banking giants massively lay off staff

Banking giants massively lay off staff

Amid difficult business and many uncertainties, large banks all over the world save costs by laying off staff and using AI.
agribank furthers growth of thriving rural areas

Agribank furthers growth of thriving rural areas

Vietnam Bank for Agriculture and Rural Development (Agribank) has made great contributions to the success of their customers and brought development and prosperity to Vietnam’s farthest corners.
asset quality notable in banks 2023 business results

Asset quality notable in banks' 2023 business results

The banking industry saw an increase in profits last year, with asset quality still a notable point in banks' business results. Tran Thi Khanh Hien, director of MBS' Research Division, talked to VIR's Hong Dung about these results.
experts share mixed sentiments on forex in 2024

Experts share mixed sentiments on forex in 2024

Banking experts have mixed views about the foreign exchange situation amid volatile landscape at home and abroad.
record low interest rates drive early year credit growth

Record-low interest rates drive early-year credit growth

Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday).
dai ichi life vietnam ties up with banking partners

Dai-ichi Life Vietnam ties up with banking partners

Dai-ichi Life Vietnam has constantly improved technology and invested in the digital ecosystem to keep up with the rapidly evolving trend of digital technology.
hdbank posted record profit for 2023

HDBank posted record profit for 2023

With its sustainable development strategy and effective risk management, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) sailed through last year's troubled waters to achieve high growth across all indicators.
ip developers hungry for financial bankroll

IP developers hungry for financial bankroll

Limited financial resources for industrial park technical infrastructure is preventing new investments and project expansions.
safeguards to be met with credit reform

Safeguards to be met with credit reform

Vietnam’s new banking reform regulations introduces stringent ownership limits for individual and organisational shareholders in credit institutions to mitigate risks associated with cross-ownership and enhance financial stability.
banking sector gets ball rolling on 2024 performance

Banking sector gets ball rolling on 2024 performance

Forecasts for Vietnam from financial institutions are optimistic for this year, primarily due to policies for reducing interest rates and bolstering digitalisation.
complex 2023 fails to dent bank objectives

Complex 2023 fails to dent bank objectives

Vietnam’s banking sector could face a dip in asset quality but anticipates a more favourable environment in 2024 in general, with a forecasted growth in pre-tax profits.
ownership tweaks show commitment to improve

Ownership tweaks show commitment to improve

The amended Law on Credit Institutions was passed on January 18. Banking trainer and consultant Le Hoai An discussed the impact of this with VIR’s Nhue Man and the adjustment of the maximum institutional ownership capital in commercial banks.
banks saw profit spike in q4

Banks saw profit spike in Q4

Several banks saw a significant improvement in the fourth quarter (Q4) last year, leveraging credit growth and improved efficiencies to tackle bad debts.
various sectors in midst of digital boom

Various sectors in midst of digital boom

In the ever-changing landscape of Vietnam's growing economy, the IT sector holds significant importance.
ho chi minh city seeks investors for 67 billion green projects

Ho Chi Minh City seeks investors for $6.7 billion green projects

Ho Chi Minh City is calling for investments in 28 projects, worth around VND160 trillion (over $6.7 billion), dedicated to green growth objectives. These projects were introduced at a conference on January 24 at Lotte Hotel.