credit card market rising alongside alternative habits

Credit card market rising alongside alternative habits

Vietnam’s domestic credit card market has significant growth potential, and promoting further it will require preferential transaction fees, expanding card usage ecosystems, and enhancing electronic payment security measures.
banks struggle to increase casa ratio amid low credit growth

Banks struggle to increase CASA ratio amid low credit growth

The current account savings account (CASA) ratio witnessed a significant decline in the first three months of this year, prompting banks to almost unanimously adopt technology policies and 'zero fee' initiatives to attract new customers.
mobilising efficient capital for biodiversity positive economy

Mobilising efficient capital for biodiversity-positive economy

Biodiversity loss affects every single aspect of life, including economic activities and the financial system. This is because many economic and financial activities depend on ecosystem services which are threatened due to the unprecedented global biodiversity loss, according to a trailblazing report published by the World Bank in 2023 which investigated the biodiversity risks of the banking systems in 20 emerging markets.
eleven bidders win may 23 gold auction

Eleven bidders win May 23 gold auction

Eleven bidders bought 13,400 out of the 16,800 taels of SJC-branded gold bullion that the State Bank of Vietnam (SBV) offered for sale at an auction held on May 23.
hdbank releases 2024 sustainable development report

HDBank releases 2024 Sustainable Development Report

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) published its 2024 Sustainable Development Report on May 23, the first of its kind in the banking sector.
ifc fully divests from abbank

IFC fully divests from ABBank

International Finance Corporation (IFC), a member of the World Bank Group, has sold 84.8 million shares or an 8.2 per cent stake in ABBank, according to a planned divestment roadmap.
how to best navigate the esg challenges in banking

How to best navigate the ESG challenges in banking

Environmental, social, and governance (ESG) considerations have become increasingly integral to investing and corporate strategies across industries, especially the financial sector.
sbv gold auction sells 7900 taels

SBV gold auction sells 7,900 taels

A gold auction held by the State Bank of Vietnam (SBV) on May 21 sold 7,900 taels (70 lots) of SJC-brand gold bullion to nine different bidders.
thailands kbank offers 44 million loan to bw

Thailand's KBank offers $44 million loan to BW

KBank, one of Thailand's leading banks, and BW Industrial Development Joint Stock Company, Vietnam's leading for-rent logistics and industrial platform, have announced a strategic financial partnership aimed at propelling the country's industrial and logistics sectors to new heights.
vietnam finalises valuation of three banks for mandatory acquisition

Vietnam finalises valuation of three banks for mandatory acquisition

The Vietnamese government has completed the valuation of three banks for mandatory acquisition, with plans to present the proposal for approval in May, aiming to finalise the process by the end of the year.
eleven bidders win latest gold auction

Eleven bidders win latest gold auction

Eleven bidders bought a total of 12,300 out of the 16,800 taels of SJC-branded gold bullion that the State Bank of Vietnam (SBV) offered for sale at an auction held on May 16.
commercial banks credit growth picture in q1 through expert lens

Commercial banks' credit growth picture in Q1 through expert lens

Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked with Hong Dung on the credit landscape in the first quarter of this year, its impacts on banking stocks' performance, and how some banks have tackled current challenges to achieve better growth.
open banking being embraced in vietnam

Open banking being embraced in Vietnam

Open banking in Vietnam is evolving from traditional closed systems to a collaborative ecosystem, driven by customer demand and innovative partnerships, with forthcoming rules set to streamline standards and integration.
financial institutions adjust real estate lending tactics

Financial institutions adjust real estate lending tactics

Recent adjustments in lending terms by various banks signal a broader effort to adapt financial products to Vietnam’s evolving real estate sector.
citi saw significant energy transition investment in 2023

Citi saw significant energy transition investment in 2023

In the 2023 Climate Report, Citi provides an update on the progress the bank is making towards its net-zero commitment, how it is managing environmental risk, and details the impact of its climate strategy over the past year.