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VIB launches loan package to refinace existing loans for townhouses and apartments
16-07-2024 18:45
Vietnam International Bank (VIB) is offering a loan package for customers looking to refinance existing loans from other banks to buy townhouses and apartments.
Recent data adds to Fed confidence on cooling inflation: Powell
16-07-2024 17:53
Federal Reserve Chair Jerome Powell said Monday that recent data boosts the central bank's confidence that inflation is coming down towards its two percent target -- a trend that signals interest rate cuts on the horizon.
Riverfront Financial Centre a new landmark in Ho Chi Minh City
16-07-2024 14:00
Riverfront Financial Centre has opened in Ho Chi Minh City, becoming the most modern office building in the southern business hub.
AIIB to spend $75 million on green and blue SeABank bonds
15-07-2024 18:48
The Asian Infrastructure Investment Bank (AIIB) is commited to investing $75 million into green and blue bonds to be issued by Southeast Asia Commercial Joint Stock Bank (SeABank).
Compulsory e-signature might be cost burden: banking association
15-07-2024 17:02
The Vietnam Banking Association has sent a document to the Ministry of Information and Communications with regard to the draft decree on electronic signatures, saying that if they are made compulsory in banking transactions, it might become a cost burden to both users and enterprises.
Banks pump over 18.88 billion USD into economy in June
15-07-2024 16:39
Banks lent more than 480 trillion VND (18.88 billion USD) to economic entities in June, demonstrating the sector’s efforts in concretising the Government’s credit goal of 5-6 per cent to the end of Q2.
Interest rate hike may not be suitable answer
15-07-2024 15:00
Raising interest rates amid low credit growth will negatively impact the economy and are not the optimal solution for stabilising the current high exchange rate, economists have said.
Deposit interest rates continue to rise
13-07-2024 13:29
Banks have continued to raise deposit interest rates to the highest levels seen in the past year, with some banks offering over 6 per cent per annum.
Advantech Vietnam secures a $314,000 loan from JBIC
12-07-2024 18:55
Japan Bank for International Cooperation (JBIC) has signed a loan agreement with Tokyo-headquartered Advantech Co. Ltd., the parent company of Advantech Vietnam.
VPBank and IFC to offer $150 million to coffee exporters
12-07-2024 18:53
A major Vietnamese bank and the International Finance Corporation (IFC) have collaborated to provide $150 million in supply chain financing for coffee-exporting companies in Vietnam.
MB committed to supporting South Korean businesses
12-07-2024 09:41
Luu Trung Thai, chairman of Military Commercial Joint Stock Bank (MB), reaffirmed the bank's commitment to developing a comprehensive digital platform to enhance interaction efficiency and expand opportunities for the South Korean business community investing in Vietnam.
VinFast seeks $250 million loan from Indonesian banks for Subang Assembly plant
12-07-2024 09:30
According to a report on July 10 by Bloomberg, VinFast, the Vietnamese electric vehicle (EV) manufacturer, is seeking a loan of approximately $250 million from Indonesian banks to construct an assembly plant in Subang.
Banks continuing to plan cautious growth
10-07-2024 11:00
Vietnamese banks are significantly increasing their charter capital to strengthen financial stability and support growth.
Lenders stress importance of biometric measures
10-07-2024 09:23
The Vietnamese banking sector’s implementation of biometric verification for transactions has significantly enhanced payment safety and fraud prevention, despite initial technical challenges and substantial resource requirements.
Vietcombank preparing to sell 6.5 per cent stake to Mizuho and other shareholders
09-07-2024 12:00
Vietcombank is preparing for a private placement of 6.5 per cent of its charter capital to strategic shareholder Mizuho and a number of other shareholders, according to ACB Securities (ACBS).
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