thai bank krungsri to acquire shb finance amid a 156 million deal

Thai bank Krungsri to acquire SHB Finance amid a $156-million deal

Saigon-Hanoi Joint Stock Commercial Bank (SHB) has just announced the transfer of 50 per cent of its capital and consumer finance arm the to Bank of Ayudhya (Krungsri) of Thailand.
smart payments increasingly gain ground among vietnamese consumers

Smart payments increasingly gain ground among Vietnamese consumers

New technologies are driving Vietnam towards a cashless society as smart payments find growing adoption among local consumers, especially for small ticket purchases, according to a recent study by Visa.
vietnamese consumers show preference for conversational commerce to e commerce

Vietnamese consumers show preference for conversational commerce to e-commerce

In his most recent open sharing, Huy Nguyen, regional country lead, Growth Businesses, Southeast Asia at Facebook, has highlighted to Thu Huong the value of conversational commerce and how it is transforming businesses in Vietnam and across the globe.
consumer finance in major tie up tendency

Consumer finance in major tie-up tendency

The pandemic-triggered turbulence continues to gnaw at the consumer finance industry in Vietnam, but some players are exploring potential new approaches to the challenges, particularly from some international investors.
fostering corporate responsibility in curbing plastic waste

Fostering corporate responsibility in curbing plastic waste

Plastics remain one of the most-used materials for consumer goods packaging. To curb the ever-growing amount of hardly degradable plastics, Vietnamese enterprises shall be made more responsible for their packaging and the recycling thereof. VIR’s Kim Oanh spoke with Phan Tuan Hung, director general of the Department of Legal Affairs under the Ministry of Natural Resources and Environment, about the implementation of the Extended Producer Responsibility concept and related challenges.
businesses should upgrade online strategy during the pandemic

Businesses should upgrade online strategy during the pandemic

Hanoi - Experiencing the effects of lockdowns, consumer buying behaviours have been changing at an unprecedented rate.
msb targets to sell 100 per cent stake in consumer finance firm fccom

MSB targets to sell 100 per cent stake in consumer finance firm FCCOM

Maritime Commercial Joint Stock Bank (MSB) is looking to sell 100 per cent of its stake in its consumer finance subsidiary FCCOM.
pandemic measures placing strain on inflation goals

Pandemic measures placing strain on inflation goals

Although Vietnam plans to keep inflation below 4 per cent in 2021, it remains a significant challenge as the government juggles the fight against the pandemic and socioeconomic development.
nab acquires citi consumer banking business in australia in a 88224 million deal

NAB acquires Citi consumer banking business in Australia in a $882.24 million deal

National Australia Bank (NAB) was reported to be buying the consumer banking subsidiary of Citi to create the second-largest credit card provider in Australia.
top insurance businesses adopting digital systems

Top insurance businesses adopting digital systems

As consumers now demand greater customer services, major foreign insurance companies operating in Vietnam are embracing digital channels as they believe seamless and enhanced experiences across multiple access channels are indispensable to success.
fmcg groups made aware of trends

FMCG groups made aware of trends

Fast-moving consumer goods groups are bearing the brunt of disruptions caused by pandemic restrictions, leading to price hikes and product shortages in the market.
food suppliers channel logistics resources to address demand

Food suppliers channel logistics resources to address demand

Supermarkets, pharmacies, and logistics firms gearing up to supply food to consumers are now scrambling with the large amounts of undelivered orders amidst a shortage of shippers.
telecom groups unveil 450 million covid 19 relief package for consumers

Telecom groups unveil $450 million COVID-19 relief package for consumers

Telecom companies including Viettel, VNPT, Mobifone, CMC, FPT, Vietnamobile, and SCTV have jointly launched a COVID-19 relief package worth VND10 trillion ($434.8 million) for consumers nationwide.
the keys to digital bank development

The keys to digital bank development

With Industry 4.0 having a substantial impact on all aspects of the economy and social life, banks are forced to evolve at exponential speed to meet consumers’ needs. Vu Thanh Minh and Nguyen Dieu Linh, lawyers at LNT & Partners, write about digital transformation in the banking industry, and the future trends.
growth prospects and high hurdles for retail banking

Growth prospects and high hurdles for retail banking

The pandemic is detrimental to most economic sectors, including finance and banking. Harmander Mahal, head of Consumer, Private and Business Banking for Vietnam and Asia Cluster Markets at Standard Chartered Bank, talked with VIR’s Hong Dung how the British lender has weathered the storm and offers his outlook.