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Japanese lender SMBC acquires 15 per cent stake in VPBank
23-10-2023 17:02
Sumitomo Mitsui Banking Corporation (SMBC), the second-largest bank in Japan, has successfully concluded the private placement, buying 15 per cent of VPBank's equity investment, becoming a strategic shareholder in VPBank's upcoming expansion phase.
Monetary policy governance requires thorough consideration: official
23-10-2023 16:54
As the governance of the monetary policy has to concurrently guarantee multiple targets, including reducing interest rates, expanding credit, stabilising foreign exchange rates, and ensuring credit institutions’ safety, thorough consideration is needed before any steps are taken, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
SeABank sells entire stake in PTF to AEON Financial
20-10-2023 17:19
BRG-backed SeABank's strategic move to offload its capital stake in Postal Finance Co., Ltd. (PTF) to AEON Financial Service Co., Ltd. for around $180 million on October 19 will fortify the bank's fiscal strength and allow for new ventures in pivotal sectors.
Vietnam should keep close watch on inflation rate: World Bank
20-10-2023 10:29
Vietnam should closely monitor inflation which has been on the rise in recent time, according to the World Bank (WB).
Drastic measures needed to remove Vietnam from money laundering grey list: Deputy PM
20-10-2023 08:00
Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years.
Promoting personal digital signatures for electronic payment transactions
19-10-2023 10:33
The National Electronic Certification Centre, under the Ministry of Information and Communications, and the Vietnam Banks Association (VBA) jointly held a conference on October 17 about the role of personal digital signatures in electronic payment transactions and the challenges ahead.
HDBank to acquire a 30 per cent stake in HD Securities
18-10-2023 18:52
HDBank has announced plans to purchase an up to 30 per cent share of HD Securities JSC (HDS) following a resolution approved at its 2023 shareholders' meeting.
Vietnam eyes foreign investment boost for banking sector
18-10-2023 16:53
At the meeting conference between the prime minister and foreign investors on October 17, Pham Thanh Ha, Deputy Governor of the State Bank of Vietnam (SBV), gave a warm welcome to foreign investors as they stood ready to address the challenges faced by underperforming Vietnamese banks.
South Korea's Busan Bank partners with SHB to expand presence in Vietnam
18-10-2023 10:26
On October 16, Busan Bank – under BNK Financial Group from South Korea – signed an MoU with Saigon-Hanoi Bank (SHB) to form a comprehensive collaborative partnership, especially in relation to corporate, digital, and investment banking.
Bigger banks hoover up weaker rivals
17-10-2023 15:00
Prominent Vietnamese banks are making calculated moves to acquire struggling counterparts, signalling a broader restructure of Vietnam’s banking system.
Exchange rates set to put pressure on bank lending
17-10-2023 08:00
Exchange rate pressures will hinder the declining trend of interest rates in the near future, though when compared to other economies, the devaluation of the VND remains under control.
Small cities can help promote Thailand"s growth
16-10-2023 16:40
Cities in Thailand outside Bangkok can accelerate the country's growth but will need to find ways to access private capital to improve urban infrastructure, according to a study by the World Bank (WB).
More companies embrace sustainable development
16-10-2023 12:00
Increasingly, companies across Vietnam are embracing corporate responsibility, sustainability, and building community relations. The presence of names such as Samsung, PetroVietnam, Sabeco, BRG, SeABank, Vingroup, Sun Group, Coninco, Kinderworld, and Gelex in community activities over the years is obvious.
Public investment crucial for Vietnam’s economic growth: ADB director
13-10-2023 19:29
Vietnam’s maintaining the momentum of public investment will be crucial because it will rejuvenate economic activities, generate employment, and enhance domestic consumption, said ADB Country Director for Vietnam Shantanu Chakraborty.
Citi survey regards Asia-Pacific as 'most favoured region'
13-10-2023 17:23
Citi Commercial Bank (CCB) recently published its 2023 Global Industry Insights Report, surveying business leaders and executives from over 500 companies worldwide on the opportunities and challenges they face.
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