01-04-2024 15:23
Garmin Vietnam is expanding its contactless payment service, Garmin Pay, through a collaboration with five major banks, ACB, MB, Sacombank, Techcombank, and Vietcombank, the company announced on April 1.
01-04-2024 14:55
The Ho Chi Minh City Development Joint Stock Commercial Bank on March 29 announced its 2023 audited financial statements, which show it achieved its best-ever results with pre-tax profit exceeding VND13 trillion ($524 million), an increase of 26.8 per cent, consolidating its rapid growth.
01-04-2024 13:32
Vietnam’s economy is expected to continue its success this year as it reinforces its position as a magnet for foreign investors. Lim Dyi Chang, head of commercial banking at UOB Vietnam, spoke with VIR’s Vinh Thanh about the 2024 outlook of Vietnam’s economic growth and how the country climbs up the foreign investment ladder.
01-04-2024 09:37
In recent years, a strong transformation has been witnessed with commercial banks in developing wealth management and investment advisory services. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked to VIR’s Nhue Man about the mutual fund market in Vietnam.
29-03-2024 10:38
Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history.
29-03-2024 08:36
Prime Minister Pham Minh Chinh on March 28 hosted a reception for World Bank (WB) Country Director for Vietnam Carolyn Turk, who came to say goodbye at the end of her tenure.
28-03-2024 10:03
Within the framework of the Vietnam FX Awards 2024 held in Hanoi recently, Bac A Commercial Joint Stock Bank (BAC A BANK) was honoured to be granted the award of Top 5 Banks with the largest foreign exchange trading volume in Vietnam on FX matching year 2023 awarded by the London Stock Exchange Group (LSEG).
27-03-2024 19:14
Military Commercial Joint Stock Bank (MB) has once again been recognised for its leadership in risk management innovation, securing the Model Risk Manager Award from global financial services research and consultancy firm Celent.
26-03-2024 11:37
Commercial banks are taking a firm grip on lending activities, especially for the real estate sector.
26-03-2024 10:00
Some banks are at times reluctant to lend, regardless of their financial standing. Tran Ngoc Bau, CEO of WiGroup, a major provider of economic data and fintech solutions, talked to VIR’s Nhue Man about credit bottlenecks in the current context and how to boost credit growth in a healthy manner.
22-03-2024 17:04
More than 20 banks have cut interest rates for most terms since the end of February. Few banks have increased their rates, only applying the adjustment to a few deposit terms, such as at Sacombank, BacABank, and Saigonbank.
22-03-2024 15:36
With financing from local VC firm Ascend Vietnam Ventures (AVV) and Singapore-based VC firm TNB Aura, agritech startup TechCoop Pte. Ltd. secured over $5 million in equity and debt from local banks on March 21. Ethos Ventures, South Korean impact investor MYSC, and Mandala Capital also participated in the fundraising.
22-03-2024 11:56
Vietnam will experience a breakthrough in foreign direct investment (FDI) attraction to the fields of technology, renewable energy, health, banking and real estate, according to world media.
21-03-2024 15:14
The credit rating organisation Moody's on March 20 updated the outlook for Technological and Commercial Joint Stock Bank (Techcombank) to Stable.
20-03-2024 15:13
The Japanese yen fell to a 16-year low against the euro on Wednesday as the Bank of Japan indicated that monetary policy would remain loose even after shifting out of its negative interest rate environment.