dutch bank to pump 30 million in renewables in southeast asia

Dutch bank to pump $30 million in renewables in Southeast Asia

Dutch Entrepreneurial Development Bank (FMO) has proposed to place $30 million into greenfield renewable energy platform Sustainable Asia Renewable Assets (SARA).
standard chartered to aid development of ho chi minh city financial hub

Standard Chartered to aid development of Ho Chi Minh City financial hub

During a meeting with Deputy Prime Minister Le Minh Khai on June 27, group chairman of Standard Chartered Jose Vinals announced the bank’s commitment to supporting the development of an international financial centre in Ho Chi Minh City.
70 vietnamese firms among aseans top 500

70 Vietnamese firms among ASEAN's Top 500

70 Vietnamese businesses have been listed on the first-ever Southeast Asia Fortune 500 list, which operate in various sectors of the economy, most notably banking, energy, services, and production.
maybank investment bank opens new hanoi branch

Maybank Investment Bank opens new Hanoi branch

Maybank Investment Bank Vietnam celebrated a significant milestone on June 27 with the official opening of its Hanoi branch in a new location in the prestigious Coalimex building.
vietnams sustainable bonds reach 800 million in value

Vietnam's sustainable bonds reach $800 million in value

The total stock of sustainable bonds reached a size of $800 million at the end of the first quarter 2024, according to a new report by the Asian Development Bank (ADB) on June 26.
fiinratings assigns mcredit a stable a credit rating

FiinRatings assigns Mcredit a 'stable' A- credit rating

FiinRatings, a credit rating agency partnered with Standard & Poor's Global Ratings, has announced its inaugural credit rating for MB Shinsei Finance Co., Ltd., trading as Mcredit, as A with a ‘stable’ outlook.
public bank vietnam completes acquisition of rhb securities vietnam

Public Bank Vietnam completes acquisition of RHB Securities Vietnam

Public Bank Vietnam Limited, a wholly-owned subsidiary of Malaysia's Public Bank Berhad, has acquired an entire stake in RHB Securities Vietnam Company Limited.
ifc offers 150 million financing package to seabank

IFC offers $150 million financing package to SeABank

The International Finance Corporation (IFC) is providing a financing package of $150 million to Southeast Asia Commercial Joint Stock Bank (SeABank) to catalyse a viable blue finance market, foster green bonds and support smaller businesses in Vietnam.
banks remain wary of low credit growth

Banks remain wary of low credit growth

Overall weak credit demand in the market, with consumption growth still sluggish, is causing banks that do not meet their credit growth targets to have quotas proactively transferred by the State Bank of Vietnam (SBV) to banks with better capabilities.
shb puts down welcome mat for foreign firms

SHB puts down welcome mat for foreign firms

A financial solution package for overseas-funded firms with outstanding promotions, simple applications, and quick procedures has been rolled out by a Vietnamese bank.
policy on rescheduling debt repayment period extended

Policy on rescheduling debt repayment period extended

The State Bank of Vietnam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.
loan interest rates move slower than deposit rates

Loan interest rates move slower than deposit rates

Amid concerns that the strong push for higher deposit rates by banks will lead to an increase in interest rates, Tran Ngoc Bau, CEO of WiGroup Data and Financial Technology JSC, spoke with VIR’s Nhue Man about expectations for the market.
major commercial banks to lead credit growth in second half of the year

Major commercial banks to lead credit growth in second half of the year

Major commercial banks are readying their resources to lead overall credit growth during the peak season of production, business, investment, and consumption.
norfund grants 30 million convertible loan to seabank

Norfund grants $30 million convertible loan to SeABank

The Norwegian Investment Fund for Developing Countries (Norfund) on June 19 committed $30 million to Hanoi-headquartered SeABank (HSX: SSB) through a convertible loan, which can be converted into SeABank common shares within four years.
low lending rates may boost credit growth

Low lending rates may boost credit growth

A slight increase in deposits recently has not affected lending rates, which banks are keeping low in hopes of facilitating the flow of credit.