lpbank and hung thinh sign 211 million credit deal

LPBank and Hung Thinh sign $211 million credit deal

LPBank and Hung Thinh Corporation formalised a credit contract of VND 5 trillion (approximately $211 million) in Hanoi on October 30 that, according to those present, should go some way to help stimulate recovery in the property market.
more incentives needed to support green credit experts

More incentives needed to support green credit: Experts

Experts have shared a view that green credit and green growth play an important role in implementing the National Green Growth Strategy in the 2021-2030 period with a vision until 2050 as they create resources for environmentally-friendly projects and programmes.
petrovietnam to reduce stake in pvcombank

PetroVietnam to reduce stake in PVcomBank

The Vietnam Oil and Gas Group (PetroVietnam) is set to significantly diminish its stake in PVcomBank as part of a broad restructuring scheme aimed at adapting to evolving market trends and enhancing its competitiveness.
vibs profit up 7 per cent on year

VIB's profit up 7 per cent on-year

Vietnam International Bank (VIB) has announced its results for the first nine months of 2023, with revenue on a good growth trajectory, business efficiency ranked at the top of the industry, and a strong and sound balance sheet.
bvbank hits 97 per cent of annual target in q3 surge

BVBank hits 97 per cent of annual target in Q3 surge

In a remarkable turnaround, BVBank, formerly known as Viet Capital Bank, has announced its financial results for the third quarter of 2023, showcasing significant improvements over the previous quarter. Its total assets reached approximately VND84.3 trillion ($3.56 billion), a major stride towards achieving its annual target.
vietnam receives 5 million in swiss aid to elevate fintech sector

Vietnam receives $5 million in Swiss aid to elevate fintech sector

A Swiss-funded project, backed by a $5 million grant, aims to enhance Vietnam's fintech and digital banking sectors.
sbv committed to efficiency through digitalisation

SBV committed to efficiency through digitalisation

Industry 4.0 is having a profound impact, reshaping not just economies, but the very fabric of culture, politics, and society globally. A central figure in this transformation is data. Widely hailed as the new gold, its significance in the digital transition process is undeniable.
european investment bank commits 500 million credit package in just energy transition

European Investment Bank commits €500 million credit package in Just Energy Transition

The European Investment Bank (EIB) and Vietnam have signed an Mou to collaborate on shared goals designed to deliver Vietnam’s Just Energy Transition.
bidv pioneers icma compliant green bond issuance

BIDV pioneers ICMA compliant green bond issuance

State-owned bank BIDV on October 23 has marked a significant milestone in Vietnam's financial market by becoming the first bank in the country to successfully issue green bonds in compliance with the International Capital Market Association's (ICMA) Green Bond Principles.
nam a bank and ey vietnam collaborate to elevate ifrs project

Nam A Bank and EY Vietnam collaborate to elevate IFRS project

Nam A Bank, in partnership with Ernst & Young Vietnam (EY Vietnam), successfully completed the implementation of its International Financial Reporting Standards (IFRS) project on October 19.
banks keen to maintain upward route

Banks keen to maintain upward route

Banks are hoping for positive developments to fill up the rest of the year after some performance dips so far in 2023.
central bank forecast to continue bill issuance amid abundant liquidity

Central bank forecast to continue bill issuance amid abundant liquidity

The State Bank of Vietnam (SBV) will continue to issue new bills to withdraw cash from the banking system as liquidity is abundant and interbank interest rates remain low, analysts forecast.
dragon capital increases stake in sacombank

Dragon Capital increases stake in Sacombank

Dragon Capital, a prominent investment group, has bolstered its position in Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) by acquiring an additional 3.5 million shares on October 19.
achievable economic goals still in sight for vietnam

Achievable economic goals still in sight for Vietnam

Vietnam’s economy grew 4.24 per cent in the first nine months of the year. Shantanu Chakraborty, country director for Vietnam of the Asian Development Bank, spoke with VIR’s Thanh Dat about how growth can be improved.
a thai conglomerate denies interest in vietnamese retail chain

A Thai conglomerate denies interest in Vietnamese retail chain

Thailand's Charoen Pokphand Group (CP) and its affiliated entities have categorically denied reports suggesting their intention to acquire a stake in one of Vietnam's retail chains, widely speculated to be Bach Hoa Xanh under the Mobile World Group.