vietnam seeks mizuho banks expertise

Vietnam seeks Mizuho Bank's expertise

Prime Minister Pham Minh Chinh has proposed a collaboration with Japan's Mizuho Bank, one of the three mega banks in Japan, for the restructuring of Vietnam's underperforming banks.
vietcombank launches the visa infinite credit card

Vietcombank launches the Visa Infinite Credit Card

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) introduced the premium Vietcombank Visa Infinite Credit Card, featuring a pair of unique and exquisite card designs, on December 1.
meeting customer needs bolsters vietcombank

Meeting customer needs bolsters Vietcombank

It is the time of the year that the demand for credit often soars to keep abreast with demand from individuals and businesses at the year-end. Nguyen Thanh Tung, CEO of Vietcombank, scrutinised the lender’s measures to bolster credit growth and surmount challenges in the current context with VIR’s Nhue Man.
banks witness bleak profit results

Banks witness bleak profit results

Throughout the first half of this year, many banks – particularly smaller entities – have witnessed a sharp reduction in their profits.
factors affecting bank profit outlook this year

Factors affecting bank profit outlook this year

Although the profit picture of most banks was upbeat in the first half of this year, the factors that have a key impact on bank performance in the second half are forecast to change.
vietnams banking powerhouses secure spots on forbes global 2000 list

Vietnam's banking powerhouses secure spots on Forbes' global 2,000 list

Forbes last week unveiled its annual list of the 2,000 largest companies worldwide in 2023. In a significant feat, Vietnam's banking sector has made a resounding impact, with Vietcombank, BIDV, VietinBank, Techcombank, and MBBank emerging as prominent players in the global financial arena.
cb on verge of mandatory transfer to vietcombank

CB on verge of mandatory transfer to Vietcombank

Construction Bank (CB) is reaping rewards as it embarks on its ninth year of restructuring, poised to undergo a compulsory transition into becoming a subsidiary of Vietcombank.
local banks seek foreign funding

Local banks seek foreign funding

Saigon-Hanoi Bank (SHB) announced the completion of the transfer of a 50 per cent stake in its consumer finance subsidiary SHB Finance to its Thai partner, Krungsri Bank. Over a year on from initially signing the contract to sell the stake, SHB has now received $78 million from its foreign partner.
vietnams 10 most reputable and efficient public companies in 2023

Vietnam’s 10 most reputable and efficient public companies in 2023

The latest Vietnam Report's analysis provides an overview of the reshuffled rankings within Vietnam's 10 most reputable and efficient public companies for 2023, with Vietcombank securing the top position.
vigilance over bad debt essential

Vigilance over bad debt essential

As bad debts continue to pose a threat to the banking sector's performance, financial authorities are implementing a host of measures to keep tabs on credit quality and mitigate risk to optimise the efficiency of credit institution restructuring.
agribank to receive vnd17 trillion charter capital boost

Agribank to receive VND17 trillion charter capital boost

On the morning of May 13, the National Assembly Standing Committee convened its 23rd session to discuss the provision of supplementary charter capital amounting to VND17.1 trillion ($743.5 million) for Agribank.
modest bank growth projected this year

Modest bank growth projected this year

Last year saw major changes in the banking industry, with total assets of the commercial bank group growing strongly, and most banks entering the race to diversify services. In 2023, challenges lie ahead in the context of a downturn in the real estate cycle and a less positive outlook for exports.
banks anticipate upward momentum in 2023

Banks anticipate upward momentum in 2023

Bank profit is anticipated to be stellar in Q4/2022, with the financial announcement season to take place after the Lunar New Year holiday, providing a catalyst for the industry to advance.
shares open week in red liquidity slips

Shares open week in red, liquidity slips

Shares inched higher on the first day of the week on the Ho Chi Minh Stock Exchange, propped up by Vietcombank’s gain while other blue chips weakened.
vib leads industry in top 50 most effective companies in vietnam

VIB leads industry in 'Top 50 Most Effective Companies in Vietnam'

During the recent ceremony to recognise the 'Top 50 Most Effective Business Companies in Vietnam in 2022,' eight banks with outstanding business performance and sustainable growth rates were named: VIB, Vietcombank, ACB, MB, VPBank, Techcombank, TPBank and SHB.