military bank bolsters app security with facial recognition for safer transactions

Military Bank bolsters app security with facial recognition for safer transactions

Fraud and asset misappropriation are becoming increasingly sophisticated, so Military Bank (MB) has upgraded its online transaction security with facial recognition authentication.
eight bidders win may 14 gold auction

Eight bidders win May 14 gold auction

Eight bidders bought a total of 8,100 taels of SJC-branded gold bullion out of the 16,800 that the State Bank of Vietnam (SBV) offered for sale at the auction held on May 14 morning.
us fed vice chair says interest rates should remain on pause

US Fed vice chair says interest rates should remain on pause

The US central bank should keep interest rates at their current "restrictive" levels until it sees real progress in the fight to lower inflation, a senior Fed official said Monday.
malaysia rok renews currency swap deal

Malaysia, RoK renews currency swap deal

The Central Bank of Malaysia (BNM) announced that it has signed an agreement with its counterpart from the Republic of Korea (RoK) to extend a bilateral swap arrangement by another three years.
ttc agris secures an additional 80 million

TTC AgriS secures an additional $80 million

Thanh Thanh Cong - Bien Hoa JSC (TTC AgriS) completed the signing of a loan agreement worth $80 million with Taiwan's E.SUN Commercial Bank Ltd on May 13.
lenders increase provisioning to protect against bad debt

Lenders increase provisioning to protect against bad debt

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has revealed that the central bank has greenlit a six-month extension of the debt rescheduling policy according to Circular No.02/2023/TT-NHNN.
hdbanks faith in esg pays off for partners and customers

HDBank’s faith in ESG pays off for partners and customers

HDBank is pioneering the internationalisation of its governance practices and is benefiting from the steadfast support of seasoned shareholders and investment funds.
vietnam targets 10 billionaires and top asian business leaders by 2030

Vietnam targets 10 billionaires and top Asian business leaders by 2030

Vietnam has set ambitious targets to have at least 10 billionaires and five of Asia’s most influential entrepreneurs by 2030, according to a newly issued resolution by the Vietnamese government.
vib honoured at digital transformation conference

VIB honoured at digital transformation conference

Vietnam International Bank (VIB) participated in an event on digital transformation in the banking sector hosted by the State Bank of Vietnam (SBV) at the National Convention Centre on May 8.
nui phao mining spreads sustainable values to the community

Nui Phao Mining spreads sustainable values to the community

Hundreds of families have seen positive changes to their lives thanks to a recovery fund established by Nui Phao Mining through Dai Tu Branch of Vietnam Bank for Social Policies in Thai Nguyen province.
banks prepare for strategic partnerships

Banks prepare for strategic partnerships

Several Vietnamese banks are strategically positioning themselves to raise capital and court potential investors to expand their market reach.
thailand faces credit card default risks

Thailand faces credit card default risks

The risk of default on credit card loans rose significantly in the first quarter this year in Thailand, driven by the Bank of Thailand (BoT)'s mandate for a higher minimum payment rate.
singapore urges better stem cell bank supervision

Singapore urges better stem cell bank supervision

Singapore has asked Cordlife, one of Asia's largest stem cell bank providers, to tighten supervision of its processes after improper handling ruined thousands of samples, an official has said.
weak bank reform to facilitate expansion activities

Weak bank reform to facilitate expansion activities

A number of domestic banks are planning to restructure distressed zero-VND banks, but experts warn that the process is fraught with significant risks, such as rising non-performing loans and unresolved debts.
vietnam well placed to benefit from shifting fdi

Vietnam well-placed to benefit from shifting FDI

Amidst evolving supply chain dynamics and intense investing competition, Vietnam continues to emerge as a key player in the Southeast Asian arena. Talking to VIR’s Luu Huong, head of Wholesale Banking at HSBC Vietnam Ahmed Yeganeh shed light on strategies for Vietnam to enhance its appeal for high-calibre foreign investments and bolster labour productivity.