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MB secures prestigious software and IT service awards
16-04-2024 09:39
Military Commercial Joint Stock Bank (MB) has just clinched three Sao Khue Awards 2024, extending its winning streak to six consecutive years. The bank's innovative digital products - the Stellar fashion payment bracelet, the MB JCB Be The Sky card, and the mSeller sales management software - were honoured at the event.
UOB Vietnam partners with Betrimex on sustainability
15-04-2024 15:41
On April 12, United Overseas Bank (Vietnam) Limited (UOB Vietnam) signed a green trade finance facility agreement with Ben Tre Import Export Joint-Stock Corporation (Betrimex) on sustainable coconut production.
Listing ambitions of Vietnamese banks backed by leaders
15-04-2024 15:23
Several of Vietnam’s banks are gearing up to list on the Ho Chi Minh Stock Exchange, indicating a notable growth trajectory and an opportunity for capital augmentation.
SBV to increase gold bar supply to stabilise domestic market
15-04-2024 08:00
The State Bank of Vietnam (SBV) will increase the supply of gold bullion to handle the existing huge difference in domestic and world gold prices, SBV Deputy Governor Pham Thanh Ha told the press on April 12.
Behind the numbers: Techcombank’s vision for growth
13-04-2024 11:00
Alex Macaire, CFO of tech-driven Techcombank, delves into the bank's inspiring performance in 2023 and how the bank could extend this impressive growth.
Upward trend anticipated in forex rate
13-04-2024 08:00
The forex market faces augmented pressures in the second quarter of this year, which might be contained partially through central bank intervention.
ADB forecasts 6 per cent growth for Vietnam
12-04-2024 17:17
According to the Asian Development Outlook released by the Asian Development Bank (ADB) on April 11, slowing global demand and high international interest rates hampered Vietnam’s growth last year, yet Vietnam's economy is expected to grow 6 per cent in 2024 and 6.2 per cent in 2025.
PM demands strengthened gold market management
12-04-2024 17:11
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
Amendments to gold regulations on agenda
12-04-2024 16:10
Vietnamese authorities have identified issues and will close regulatory loopholes to stabilise the gold market, according to Malayan Banking Berhad (Maybank).
SCB, Van Thinh Phat execs convicted of embezzlement; Truong My Lan sentenced to death
12-04-2024 09:59
Ho Chi Minh City People's Court has found former executives of Saigon Commercial Bank (SCB) and Van Thinh Phat Group guilty of embezzlement, and Truong My Lan was sentenced to death after being convicted of three charges, and was also ordered to return nearly $26.97 billion.
ADB highlights geopolitical tensions in gold market
12-04-2024 09:00
During a press briefing in Hanoi on April 11, Nguyen Ba Hung, chief economist at the Asian Development Bank (ADB) office in Vietnam, addressed fluctuating trends in the global gold market.
Truong My Lan sentenced to death in major bank fraud case
12-04-2024 08:49
Truong My Lan, Chairwoman of property developer Van Thinh Phat Group, was sentenced to death at the first-instance trial in Ho Chi Minh City on April 11.
PV Power secures $300 million loan to fund LNG plants
10-04-2024 17:06
PetroVietnam Power (PV Power) has signed a short-term loan agreement worth $300 million with Citibank and ING to supplement capital for the Nhon Trach 3 and Nhon Trach 4 power plants, which are the first liquefied natural gas (LNG)-to-power plants in Vietnam.
Banks post huge profits despite low credit growth
10-04-2024 15:26
Credit growth throughout the banking sector in the first quarter remained low at 0.26 per cent, but many banks still reported significant profits.
HSBC sells Argentina division for $550 million
09-04-2024 14:45
Global bank HSBC has agreed to sell its Argentina division to the financial services company Grupo Financiero Galicia for $550 million as it focuses on core Asia operations, it said Tuesday.
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