vpbank has received a 10 per cent deposit from smbc

VPBank has received a 10 per cent deposit from SMBC

At an investor-update meeting on May 18, Luu Thi Thao, deputy general director of VPBank, revealed that the bank has received a 10 per cent deposit from Japanese partner SMBC, as part of the $1.5 billion private placement agreement signed between the two banks.
direction clearer in weak bank overhaul

Direction clearer in weak bank overhaul

Decisive action taken by Vietnam’s central bank on restructuring failing banks signifies a considerable stride towards revamping and fostering a sound financial landscape.
lenders adjust as real estate giants revive ventures

Lenders adjust as real estate giants revive ventures

Some banks are strategically adapting lending practices and risk management approaches to address the complexities and risks associated with real estate-related credit, particularly for large-scale property developers.
charter capital of banks to increase sharply in 2023

Charter capital of banks to increase sharply in 2023

Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.
bank deposit interest rates keep falling

Bank deposit interest rates keep falling

Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
bad bank debts cast shadow over profit outlook

Bad bank debts cast shadow over profit outlook

Several banks have posted low profit growth in the first quarter (Q1) of this year, with some even seeing negative growth, mostly due to a spike in non-performing loans (NPLs), leading to soaring provisioning costs.
banks get moving with fresh deals

Banks get moving with fresh deals

The Vietnamese banking sector continues to be characterised by a dynamic merger and acquisition landscape, driven by domestic consolidation and foreign investment.
developers and banks make recovery efforts

Developers and banks make recovery efforts

The real estate market has some signs of recovery with capital injected into the market, helping to create confidence and influence consumer behaviour.
stunning muong lay town

Stunning Muong Lay town

Muong Lay town in Dien Bien province boasts a very special position compared to other localities around Vietnam, as it is located on the banks of the Son La Hydropower Reservoir at the confluence of the Da River, the Nam Na River, and Nam Lay Stream. Muong Lay has long been dubbed a “jewel” atop the northwest skies thanks to its scenery that makes visitors fall in love.
lenders manifest steady trajectory with profit figures

Lenders manifest steady trajectory with profit figures

Although first quarter business results of banks show deceleration compared to the final quarter of 2022, in the current macro context, this still is an encouraging growth.
companies hold back from listing in exchange shake up

Companies hold back from listing in exchange shake-up

A number of companies have postponed or entirely cancelled plans to list in Vietnam due to current market volatility and economic uncertainties, while some banks signal their intention to tap into broader funds by switching to the Ho Chi Minh City bourse.
wider recognition a top reason for upping bank activity abroad

Wider recognition a top reason for upping bank activity abroad

Vietnamese banks are proactively expanding their presence in the foreign markets in order to serve more customers. Kent Wong, chairman of the Legal Committee at the European Chamber of Commerce in Vietnam, discussed with VIR’s Celine Luu the positives and negatives associated with the practice.
japanese financial behemoths extend se asia reach

Japanese financial behemoths extend SE Asia reach

Three Japanese megabanks are doubling down on their emphasis on Vietnam’s finance and banking sector to experience rapid economic growth and leverage their investment portfolios across wider Southeast Asia.
global banking crisis is vietnam at risk

Global banking crisis: Is Vietnam at risk?

During the pandemic, commercial banks in developed economies like the United States and EU struggled to find companies that welcomed their money for investment. Even the historical low interest rates could not convince companies to invest in new projects or new technologies.
central banks in asean discuss economic priorities

Central banks in ASEAN discuss economic priorities

The ASEAN Central Bank Deputies Meeting (ACDM) took place on March 28 in Indonesia to discuss the priority economic deliverables (PEDs) in 2023.