techcombank landmarks show vietnams potential

Techcombank landmarks show Vietnam’s potential

Record-breaking syndicated financing for one of Vietnam’s most interesting banks tells us much about investor sentiment towards the borrower and the country.
ensuring optimal funding efficiency in flexible context

Ensuring optimal funding efficiency in flexible context

Globally, inflation has reached a record level in the past four decades due to two main factors. Firstly, central banks around the world have pumped out a big chunk of money to aid the economic rebound. For instance, Japan has pumped out a money volume equal to 58 per cent of its GDP, and the figure for the US is 30 per cent.
big banks hike deposit interest rates

Big banks hike deposit interest rates

Large banks are starting to join the deposit interest rate hike race along with small- and medium-sized banks due to rising capital demand pressure after a long time staying out of the game.
vietnam report announces top 10 prestigious banks

Vietnam Report announces Top 10 prestigious banks

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2022.
revenue remains a major concern for many commercial banks during digital transformation

Revenue remains a major concern for many commercial banks during digital transformation

Digital transformation should be considered an ongoing process for banks, in which competition and cooperation with other partners are top priorities to enhance the customer experience, according to Luu Trung Thai, vice chairman of the board and CEO of Military Commercial Joint Stock Bank (MB Bank).
digital strategy for banks to lead the game in neobank era

Digital strategy for banks to lead the game in neobank era

The development of fintech companies and the emergence of neobanks have been creating a fierce race in the banking and finance industry. FPT IS and Temenos have recently discussed optimal approaches with the banking industry's leaders about how to lead the race.
banks seek further capital injections to boost strength

Banks seek further capital injections to boost strength

Many banks have been on a charter capital hike after holding their 2022 general annual shareholder meetings (AGM) and are intensively preparing capital injections to boost their strength.
orphan contracts cause issues in bancassurance

Orphan contracts cause issues in bancassurance

Many bank clients have bought insurance through their banks (bancassurance), but they have received no support from the institutions when problems arose.
struggling lenders on verge of takeover

Struggling lenders on verge of takeover

The merger and acquisition outlook of Vietnamese banks, particularly acquiring faltering credit institutions to reorganise them, is picking up pace.
gigantic potters wheels at bat trang pottery museum

Gigantic potter’s wheels at Bat Trang Pottery Museum

Inspired by potter’s wheels intersecting with each other, the Centre for Vietnamese Craft Village Quintessence was built in the heart of the ancient Bat Trang pottery village in Hanoi. Spanning 3,300 square metres, the centre is some 15 kilometres from the capital’s downtown area on the banks of the Bac Hung Hai River, which runs through the city and Bac Ninh, Hung Yen, and Hai Duong provinces.
banks anticipate real estate credit rally

Banks anticipate real estate credit rally

As the Vietnamese authorities continue to tighten controls on potentially hazardous industries, financial institutions are beginning to place more restrictions on real estate-backed loans.
standard chartered bank gears efforts to broaden sustainability footprint

Standard Chartered Bank gears efforts to broaden sustainability footprint

Sustainability and green development has become vital across the board, including in the finance and banking sector. Harmander Mahal, head of Consumer, Private, and Business Banking for Vietnam and Asia Cluster Markets at Standard Chartered Bank highlights the bank’s activities to grow stronger and best serve customers and partners through the crafting of a sustainable product suite.
banks told to rollout low interest businesses loans

Banks told to rollout low-interest businesses loans

Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.
sbv warns about increasing bad debts cross ownership and risks of bot projects

SBV warns about increasing bad debts, cross-ownership, and risks of BOT projects

The State Bank of Vietnam (SBV) earlier this week reported on the evaluation of the execution of Resolution No.42/2017/QH14 on piloting bad debt settlement of credit organisations at the 15th National Assembly session.
banks under pressure despite positive credit recovery

Banks under pressure despite positive credit recovery

Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, provisions and deposit interest rates.