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Record-low interest rates drive early-year credit growth

05-02-2024 11:36

Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday).

Dai-ichi Life Vietnam ties up with banking partners

05-02-2024 10:00

Dai-ichi Life Vietnam has constantly improved technology and invested in the digital ecosystem to keep up with the rapidly evolving trend of digital technology.

HDBank posted record profit for 2023

31-01-2024 18:30

With its sustainable development strategy and effective risk management, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) sailed through last year's troubled waters to achieve high growth across all indicators.

IP developers hungry for financial bankroll

30-01-2024 16:55

Limited financial resources for industrial park technical infrastructure is preventing new investments and project expansions.

Safeguards to be met with credit reform

30-01-2024 15:29

Vietnam’s new banking reform regulations introduces stringent ownership limits for individual and organisational shareholders in credit institutions to mitigate risks associated with cross-ownership and enhance financial stability.

Banking sector gets ball rolling on 2024 performance

30-01-2024 15:10

Forecasts for Vietnam from financial institutions are optimistic for this year, primarily due to policies for reducing interest rates and bolstering digitalisation.

Complex 2023 fails to dent bank objectives

30-01-2024 15:07

Vietnam’s banking sector could face a dip in asset quality but anticipates a more favourable environment in 2024 in general, with a forecasted growth in pre-tax profits.

Ownership tweaks show commitment to improve

30-01-2024 13:00

The amended Law on Credit Institutions was passed on January 18. Banking trainer and consultant Le Hoai An discussed the impact of this with VIR’s Nhue Man and the adjustment of the maximum institutional ownership capital in commercial banks.

Banks saw profit spike in Q4

30-01-2024 09:44

Several banks saw a significant improvement in the fourth quarter (Q4) last year, leveraging credit growth and improved efficiencies to tackle bad debts.

Various sectors in midst of digital boom

29-01-2024 08:55

In the ever-changing landscape of Vietnam's growing economy, the IT sector holds significant importance.

Ho Chi Minh City seeks investors for $6.7 billion green projects

26-01-2024 18:40

Ho Chi Minh City is calling for investments in 28 projects, worth around VND160 trillion (over $6.7 billion), dedicated to green growth objectives. These projects were introduced at a conference on January 24 at Lotte Hotel.

Banks containing threats of bad debt

26-01-2024 15:48

The credit quality of BaoViet Bank has receded as the bank’s non-performing loans (NPL) climbed to almost $70 million by the end of 2023, showing a near 50 per cent jump compared to the start of the year.

Ho Chi Minh City needs to start carbon credit market quickly

25-01-2024 16:43

On the sidelines of an investment conference centred around green growth on January 24, Muthukumara S. Mani, Lead Environmental and Climate Change Economist, Southeast Asia Region at the World Bank, spoke with VIR’s Bich Ngoc on the importance of the Vietnam’s carbon credit market development.

World Bank to support Ho Chi Minh City on carbon credits

24-01-2024 16:27

The opportunities and challenges presented by operating a carbon credit market in Ho Chi Minh City in line with the World Bank were the main talking points of a meeting on January 24 between Chairman of Ho Chi Minh City People's Committee Phan Van Mai and World Bank experts at an investment conference centred around green growth on January 24.