which banks are allowed to increase their credit growth

Which banks are allowed to increase their credit growth?

11 of 13 Vietnamese commercial banks have been given permission to increase their credit lines by the State Bank of Vietnam.
strategic cooperation floods in for banks greener visions

Strategic cooperation floods in for banks’ greener visions

International financial institutions are initiating partnerships with Vietnamese banks and other businesses through financing agreements, contributing to the energy transition.
scb standardises technology base accelerates digital transformation

SCB standardises technology base, accelerates digital transformation

The banking and financial landscape has been improving dramatically since the Fourth Industrial Revolution, especially since banks have been striving to close gaps in the digitisation of internal processes and customer offerings to remain competitive amid the COVID-19 pandemic.
banks raise provisions in anticipation of bad debt

Banks raise provisions in anticipation of bad debt

In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.
mb innovation lab a nudge for digital innovation of vietnamese bank ecosystem

MB Innovation Lab: a nudge for digital innovation of Vietnamese bank ecosystem

Digital transformation has been embedded into the DNA of banks across the globe as a prerequisite for long-term, sustainable growth. Adding to its broad set of cutting-edge banking services, digitally-led Military Commercial Joint Stock Bank (MB) has just embarked on a new journey with its new Digital Innovation Lab.
considering the implications of fiscal reformations

Considering the implications of fiscal reformations

To cope with the ongoing pandemic, the central banks of many nations have significantly expanded their balance sheets by using non-traditional monetary policies by increasing money for purchasing government bonds and even corporate bonds. Meanwhile, the People’s Bank of China (PBoC) has limited balance sheet expansion but used an effective monetary policy for the Chinese economy.
extending public debt limit to navigate full recovery

Extending public debt limit to navigate full recovery

In addition to the efforts in fighting against coronavirus, governments and their central-run banks have provided numerous policies to help people and businesses.
reimagining the customer experience in digital banking

Reimagining the customer experience in digital banking

Vietnam’s digital banking scene has experienced significant changes in recent years, with banks and fintech innovators launching an impressive array of digital tools ranging from mobile payments solutions and wealth management platforms to e-commerce systems. Some of these digital propositions have scaled rapidly, making Vietnam one of Asia-Pacific’s fastest growing markets for digital banking.
debt trading interest creates call for new framework

Debt trading interest creates call for new framework

New legislation is needed to secure the future of debt trading – and with prudent tweaks to the current regime, Vietnam could open up the market for retail trading on its newest platform, bringing together banks and investors.
co financing deals shore up belief in deep rooted growth

Co-financing deals shore up belief in deep-rooted growth

Recent loan and credit agreements among Vietnamese banks and international financial organisations are reinforcing faith in promoting long-term growth prospects in Vietnam through renowned banks.
banks record higher profits some exceeding annual plan

Banks record higher profits, some exceeding annual plan

Multiple banks recorded prosperous business results in the first nine months of 2021 despite the negative impacts caused by the COVID-19 pandemic, with some even exceeding business targets for the whole year.
mb in top 4 vietnams most prestigious commercial banks

MB in top 4 Vietnam’s most prestigious commercial banks

Military Joint Stock Bank (MB) ranked fourth in the top 10 of Vietnam’s most prestigious commercial banks in 2021 in recognition of the bank's proactive response to the pandemic as well as the swift digital advancement to offer tailor-made services addressing customers' unique needs.
offering credit caution for corporate bond players

Offering credit caution for corporate bond players

Vietnamese banks and real estate developers are foraying into the corporate bond arena as it is offering attractive yields for their portfolio diversification strategies. Thomas Kollar, partner of law firm Mayer Brown based in Hong Kong, writes about how some major risks could result in a systemic shock for developers and lenders that want to be involved.
private banks scoop up profit while cutting loan yields

Private banks scoop up profit while cutting loan yields

Despite gloomy economic conditions and profound uncertainty from the quarter just ended, six privately-held commercial banks have revealed huge jumps in profit in their latest business reports.
banks report healthy three quarter profit picture

Banks report healthy three-quarter profit picture

Many banks have published business reports for the first three quarters, depicting a generally bright profit picture.