consumer finance in sights of megabanks

Consumer finance in sights of megabanks

The consumer finance industry in Vietnam continues to be buffeted by pandemic-induced turmoil, but certain overseas investors are seeking novel responses to capitalise on the country’s tremendous promise.
tax authorities ask for estate transactions through banks

Tax authorities ask for estate transactions through banks

All real estate transactions must be implemented through banks, the General Department of Taxation has proposed to the Ministry of Finance.
korean banks buckle up for expansion

Korean banks buckle up for expansion

The four largest financial behemoths of South Korea are attempting to advance in Vietnam, highlighting the country’s robust development prospects.
hdbank and thought machine to strengthen digitalisation in finance and banking

HDBank and Thought Machine to strengthen digitalisation in finance and banking

On February 25, within the official visit of President Nguyen Xuan Phuc to Singapore, HDBank has signed a cooperation agreement with Thought Machine – the core banking solution provider to first-tier banks in the world.
these banks have the most extensive networks in vietnam

These banks have the most extensive networks in Vietnam

State-owned banks lead the board when it comes to the number of branches and transaction offices in Vietnam.
euro banks offering green solutions

Euro banks offering green solutions

European financial institutions are displaying their optimism about Vietnam’s sustainability path by fostering green financing alternatives, thus empowering the country to fulfil its net-zero carbon emission promise by 2050.
banks to leverage evfta adjustments

Banks to leverage EVFTA adjustments

With commitments under the EU-Vietnam Free Trade Agreement, local authorities are contemplating relaxing foreign ownership constraints that have previously hindered bank mergers as mandated by the accord.
britcham proposes solutions to boost vietnams economic recovery at vbf

BritCham proposes solutions to boost Vietnam’s economic recovery at VBF

The reopening of borders, liquidity, and the ability for banks to support economic growth, as well as the maintenance of policy reforms and the streamlining of administrative processes, are proposals of BritCham to boost Vietnam’s recovery of the economy.
banks stepping up inclusivity with female based products

Banks stepping up inclusivity with female-based products

Thanks to profound collaboration with international credit institutions, Vietnam’s banks are levering their nationwide financial inclusion commitment for women-led enterprises through a range of gender-specific initiatives.
credit contract for the last ppp section of the north south expressway signed

Credit contract for the last PPP section of the North-South Expressway signed

The investors of the Dien Chau-Bai Vot section of the Eastern Cluster of the North-South Expressway planned for 2016-2020, together with involved banks, signed a VND3.56 trillion ($154.8 million) credit contract on February 12, paving the way for the acceleration of the project.
shareholders of banks enjoy fruitful earnings as stocks flourish

Shareholders of banks enjoy fruitful earnings as stocks flourish

The banking group, one of the most favoured stock groups on the Vietnamese stock market, is yielding fruitful earnings for investors.
sixteen banks cut over vnd212 trillion for pandemic hit customers

Sixteen banks cut over VND21.2 trillion for pandemic-hit customers

Sixteen commercial banks cut over VND21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 per cent, the State Bank of Vietnam (SBV) reported on Wednesday.
banks reach for the stars with tie ups

Banks reach for the stars with tie-ups

The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower. Meanwhile, a revision of the regulatory regime is expected to bring the domestic banking sector into line with international standards.
banks prioritise loans for at risk businesses

Banks prioritise loans for at-risk businesses

Banks’ loan allocations will be distributed to much-needed sectors, such as production, while the central bank pledges to impose strict oversight over at-risk enterprises, notably over their real estate holdings, hazardous corporate bonds, and stocks in 2022.
asean committee in czech republic supports local people amid covid 19

ASEAN Committee in Czech Republic supports local people amid COVID-19

Ambassadors and representatives of six countries in the ASEAN Committee in Prague (ACP) presented foodstuff to the Czech Federation of Food Banks on January 20.