lenders use lunar new year to offer alluring rates

Lenders use Lunar New Year to offer alluring rates

Following the Lunar New Year holiday, many banks simultaneously adjusted deposit interest rates to attract idle capital from customers, while lending rates also showed an upward trend, presenting attractive opportunities, but also significant challenges for borrowers.
payment habits now moving towards more efficient means

Payment habits now moving towards more efficient means

AI has become increasingly popular in the banking industry. Tim Evans, CEO of HSBC Vietnam, talked with VIR’s Hong Dung about how AI will drive banks forward.
banks firm on green growth trajectory

Banks firm on green growth trajectory

Vietnam’s financial and banking sector remains steadfast in its commitment to green development amid the withdrawal of numerous international financial institutions from net-zero initiatives due to concerns over political changes in the United States.
expert assesses credit related development challenges

Expert assesses credit-related development challenges

Phan Duy Hung, senior analyst and director at research-focused risk assessment firm VIS Rating, scrutinises the role of credit in economic development, and suggests how Vietnam can sustain growth without relying too much on monetary policy.
banks see mixed performances in forex trading

Banks see mixed performances in forex trading

Many banks counted significant profits from forex business last year, but some declined or even counted losses in this segment.
banks continue massive bond issuances in early 2025

Banks continue massive bond issuances in early 2025

The banking sector is continuing to play a key role in the corporate bond market to replenish capital sources and support growth.
banks optimise credit plans to boost efficiency

Banks optimise credit plans to boost efficiency

Military Commercial Joint Stock Bank (MB) is aiming to increase its outstanding credit volume and capital mobilisation by more than 25 per cent to surpass $40 billion by the end of this year. The bank is also targeting a maximum bad debt ratio of 1.7 per cent along with a bad debt coverage ratio of over 100 per cent
ensuring credit growth for robust economic development

Ensuring credit growth for robust economic development

Encouraging economic development through the banking system by boosting credit growth has been a consistent directive from the government and the State Bank of Vietnam (SBV) in recent times. Phung Thi Binh, deputy general director of Agribank – one of Vietnam's leading state-owned banks – spoke with VIR’s Hong Dung about this issue.
from local bank leader to international executive

From local bank leader to international executive

Pham Hong Hai, CEO of OCB, spoke to VIR’s Hong Dung about the difficulties those in banking face in making the right decisions.
banks race to divest financial stakes

Banks race to divest financial stakes

Foreign banks and investors are projected to deepen their foothold in Vietnam’s consumer credit market, driven by low penetration rates compared to the region, favourable policies, and the evolving attitudes of a new generation of borrowers.
variables expected to address us policy

Variables expected to address US policy

Amid the strengthening dollar on international markets and USD/VND exchange rates at banks hovering near the upper allowable limit, the State Bank of Vietnam is projected to raise regulatory interest rates to alleviate pressure on foreign reserves.
banks to comply with biometric changes

Banks to comply with biometric changes

Foreign banks operating in Vietnam must complete the biometric verification requirement for transferring funds to personal accounts, with all banks aiming to make verification mandatory for corporate clients this year.
pvcombank delivers outstanding customer experiences

PVcomBank delivers outstanding customer experiences

PVcomBank has transformed to become one of Vietnam's largest digital banks, delivering outstanding customer experiences.
banks launch promotions to hail year of the snake

Banks launch promotions to hail Year of the Snake

Banks in Vietnam are trying to attract customers with a variety of promotions at the start of the year.
ho chi minh city needs 258 million of capital investment

Ho Chi Minh City needs $25.8 million of capital investment

Ho Chi Minh City Finance and Investment State Owned Company (HFIC) and nine banks held a cooperation agreement signing ceremony on January 6 in Ho Chi Minh City to mobilise and promote investment capital for key socioeconomic infrastructure development projects.
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