creating liquidity by allowing customers to borrow to repay other banks, experts assess that this may not increase overall credit.
foreign lenders dominate financials

Foreign lenders dominate financials

While local banks grapple with challenges and declining profits, their foreign-invested counterparts are registering stellar performances in Vietnam.
dfc to grant 100 million loan to tpbank

DFC to grant $100 million loan to TPBank

TPBank, one of Vietnam’s leading commercial banks, has announced the signing of a letter of commitment for a $100 million loan with a 7-year term from the US government’s Development Finance Corporation (DFC).
vietnam banks support adopt and build approach to digital transformation

Vietnam banks support 'adopt and build' approach to digital transformation

More than 55 per cent of chief information officers in Vietnam are more inclined to embrace an “adopt and build” approach in their digital banking transformation, above the Asia-Pacific average of 48 per cent.
banks roll out credit incentives to boost demand

Banks roll out credit incentives to boost demand

Banks are rolling out a raft of concessionary lending schemes to fuel demand amid gloomy credit growth.
banks juggle bancassurance quandary

Banks juggle bancassurance quandary

Some Vietnamese commercial banks have reported a dramatic dip in their bancassurance sales for the first half of the year as the sector navigates controversies and a historically low number of active life insurance contracts.
banks join in promoting green credit

Banks join in promoting green credit

Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
lending rate lag still causing bank unease

Lending rate lag still causing bank unease

Banks remain in a phase of inventory, facing challenges in the active monetisation of funds and resulting in an accumulation of excess liquidity.
citi commends local banks at asean roadshows

Citi commends local banks at ASEAN roadshows

Citi recognised the outstanding performance of 11 Vietnamese banks during its Financial Institutions Roadshows, held in Hanoi on August 18 and Ho Chi Minh City on August 21.
big four slash deposit interest rates to lowest in banking system

‘Big Four’ slash deposit interest rates to lowest in banking system

The four biggest banks in Vietnam have strongly cut interest rates for many deposit terms to the lowest levels of the year.
sustainability based loans the focus for top banks

Sustainability-based loans the focus for top banks

Foreign banks are actively joining consortiums to provide significant loans, particularly in the expanding sustainability arena.
bancassurance difficulties softened by profit results

Bancassurance difficulties softened by profit results

Although a decline in the sale of insurance products through banks has materialised in recent months, the sector remains a lucrative avenue for banks.
banks witness bleak profit results

Banks witness bleak profit results

Throughout the first half of this year, many banks – particularly smaller entities – have witnessed a sharp reduction in their profits.
factors affecting bank profit outlook this year

Factors affecting bank profit outlook this year

Although the profit picture of most banks was upbeat in the first half of this year, the factors that have a key impact on bank performance in the second half are forecast to change.
bac a bank supports next generation

BAC A BANK supports next generation

With the new 2023-2024 school year here, many banks have launched individual credit packages for education and training purposes, with BAC A BANK exclusively offering attractive products and programmes to parents and students of the TH School system.