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$100m risk sharing agreement to promote green trade in Asia

18-01-2024 11:09

On January 18, the Asian Development Bank (ADB) and British International Investment (BII), the UK's development finance institution and impact investor, announced a new partnership to finance up to $100 million of green trade transactions in South and Southeast Asia, beginning in Vietnam.

Lenders to benefit from refinements

18-01-2024 10:05

A new strategic regulatory reform by Vietnam’s central bank aims to balance risk management with robust credit expansion, particularly in sectors pivotal to the country’s economic growth.

A different approach for monetary policy adjustments

18-01-2024 09:59

Data from the State Bank of Vietnam showed that after a 5.5 per cent increase in money supply in 2022, there was a 13 per cent increase last year. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked to VIR’s Hong Dung about the current money supply and velocity.

World Bank approves $231 million for Binh Duong Water Improvement Project

16-01-2024 17:06

On January 12, the World Bank Board of Directors approved the Binh DuongWater Environment Improvement Project, which will focus on water quality and wastewater treatment for over half a million residents in southern Vietnam.

Banking institutions expect advances

16-01-2024 15:04

Global political and economic uncertainties will persist in 2024, but as governments find a more common voice, it is expected that the banking and financial panorama will become brighter.

Global banks high on GDP prospects

16-01-2024 09:36

With a recovering economy in 2023, Vietnam has earned upbeat growth projections from international organisations for this year.

BAC A BANK offers new loans with preferential rates

16-01-2024 09:32

To support quality of life and business activities in the first six months of this year, and to contribute to giving customers a brilliant start to 2024, Bac A Commercial Joint-Stock Bank (BAC A BANK) has launched personal credit programme incentives named “Convenient loans and financial stability.” This scheme has flexible terms for loan durations and is suitable for diverse capital use purposes.

Expert predictions on forex in 2024

15-01-2024 18:45

Experts forecast a more moderate exchange rate movement in 2024 despite current stormy conditions.

Outstanding credit forecast to grow 14.2 per cent this year

15-01-2024 15:59

Outstanding credit of the banking system is forecast to increase 4.4 per cent in the first quarter and 14.2 per cent in 2024, up 0.4 percentage point from the previous prediction of 13.8 per cent.

Banks remain prudent about 2024 targets

12-01-2024 15:40

Major state lender Vietcombank has just released its 2023 figures, with results across a variety of areas exceeding expectation. The Hanoi-headquartered bank saw $59.5 billion in deposit volume, up over 12 per cent on-year, and outstanding balances amounting to $53.58 billion, showing a 10.6 per cent jump on-year.

Vietnam is a priority market for Greater Bay Area businesses in ASEAN

10-01-2024 14:15

Vietnam is one of the priority markets for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to expand sales and outsource production in ASEAN, according to a research report released by the Hong Kong Trade Development Council (HKTDC) and United Overseas Bank (UOB) on January 9.