11-12-2021 11:48
Life insurers are competing for a larger share of Vietnam’s thriving insurance business, as seen by the ambitions to expand their footprint and form alliances with commercial banks in the country.
11-12-2021 11:43
While state-owned banks are dominating the domestic credit and debit card categories, privately-held banks in Vietnam are expanding their international payment footprint.
10-12-2021 13:49
Digital banks and fintech startups are increasingly offering innovative products and solutions targeting the unbanked and underserved consumers post-pandemic.
06-12-2021 14:56
Small- and medium-sized enterprises, which form the brunt of the domestic private sector, play a vital role in the Vietnamese economy. However, the segment has been hit hard by the COVID-19 pandemic, prompting banks to roll out various support initiatives.
30-11-2021 12:09
Five years of banking reform are at risk of being wiped away if the bad debt ratio rises again, requiring new legislation for debt settlement with judicious changes to the present framework. Nevertheless, the detrimental influence of the pandemic is not predicted to significantly lower banks’ profit adjustment, credit growth, or net interest margin.
26-11-2021 10:00
Government bonds may be a good measure to mobilise funds for the economic recovery plan. However, businesses may find it difficult to borrow capital in foreign currency from banks.
25-11-2021 12:08
Banks are showing strong desire in bond issuance activities, while real estate developers have lowered the extent of their bond-related capital mobilisation efforts.
25-11-2021 08:50
Ho Chi Minh City-based Viet Capital Securities JSC (HSX: VCI) has just announced its $100 million syndicated loan contract with a consortium of foreign banks.
21-11-2021 05:44
Credit institutions with a bad debt ratio of more than 3 per cent are forbidden to buy corporate bonds, according to the latest announcement from the State Bank of Vietnam.
19-11-2021 08:50
Digital banks are embracing more modern technologies to serve the changing customer behaviours during the Fourth Industrial Revolution.
19-11-2021 08:49
Low interest rates are predicted to remain in November and December this year.
16-11-2021 20:02
11 of 13 Vietnamese commercial banks have been given permission to increase their credit lines by the State Bank of Vietnam.
12-11-2021 10:48
International financial institutions are initiating partnerships with Vietnamese banks and other businesses through financing agreements, contributing to the energy transition.
11-11-2021 21:45
The banking and financial landscape has been improving dramatically since the Fourth Industrial Revolution, especially since banks have been striving to close gaps in the digitisation of internal processes and customer offerings to remain competitive amid the COVID-19 pandemic.
10-11-2021 21:41
In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.