acv secures 18 billion in syndicated loans for long thanh airport ensuring on schedule completion by 2026

ACV secures $1.8 billion in syndicated loans for Long Thanh Airport, ensuring on-schedule completion by 2026

Airports Corporation of Vietnam (ACV) has secured a $1.8 billion loan from three state-owned banks over a 20-year term to finance the construction of Long Thanh International Airport.
state bank announces 4th gold bar auction to stabilise prices

State Bank announces 4th gold bar auction to stabilise prices

The State Bank of Vietnam (SBV) on May 7 announced a morning auction for a total of 16,800 taels of gold in Hanoi on May 8.
gold at historic peak auctions receive lukewarm reception

Gold at historic peak, auctions receive lukewarm reception

Gold prices reached a historic peak last week after consecutive auction sessions held by the State Bank of Vietnam (SBV) were met with lukewarm enthusiasm.
key driver gains a must for growth

Key driver gains a must for growth

Only slight order number improvements and enterprise confidence sentiment mean it may be difficult for the country to hit its desired growth goals this year.
exchange rate pressures could affect interest rates

Exchange rate pressures could affect interest rates

The VND/USD exchange rate has increased by 4.9 per cent since the beginning of the year, compared to an increase of 2.6 per cent for the whole of 2023. This exchange rate pressure is expected to lead to an increase in interest rates, according to the State Bank of Vietnam (SBV).
new independent director hopes to add value to techcombank

New independent director hopes to 'add value' to Techcombank

World-class banking veteran Eugene Keith Galbraith hopes to add value by drawing on his vast experience in Indonesia to help Techcombank achieve its vision of becoming a top bank in the region and the partner of choice for customers.
vietnams swiftly aging population prompts strategic government initiatives

Vietnam's swiftly aging population prompts strategic government initiatives

The Asian Development Bank (ADB) disclosed on May 2 that developing nations in the Asia-Pacific region, including Vietnam, are inadequately prepared to secure the welfare of their swiftly ageing populations.
mufg pilots sustainable deposit scheme in vietnam

MUFG pilots sustainable deposit scheme in Vietnam

MUFG has piloted sustainable deposits in Vietnam with placements by Taikisha Vietnam Engineering, Acecook Vietnam, and Arcelik Hitachi Home Appliances Sales Vietnam.
vpbanks strategy to revitalise zero dong bank

VPBank's strategy to revitalise 'zero-dong bank'

At its recent AGM on April 29, questions were posed about VPBank's engagement in the restructuring of financially distressed banks, often referred to as 'zero-dong bank'.
vpbank highlights smbc deal at agm

VPBank highlights SMBC deal at AGM

Nguyen Duc Vinh, CEO of VPBank, spoke of the significant strides made last year at the bank's AGM on April 29, despite the challenges. A highlight of the year was VPBank selling a stake to Sumitomo Mitsui Banking Corporation (SMBC), infusing nearly $1.5 billion into the bank and positioning VPBank for growth as the economy recovers.
forecasts upbeat for banks 2024 profits

Forecasts upbeat for banks’ 2024 profits

Vietnam’s banking sector is projecting a period of robust growth and profitability, underpinned by strong first-quarter performances and optimistic forecasts for economic recovery and credit expansion.
hcm citys police bust major money laundering ring

HCM City"s police bust major money laundering ring

The Ho Chi Minh City Department of Public Security’s Investigation Police Agency on April 27 busted a large-scale money laundering and illegal cross-border currency transfer ring.
truong my lan appeals against death sentence in bank fraud case

Truong My Lan appeals against death sentence in bank fraud case

Truong My Lan, Chairwoman of property developer Van Thinh Phat Group, on April 26 filed an appeal against the entire first-instance verdict in the case that occurred at Van Thinh Phat Group JSC, Saigon Commercial Bank (SCB) and relevant companies, units and organisations.
sluggish growth and risks abound in banking arena

Sluggish growth and risks abound in banking arena

A handful of banks have released their latest financial figures. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked to VIR’s Hong Dung about the low profits for some, and potential risks in the industry.
banks adjust timelines for raising capital

Banks adjust timelines for raising capital

Several Vietnamese banks are strategically positioning themselves to raise capital and court potential investors to expand their market reach.