banks continuing to plan cautious growth

Banks continuing to plan cautious growth

Vietnamese banks are significantly increasing their charter capital to strengthen financial stability and support growth.
lenders stress importance of biometric measures

Lenders stress importance of biometric measures

The Vietnamese banking sector’s implementation of biometric verification for transactions has significantly enhanced payment safety and fraud prevention, despite initial technical challenges and substantial resource requirements.
vietcombank preparing to sell 65 per cent stake to mizuho and other shareholders

Vietcombank preparing to sell 6.5 per cent stake to Mizuho and other shareholders

Vietcombank is preparing for a private placement of 6.5 per cent of its charter capital to strategic shareholder Mizuho and a number of other shareholders, according to ACB Securities (ACBS).
understanding bank profit trends and cost structures

Understanding bank profit trends and cost structures

Credit growth has been sluggish in the first six months compared to the State Bank of Vietnam’s target, and there was a strong correlation between credit growth and bank profitability.
block b gas field development project obtains 832 million in japanese loans

Block B gas field development project obtains $832 million in Japanese loans

The Japan Bank for International Cooperation (JBIC) and private lenders will provide loans totaling $832 million for the Block B gas field development project, contributing towards resource development by Japanese companies and the promotion of energy transition in Vietnam.
vib first bank in vietnam to deploy aws skill builder to enhance cloud computing capabilities

VIB first bank in Vietnam to deploy AWS Skill Builder to enhance cloud computing capabilities

Vietnam International Bank (VIB) has announced it has integrated Amazon Web Services (AWS) Skill Builder, an online learning centre designed to provide role-based training and learning plans for workers to build in-demand cloud skills, into its cloud computing training programme.
denmark accuses bank of laundering 35 bn euros for russians

Denmark accuses bank of laundering 3.5 bn euros for Russians

Denmark has charged the Nordic bank Nordea with laundering 3.5 billion euros ($3.8 billion) for Russian clients, the country's financial prosecutors said Friday.
impacts of delayed interest rate ease

Impacts of delayed interest rate ease

There is a potential delay in interest rate cuts until November due to strong economic indicators, while Asia’s bond markets, particularly in credit and environmental sectors, are poised for robust performance and growth this year.
lower lending rates stimulating demand for home loans

Lower lending rates stimulating demand for home loans

Banks competing over new lending rates under 6 per cent per year have stimulated a resurgence in demand for housing credit.
gold monopoly could pose long term currency risk

Gold monopoly could pose long-term currency risk

The government has implemented a policy granting banks an exclusive monopoly on gold sales to control prices and stabilise the domestic market, but the policy may harbour risks in foreign currency outflows.
ai becoming increasingly prevalent for e payments

AI becoming increasingly prevalent for e-payments

The rising risks of cashless payment fraud have led banks to accelerate implementation of AI-driven security measures and biometric authentication to enhance transaction safety and protect consumers.
hdbank approves dividend payment of 30 per cent in cash and stocks

HDBank approves dividend payment of 30 per cent in cash and stocks

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank—HSX: HDB) will pay a dividend of 30 per cent for 2023, including 10 per cent in cash and 20 per cent in shares, according to a resolution announced by its Board of Directors on July 2.
eurozone inflation eases slightly in june

Eurozone inflation eases slightly in June

The eurozone's annual rate of inflation cooled in June in line with analysts' expectations thanks to a slowdown in food and energy price rises, official data showed on Tuesday.
aiib invests 75 million in seabank bonds

AIIB invests $75 million in SeABank bonds

The Asian Infrastructure Investment Bank (AIIB) on July 1 announced its latest investment of $75 million in the green and blue bonds issued by Southeast Asia Commercial Joint Stock Bank (SeABank, HSX: SSB).
techcombank ushers in new era of ai powered banking

Techcombank ushers in new era of AI-powered banking

Hanoi-based Vietnam Technological and Commercial Joint Stock Bank (Techcombank) starts a new era of AI-powered banking at its first-ever Techcombank Keynote event as the bank accelerates its journey to become a leading bank in Vietnam with innovative digital and data-led solutions for customers.