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.
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.
low input material price to support profit margins of plastic businesses

Low input material price to support profit margins of plastic businesses

Vietnam is currently heavily dependent on the import of PVC resins - input materials in the construction plastic production chain. In the second half of this year and 2023, Vietcombank Securities Co (VCBS) forecasts that a low PVC price will support profit margins of businesses.
which banks are in the top publicly listed companies in vietnam in 2022

Which banks are in the top publicly listed companies in Vietnam in 2022?

Seven commercial joint stock banks, namely Vietcombank, VietinBank, BIDV, VIB, ACB, MB, and TPBank, are among the top 50 listed companies in Vietnam.
pinpointing opportunities from traditional investment channels

Pinpointing opportunities from traditional investment channels

Amid global economic uncertainty, investors are urged to explore market opportunities from traditional investment channels.
banks deliver upbeat first half performance

Banks deliver upbeat first-half performance

A raft of banks has released their second-quarter and first-half financial reports, rendering a rosy profit picture during the period, rooted in positive credit growth.
vietnam report announces top 10 prestigious banks

Vietnam Report announces Top 10 prestigious banks

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2022.
banks seek further capital injections to boost strength

Banks seek further capital injections to boost strength

Many banks have been on a charter capital hike after holding their 2022 general annual shareholder meetings (AGM) and are intensively preparing capital injections to boost their strength.
struggling lenders on verge of takeover

Struggling lenders on verge of takeover

The merger and acquisition outlook of Vietnamese banks, particularly acquiring faltering credit institutions to reorganise them, is picking up pace.
vietcombank and mb will take part in reconstructing cbank and ocean bank

Vietcombank and MB will take part in reconstructing CBank and Ocean Bank

Vietcombank and MB would participate in the reorganisation of two weak banks, Construction Bank (CBank) and Ocean Bank, as a part of the forcible transfer controlled by the government.
banks setting upbeat profit targets

Banks setting upbeat profit targets

Banks are penning out upbeat profit targets for 2022, leveraging sound credit demands buoyed by the economic rebound both at home and globally.
local lenders struggle to match major ma

Local lenders struggle to match major M&A

The local tie-up scene among domestic lenders is paling in comparison with wealthy multinational institutions, as many partnerships have turned sour, particularly with weak bank involvement.
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.
banking sector to maintain the lifeblood of the economy

Banking sector to maintain the lifeblood of the economy

Top bank leaders have discussed their development trajectories for the new year to successfully meet all economic goals set for 2021-2025.
banks posted healthy profits during last year

Banks posted healthy profits during last year

Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.