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Thai players solidify position as top investor
08-03-2024 09:00
Thailand’s dynamic engagement in Vietnam, ranging from banking and finance to food and beverages, is strategically driven by shared cultural affinities, favourable demographics, and strong economic prospects.
SBV asked to keep interests low and financial access easier
07-03-2024 16:32
Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) with leading and coordinating governmental ministries and agencies to keep interest rates low and financial access easier for businesses, according to Directive 18/CD-TTg signed on March 7.
USD rate pressures domestic landscape
06-03-2024 09:00
While exchange rates have undergone considerable volatility, witnessing a surge which positively influences import-export activities, the domestic scene faces renewed pressure, attributed to the VND-USD interest rate being at negative levels.
Vietnam’s healthy trading market potential highlighted
05-03-2024 11:22
While trade finance has been developing steadily in Vietnam, banks are taking an active part in exploring new instruments, while advocating for enhanced transparency and streamlined processes within small businesses.
US Fed's favored inflation gauge falls, but price pressures remain
01-03-2024 15:19
The US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month.
Malaysian ringgit undervalued, hoped to trade higher
01-03-2024 10:37
An official of Malaysia’s central bank expected the country's ringgit to trade higher on the back on positive economic prospects.
IFC considers $150 million investment in OCB
01-03-2024 09:38
International Finance Corporation (IFC), a member of the World Bank Group, is considering investment of up to $150 million in Vietnam-based OCB.
Home Credit to sell Vietnam wing to SCB
29-02-2024 09:54
Home Credit Group announced on February 28 that it has signed a conditional framework agreement to sell its Home Credit Vietnam business to The Siam Commercial Bank Public Co., Ltd. (SCB), part of SCBX Public Co., Ltd. (SCBX).
Prospects still cloudy for bancassurance
28-02-2024 11:00
Diverse sentiments persist over bancassurance business prospects at local commercial banks, partly driven by a novel policy move.
Bancassurance changes in the name of sustainability
28-02-2024 09:30
Building full infrastructure for bancassurance is vital to improve the customer experience. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked with VIR’s Hong Dung about the new regulations on bancassurance operations in Vietnam.
Citi announces new global banking head
28-02-2024 07:36
Viswas (Vis) Raghavan will join Citi as global head of Banking and executive vice chair of Citi.
Thailand's SCB poised to acquire Home Credit Vietnam
27-02-2024 16:40
SCB X Pcl, the largest bank in Thailand based on market value, is nearing an agreement to acquire Home Credit's Vietnamese operations.
Hanoi to ask for WB’s help with design of national railway station
27-02-2024 15:31
The Hanoi Department of Transport has proposed the municipal People’s Committee ask for the World Bank (WB)’s assistance in the technical design of the general layout for the Ngoc Hoi national railway station complex.
Lending interest rates continue on downward trend
26-02-2024 12:17
Commercial banks have reduced lending rates in favour of business and production activities, but borrowing remains low.
Bank of Thailand warns of economic recession
23-02-2024 16:20
Thailand's export sector has lost competitiveness in global markets, with the market share of rice shipments falling by more than 50 per cent over the past 20 years, according to the Bank of Thailand (BoT).
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