vpbank has received a 10 per cent deposit from smbc

VPBank has received a 10 per cent deposit from SMBC

At an investor-update meeting on May 18, Luu Thi Thao, deputy general director of VPBank, revealed that the bank has received a 10 per cent deposit from Japanese partner SMBC, as part of the $1.5 billion private placement agreement signed between the two banks.
vpbank provides effective support for fies

VPBank provides effective support for FIEs

In a fresh move, the innovative Hanoi-based commercial lender VPBank has reiterated its focus on promoting the foreign direct investment (FDI) landscape in Vietnam through a cooperative deal with its strategic partner, Sumitomo Mitsui Banking Corporation (SMBC), to develop and supply an inclusive suite of solutions to support foreign-invested enterprises (FIEs) landing ventures in Vietnam.
bad bank debts cast shadow over profit outlook

Bad bank debts cast shadow over profit outlook

Several banks have posted low profit growth in the first quarter (Q1) of this year, with some even seeing negative growth, mostly due to a spike in non-performing loans (NPLs), leading to soaring provisioning costs.
vpbank signs with aws to improve customer experience

VPBank signs with AWS to improve customer experience

VPBank on April 4 announced the signing of agreements with Amazon Web Services, selecting it as its preferred cloud provider to build digital banking experiences for its customers.
japanese financial behemoths extend se asia reach

Japanese financial behemoths extend SE Asia reach

Three Japanese megabanks are doubling down on their emphasis on Vietnam’s finance and banking sector to experience rapid economic growth and leverage their investment portfolios across wider Southeast Asia.
vpbank announces smbc as foreign strategic investor

VPBank announces SMBC as foreign strategic investor

VPBank announced today that it has entered into an agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC), a subsidiary of Sumitomo Mitsui Financial Group, Inc. (SMFG), to issue a 15 per cent equity stake through a private placement, officially welcoming SMBC as a foreign strategic investor of the bank.
bad debts continue to soar at commercial banks

Bad debts continue to soar at commercial banks

The rate of bad debt is rising at commercial banks and is expected to increase further amid real estate market woes.
cake efforts make sweet gains

Cake efforts make sweet gains

Though newly established, leveraging significant investment in technology, Cake by VPBank has emerged as one of Vietnam's top digital banks in terms of customer growth and service quality.
vib leads industry in top 50 most effective companies in vietnam

VIB leads industry in 'Top 50 Most Effective Companies in Vietnam'

During the recent ceremony to recognise the 'Top 50 Most Effective Business Companies in Vietnam in 2022,' eight banks with outstanding business performance and sustainable growth rates were named: VIB, Vietcombank, ACB, MB, VPBank, Techcombank, TPBank and SHB.
deposit rate hikes still lingering

Deposit rate hikes still lingering

Banks continue to increase their deposit rates to relieve liquidity constraints at year-end.
visa adds google wallet capabilities in vietnam

Visa adds Google Wallet capabilities in Vietnam

Visa, the world’s leader in digital payments, is launching Google Wallet for cardholders in Vietnam in partnership with ACB, Sacombank, Shinhan Bank, Techcombank, TPBank, Vietcombank, and VPBank. With the launch, Android and Wear OS users will be able to enjoy secure and convenient digital payments with a single tap of their smart device.
vpbank freshly inks syndicated loan worth 500 million

VPBank freshly inks syndicated loan worth $500 million

With fresh international financing sources secured, VPBank has once again affirmed its reputation in the loan syndication market and strengthened its lending capacity to finance local small- and medium-sized enterprises, women-owned businesses and many social projects to enhance the overall infrastructure and improve the quality of life for Vietnamese citizens.
retail segment brightens bank profit picture

Retail segment brightens bank profit picture

Many banks have unveiled their third-quarter business results, showing a spike in their profits, leveraging well-conceived retail lending development strategy amid restricted credit line.
four banks have adjusted credit room

Four banks have adjusted credit room

The State Bank of Vietnam (SBV) has officially adjusted the credit room for four banks in a bid to support weak credit institutions according to the government's policy.
digital bank cake and be sign comprehensive cooperation with viettel money

Digital bank Cake and Be sign comprehensive cooperation with Viettel Money

Cake by VPBank digital bank and Be – the on-demand multi-service consumer platform – have just signed a comprehensive cooperation agreement with Viettel Money, the digital financial and commercial ecosystem.