state owned banks set to increase charter capital

State-owned banks set to increase charter capital

The State Bank of Vietnam (SBV) has announced Decision No.422/QD-NHNN dated March 18 outlining its action plan for the next two years.
vietnams rapid loan growth impedes bank capitalisation drive fitch ratings

Vietnam’s rapid loan growth impedes bank capitalisation drive: Fitch Ratings

Low capitalisation levels are likely to remain a credit weakness for rated Vietnamese banks, says Fitch Ratings, as rapid loan growth will make it challenging to raise capital adequacy ratios (CAR) in the next two to three years.
banks ensure fuel firms have access to more credit

Banks ensure fuel firms have access to more credit

The State Bank of Vietnam (SBV) has issued Document No 1509, asking commercial banks to raise credit limits for a number of fuel firms, particularly those who import extra fuel at the request of the Ministry of Industry and Trade (MoIT).
banks steady as profits keep rolling in

Banks steady as profits keep rolling in

Commercial banks in Vietnam are expecting to reap excellent profits thanks to their broad range of financial services and elevating credit demand, particularly as the upheaval triggered by the pandemic has abated.
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.