vib drives digital banking innovation with temenos latest version of banking platform powered by aws

VIB drives digital banking innovation with Temenos’ latest version of banking platform powered by AWS

Vietnam International Bank (VIB) is delighted to announce the implementation of the Temenos Core Banking solution on cloud this week in collaboration with Amazon Web Services (AWS) and ITSS.
sbv injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
basel iii and its implications for banks in vietnam

Basel III and its implications for banks in Vietnam

Partner of Consulting and Financial Services Vo Quoc Khanh and director of Consulting and Financial Services Nguyen Huy Cuong, from EY Consulting Vietnam, delve into the notable updates of Basel III compared to Basel II, and its impacts on bank operations.
hsbc reports record profit of 303 bn in 2023

HSBC reports 'record profit' of $30.3 bn in 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.
malaysias public bank vietnam to take over rhb securities vietnam

Malaysia's Public Bank Vietnam to take over RHB Securities Vietnam

Public Bank Vietnam Limited (PBVN), a wholly-owned subsidiary of Malaysia's Public Bank Berhad (PBB), is acquiring an entire stake in RHB Securities Vietnam Company (RHBSVN) for about $15.2 million.
tourism fuels up as rising economic engine for vietnam

Tourism fuels up as rising economic engine for Vietnam

As a rising economic engine, Vietnam's tourism industry is set for healthy growth with a shift towards premium tourism and business travel, according to a report released by Maybank Vietnam on February 21.
australias anz suncorp overcome objection to major merger

Australia's ANZ, Suncorp overcome objection to major merger

Australia's ANZ and Suncorp banks jumped a big hurdle in their proposed US$3.2 billion merger Tuesday, as a tribunal overrode a consumer watchdog's concerns.
pm instructs action for stock market upgrade

PM instructs action for stock market upgrade

Prime Minister Pham Minh Chinh has instructed the Ministry of Finance, State Bank of Vietnam and the Ministry of Planning and Investment to address obstacles in relevant sectors for upgrading the stock market from frontier to emerging status.
heading into an enthralling 2024

Heading into an enthralling 2024

Vietnam in 2023 could be most remembered for strengthening cross-border ties, pushing through new laws, or taking action to weather the storms created by trade issues, geopolitical conflict, inflation, and the post-pandemic landscape. CEOs, legal advisors, and directors across tech, banking, retail, real estate, and more reveal what they thought of the previous 12 months in Vietnam, and offer their projections for the barriers and boosts to come during the Year of the Dragon.
mizuho secures a 15 per cent stake in kisetsu saison

Mizuho secures a 15 per cent stake in Kisetsu Saison

Mizuho Financial Group, one of Japan's top financial institutions, is set to acquire a 15 per cent share in India's Kisetsu Saison Finance, an online lending platform catering to individuals and small enterprises.
significant reasons to be optimistic on growth

Significant reasons to be optimistic on growth

It is certainly easy to be pessimistic about the Year of the Dragon in Vietnam. Inflation seems to remain stubbornly high, the real estate market appears to be in a holding pattern, the banking system has faced a major shock recently, and the stock market remains range bound – just to name a few of the significant reasons to be pessimistic about the economy and stock markets in Vietnam this year.
multi pronged approach to fortify monetary policy

Multi-pronged approach to fortify monetary policy

It has been a period of heightened global economic tribulations, with Vietnam facing its share. State Bank of Vietnam Deputy Governor Dao Minh Tu spoke with VIR’s Hong Dung about its initiatives to enhance bank capital access for businesses and individuals, and catalysing economic recovery.
comprehensive approach will engage real estate

Comprehensive approach will engage real estate

Around the world, investment in real estate is competitive, and investors compete for capital from a variety of non-bank financial sources, including private funds, sovereign wealth funds, and international financial institutions such as the International Finance Corporation (IFC), real estate investment trusts, and hedge funds.
credit law creates banking safeguards

Credit law creates banking safeguards

The latest amendment of Vietnam’s Law on Credit Institutions is set to significantly enhance the banking sector’s resilience and transparency, profoundly impacting its operational landscape and consumer accessibility.
climate funds begin to make waves with domestic entities

Climate funds begin to make waves with domestic entities

The increasing focus on sustainable and eco-friendly initiatives in Vietnam is evident, with major financial institutions and cities launching substantial green investment funds.