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Banks increasing provision costs

09-11-2023 19:23

Due to lower lending interest rates, slow credit growth and rising bad debts, commercial banks have increased their provision costs.

US Treasury continues not to list Vietnam as currency manipulator

08-11-2023 16:11

The US Department of the Treasury has continued not to list Vietnam as a currency manipulator in its latest semi-annual report on the macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Vietnam (SBV) said on November 8.

MB summit to chart digital trajectory with global thought leaders

07-11-2023 16:15

On November 8, 2023, Military Commercial Joint Stock Bank (MB) will host an international forum, "Digitalise to Revolutionise – Shaping tomorrow’s business landscape," featuring a host of global experts poised to deliver actionable insights on digital transformation.

Competition heats up for acquisition of Home Credit Vietnam

07-11-2023 16:04

KBank, KB Kookmin, SCB X are shortlisted into the next round of acquisition of Home Credit Vietnam, one of the leading consumer finance companies in the Vietnamese market.

MSB secures $100 million FMO facility for sustainable initiatives

07-11-2023 15:48

Vietnam Maritime Commercial Joint Stock Bank (MSB) solidified its commitment to sustainable finance by signing an MoU on November 2 with the Dutch Entrepreneurial Development Bank (FMO). The agreement marks a strategic partnership for mid to long-term collaboration, aiming to amplify MSB's sustainable lending practices.

Banking’s development in data and digitalisation era

07-11-2023 15:24

Data is now at the centre of decision-making processes in today’s fast-paced world, where digital disruption is transforming all industries and causing a change in thinking. Le Khanh Lam, chairman of RSM Vietnam, explains how financial services are no different, using data analytics as the basis for competitiveness and innovation in the banking sector.

FMO to provide $90-million credit package to Loc Troi Group

03-11-2023 15:07

Seeing huge potential in Loc Troi Group's sustainable practices and advanced agricultural expertise, the Dutch Entrepreneurial Development Bank (FMO) is supporting the company with a credit package worth $90 million.

Loc Troi and FMO sign $90-million credit package to advance sustainable rice production

03-11-2023 10:33

On November 2, Loc Troi Group JSC (LTG) announced the signing of a Letter of Intent for a $90-million credit package between LTG and the Dutch Entrepreneurial Development Bank (FMO).

UOB releases flagship study on consumer sentiment

02-11-2023 11:20

On November 1, United Overseas Bank (UOB Vietnam) held a ceremony to bring exposure to its flagship study on consumer sentiment across ASEAN.

ACB first bank to publish separate report on sustainable development

31-10-2023 18:13

On October 27, ACB officially released the 2022 Sustainable Development Report, becoming the first bank in Vietnam to publish a separate report on sustainable development.

MB eyes 30 million customers by 2024 following strong Q3 earnings

31-10-2023 18:12

Military Commercial Joint Stock Bank (MB) has just unveiled a robust performance for Q3 2023, maintaining a positive growth trajectory. The bank's focus on operational cost management and a push towards digital transformation places it at the forefront of Vietnam's banking sector's digitalisation race.