rosy half year profits across the board at vietnamese banks

Rosy half-year profits across the board at Vietnamese banks

In the first half of this year, most banks have fulfilled more than half of their full-year profit targets despite COVID-19 complexities.
mizuho bank eyeing mega vietnamese expansion

Mizuho Bank eyeing mega Vietnamese expansion

Savvy Japanese investors are acknowledging that the Southeast Asian market, and Vietnam in particular, is the central pillar of their business expansion strategy. Motokatsu Ban, manager and head of Japanese Corporate Department No.2 at Mizuho Bank Vietnam in Hanoi, discussed with VIR’s Luu Huong the special investment appetite of the Japanese, and how megabanks like Mizuho are taking on the latest trends in the financial landscape.
lenders give nod to rate cuts to help out

Lenders give nod to rate cuts to help out

Commercial banks have agreed to slash additional interest rates as they sought to help reignite Vietnam’s economy and support vulnerable businesses and individuals – however, a tightening could be coming if inflation rises above expectations while policymakers try to avoid raising policy interest rates too early.
visa makes it a breeze to receive funds from abroad with visa direct

Visa makes it a breeze to receive funds from abroad with Visa Direct

Visa, the world’s leader in digital payments, has partnered with Vietnamese banks to make it easier for Visa debit card holders to receive inbound remittances using MoneyGram and Remitly. Powered by Visa Direct, cardholders will receive the funds directly to their accounts in near real-time.
vietnamese banks authorised to lift credit growth

Vietnamese banks authorised to lift credit growth

A number of commercial banks have been allowed to lift their credit growth target to expand their operations.
banking stability playing key role in economic health

Banking stability playing key role in economic health

The first half of this year has come and gone, with a very interesting case on why banks still bear fruit with upbeat business results during a difficult time for the economy.
banks lift women led groups with financing options

Banks lift women-led groups with financing options

Both local and foreign banks are joining forces to promote an inclusive growth and generate more job opportunities by boosting their funding packages to women-led enterprises, hence increasing critical roles of female entrepreneurs in corporate value chains.
japanese banks take on strategic roles

Japanese banks take on strategic roles

Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
efficient growth strategy boosts valuation of masan stocks

Efficient growth strategy boosts valuation of Masan stocks

Valuations of Masan Group's MSN stock have been rated 20 per cent higher than the current trading price according to securities companies and investment banks.
how the central bank can get to grips with dipping rates and economic turbulence

How the central bank can get to grips with dipping rates and economic turbulence

As global central banks begin to neutralise loosened monetary policy, such as the Fed lowering rates, this is seen as positive signals as the world economy gradually recovers, minimising the risk of global economic crisis. Looking into the past, even in the period when the Fed raised interest rates at the end of 2015, the negative and direct impacts on Vietnam are not always clear.
six banks among 10 most effective listed companies in vietnam

Six banks among 10 most effective listed companies in Vietnam

Six Vietnamese banks, including Vietcombank, ACB, VPBank, VIB, MB, and Techcombank are among the 10 largest, most effective listed companies.
fed alterations increase uncertainty

Fed alterations increase uncertainty

The latest initiatives of the US Federal Reserve to leave its benchmark short-term borrowing rate near zero, while signalling an imminent rate hike, is leaving other emerging economies’ central banks high and dry.
necessary reforms to boost investment into vietnams burgeoning water sector

Necessary reforms to boost investment into Vietnam’s burgeoning water sector

For development banks, water investments are exciting because water is so central to the 2030 Sustainable Development Goals (SDGs). Clean water and sanitation, ending poverty, good health and wellbeing, and gender equality are all closely linked to the prudent management of water.
digital banking a motivation to develop a cashless society

Digital banking, a motivation to develop a cashless society

The virtual conference themed "Digital Financing: Powering cashless economy" organised on June 22 and 23 by Star Media Group Malaysia was participated by top business leaders from across Asia in the field of finance, banking, information, and data management.
three banks agree on loan for vietnam airlines on verge of bankruptcy

Three banks agree on loan for Vietnam Airlines on verge of bankruptcy

In order to support Vietnam Airlines to overcome financial issues, SeABank, MSB and SHB agree to provide loan packages worth $173.9 million to assist the national flag carrier.