vbsp provides platform for young entrepreneurs

VBSP provides platform for young entrepreneurs

After careful research of plant varieties and market demand, Pham Van Son, from Xuan Binh village in Bac Ninh district, began planting baby cucumbers and melons after securing a loan of VND900 million ($35,500) with preferential interest rates from the Vietnam Bank for Social Policies (VBSP) branch inthe northern province of Bac Ninh.
policy credit improves the quality of life on ly son

Policy credit improves the quality of life on Ly Son

Thanks to Vietnam Bank for Social Policies' (VBSP) lending schemes for disadvantaged areas, many households on the island of Ly Son in Quang Ngai province have capital to invest in activities such as seafood farming, animal husbandry, farming, shops, and homestay services. As a result, the lives of many on the island have drastically changed for the better.
sacombank chairman clears the air on van thinh phat allegations

Sacombank chairman clears the air on Van Thinh Phat allegations

Sacombank's chairman Duong Cong Minh has firmly distanced himself and the bank from any involvement withTruong My Lan and the recent issues surrounding Van Thinh Phat.
bac a bank sets out ambitious business targets

BAC A BANK sets out ambitious business targets

After strong performance last year, BAC A BANK has mapped out new business targets for the 2024-2029 period, with improvements across the board.
mibrand holds brand workshop for banks

Mibrand holds brand workshop for banks

The list of Top 30 banking brands in 2023 saw little change, with Techcombank, MBBank, and TPBank continuing to maintain their leading positions in brand health, while Sacombank brought a significant surprise.
nab innovation centre vietnam expands with new office in ho chi minh city

NAB Innovation Centre Vietnam expands with new office in Ho Chi Minh City

National Australia Bank (NAB) opened a new office in the heart of Ho Chi Minh City on April 25 to support the growth of its investment in Vietnam and help to continue delivering great digital experiences for its customers.
citi vietnam recognised as best corporate bank and best sustainable bank for 2024 by financeasia

Citi Vietnam recognised as Best Corporate Bank and Best Sustainable Bank for 2024 by FinanceAsia

Citi Vietnam has been named Best Corporate Bank and Best Sustainable Bank at the FinanceAsia Awards.
techcombank successfully concludes fourth offshore syndicated loan facility

Techcombank successfully concludes fourth offshore syndicated loan facility

Techcombank has successfully concluded its fourth offshore syndicated loan with 15 banks, providing a strong oversubscription of the $200 million facility.
standard chartered revises down vietnams 2024 gdp growth forecast to 6 per cent

Standard Chartered revises down Vietnam's 2024 GDP growth forecast to 6 per cent

Standard Chartered Bank has lowered its 2024 GDP growth forecast for Vietnam to 6 per cent from the previous 6.7 per cent due to lower-than-expected Q1 growth and global trade headwinds.
japans caddi invests in vietnams fast growing manufacturing industry

Japan's CADDi invests in Vietnam's fast-growing manufacturing industry

CADDi, a leading manufacturing solutions provider from Japan, is banking on Vietnam's manufacturing industry with the recent launch of its CADDi Drawer, a flagship product innovation to accelerate the digital transformation process in Vietnam. Daisuke Takei, CEO of CADDi Vietnam, spoke with VIR's Thanh Van about Vietnam's manufacturing market and the company's expansion plan.
softening demand to limit 2024 trade

Softening demand to limit 2024 trade

A slowdown in Vietnam’s trade is expected to undermine the nation’s current account, which is projected to remain positive this year on account of waning global demand and domestic production difficulties.
vietnam should explore tax on gold investments amid auction strategy expert

Vietnam should explore tax on gold investments amid auction strategy: expert

This week, the State Bank of Vietnam (SBV) orchestrated a gold bar auction to stabilise the gold market. Prof. Tran Tho Dat, an economic advisor to the prime minister, mentioned that in addition to the auctions, allowing gold imports and imposing taxes on gold investment activities were necessary measures.
techcombank targets strategic investor and announces dividend

Techcombank targets strategic investor and announces dividend

At Techcombank’s 2024 AGM on April 21, shareholder interest was notably high due to the bank's approach to dividends after several years of restrained distributions. Discussions also focused on seeking potential strategic investors to enhance shareholder value and on adopting a targeted approach to attract the affluent customer segment.
mb aiming for 30 million customers by end of year

MB aiming for 30 million customers by end of year

At the 2024 AGM of Military Commercial Joint-Stock Bank (MB) in Hanoi on April 19, the bank unveiled ambitious business targets and strategic directions ahead of its 30th anniversary in November.
mb finalises strategy for acquisition of distressed bank

MB finalises strategy for acquisition of distressed bank

At Military Bank's (MB) AGM on April 19, CEO Pham Nhu Anh revealed that the bank has completed all necessary procedures for the compulsory transfer of a troubled bank, with a target completion date set for this year or 2025, contingent on government approval.