life insurers move chess pieces to snap up fresh partnerships

Life insurers move chess pieces to snap up fresh partnerships

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.
banks reposition for trend transition

Banks reposition for trend transition

While state-owned banks are dominating the domestic credit and debit card categories, privately-held banks in Vietnam are expanding their international payment footprint.
digital banks and fintech startups eye vietnams unbanked and underserved consumers

Digital banks and fintech startups eye Vietnam's unbanked and underserved consumers

Digital banks and fintech startups are increasingly offering innovative products and solutions targeting the unbanked and underserved consumers post-pandemic.
bank relief to keep smes above water

Bank relief to keep SMEs above water

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.
resolution upgrade sought to craft transparent debt market

Resolution upgrade sought to craft transparent debt market

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.
channels opening up to mobilise long term capital

Channels opening up to mobilise long-term capital

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.
fruitful territory for bond issuance

Fruitful territory for bond issuance

Banks are showing strong desire in bond issuance activities, while real estate developers have lowered the extent of their bond-related capital mobilisation efforts.
viet capital securities secures 100 million syndicated loan package from foreign banks

Viet Capital Securities secures $100 million syndicated loan package from foreign banks

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.
hard limit for credit institutions buying corporate bonds

Hard limit for credit institutions buying corporate bonds

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.
digital banks increasingly adopt new technologies to keep pace with consumer expectations

Digital banks increasingly adopt new technologies to keep pace with consumer expectations

Digital banks are embracing more modern technologies to serve the changing customer behaviours during the Fourth Industrial Revolution.
low interest rates predicted to remain for last two months of 2021

Low interest rates predicted to remain for last two months of 2021

Low interest rates are predicted to remain in November and December this year.
which banks are allowed to increase their credit growth

Which banks are allowed to increase their credit growth?

11 of 13 Vietnamese commercial banks have been given permission to increase their credit lines by the State Bank of Vietnam.
strategic cooperation floods in for banks greener visions

Strategic cooperation floods in for banks’ greener visions

International financial institutions are initiating partnerships with Vietnamese banks and other businesses through financing agreements, contributing to the energy transition.
scb standardises technology base accelerates digital transformation

SCB standardises technology base, accelerates digital transformation

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.
banks raise provisions in anticipation of bad debt

Banks raise provisions in anticipation of bad debt

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.