banks containing threats of bad debt

Banks containing threats of bad debt

The credit quality of BaoViet Bank has receded as the bank’s non-performing loans (NPL) climbed to almost $70 million by the end of 2023, showing a near 50 per cent jump compared to the start of the year.
ho chi minh city needs to start carbon credit market quickly

Ho Chi Minh City needs to start carbon credit market quickly

On the sidelines of an investment conference centred around green growth on January 24, Muthukumara S. Mani, Lead Environmental and Climate Change Economist, Southeast Asia Region at the World Bank, spoke with VIR’s Bich Ngoc on the importance of the Vietnam’s carbon credit market development.
world bank to support ho chi minh city on carbon credits

World Bank to support Ho Chi Minh City on carbon credits

The opportunities and challenges presented by operating a carbon credit market in Ho Chi Minh City in line with the World Bank were the main talking points of a meeting on January 24 between Chairman of Ho Chi Minh City People's Committee Phan Van Mai and World Bank experts at an investment conference centred around green growth on January 24.
ai spotlight here to stay

AI spotlight here to stay

Through the key trends of payments, AI and environmental, social, and governance (ESG) criteria are paving the way for further innovation in Vietnam.
central bank policies will address modest slowdown

Central bank policies will address modest slowdown

The global economy currently presents a complex landscape, marked by both challenges and opportunities. From the modest slowdown in global growth to the burgeoning economic sectors in various regions, the picture is as varied as it is interconnected.
gaps closed thanks to credit law reforms

Gaps closed thanks to credit law reforms

Vietnam’s revised Law on Credit Institutions introduces broad reforms aimed at enhancing banking sector governance, transparency, and efficiency.
ecb to signal no rush to cut interest rates

ECB to signal no rush to cut interest rates

European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they are in no hurry to start slashing borrowing costs despite progress against inflation.
us fed official says premature to expect rate cuts soon

US Fed official says 'premature' to expect rate cuts soon

The US Federal Reserve's fight against inflation is far from over and it is "premature" to expect rate cuts around the corner, a senior US central bank official said Friday.
wanted crypto boss do kwons terraform files for us bankruptcy

Wanted crypto boss Do Kwon's Terraform files for US bankruptcy

South Korean entrepreneur Do Kwon's Terraform Labs, whose cryptocurrencies crashed dramatically in 2022, is seeking bankruptcy protection in the United States, according to court documents filed Sunday.
fmo proposes 15 million investment in vietnamese shrimp producer

FMO proposes $15 million investment in Vietnamese shrimp producer

Dutch Entrepreneurial Development Bank (FMO) is mulling a credit package of $15 million for Vietnamese shrimp producer Camimex Group JSC.
european financial group seb eyes expansion in vietnam

European financial group SEB eyes expansion in Vietnam

SEB Group, a prominent European financial services group with a history dating back to 1856, has recently expressed significant interest in extending its business operations to the Vietnamese market.
us fed rate cuts could come before third quarter official

US Fed rate cuts could come before third quarter: official

The US Federal Reserve could begin cutting interest rates "sooner than the third quarter" of this year, a voting member of the central bank's rate-setting committee said Thursday.
mb and gilimex sign strategic cooperation agreement

MB and Gilimex sign strategic cooperation agreement

On January 18 in Hanoi, the signing ceremony took place for a strategic cooperation agreement between Military Bank (MB) and Gilimex Industrial Park JSC (Gilimex).
coro energy receives finance offer from hdbank

Coro Energy receives finance offer from HDBank

On January 18, Coro Energy PLC, a Southeast Asian energy company with a natural gas and clean energy portfolio, announced the receipt of an in principle offer from HDBank for project debt financing.
banks get go ahead for capital increases

Banks get go-ahead for capital increases

Many banks in Vietnam have received approval for substantial capital hikes, signalling a strategic effort to fortify the financial sector and enhance several essential ratios.