hdbanks 2024 earnings exceed targets

HDBank's 2024 earnings exceed targets

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) announced strong fourth quarter and financial year results on January 24, with profit before tax exceeding VND16.7 trillion ($665.8 million), completing its target by 106 per cent with a 28.5 per cent increase on-year.
vietnams journey to sustainable growth and innovation

Vietnam’s journey to sustainable growth and innovation

With 30 years of banking and finance experience, Nguyen Thuy Hanh steps into her new role as Standard Chartered’s CEO for Vietnam, bringing her global expertise and deep local understanding to drive the country’s next chapter of sustainable growth and innovation.
vib posts 358 million profit alongside impressive credit growth

VIB posts $358 million profit alongside impressive credit growth

By reporting total assets exceeding VND493 trillion ($19.6 billion), VIB has sustained its momentum by reinforcing its solid balance sheet and achieving greater operational efficiency. The bank continues to adopt international standards while enhancing its reputation and establishing its position as a top brand in the banking industry.
ensuring credit growth for robust economic development

Ensuring credit growth for robust economic development

Encouraging economic development through the banking system by boosting credit growth has been a consistent directive from the government and the State Bank of Vietnam (SBV) in recent times. Phung Thi Binh, deputy general director of Agribank – one of Vietnam's leading state-owned banks – spoke with VIR’s Hong Dung about this issue.
investors call for review of dividend tax

Investors call for review of dividend tax

Many investors believe taxing shareholders twice on the same profit is unfair, triggering the need to review and perhaps abolish the practice to strengthen investor confidence, increase investment returns, and entice more capital inflow into the stock market.
vietnam prospects 2025 robust growth likely to continue despite trade dispute risks

Vietnam prospects 2025: robust growth likely to continue despite trade dispute risks

Citi's recent Vietnam's economic outlook forecast the country's GDP growth in the 6-7 per cent range for 2025, supported by continued manufacturing expansion and real estate recovery.
credit growth to drive bank stock valuations in 2025

Credit growth to drive bank stock valuations in 2025

Credit growth is projected to be the main catalyst for driving bank stock prices in 2025, building on the undervaluation observed in the previous year.
from local bank leader to international executive

From local bank leader to international executive

Pham Hong Hai, CEO of OCB, spoke to VIR’s Hong Dung about the difficulties those in banking face in making the right decisions.
mufg advancing sustainable growth in vietnam

MUFG advancing sustainable growth in Vietnam

As the Year of Dragon winds down, MUFG Bank, Ltd. conveys its deepest gratitude to clients, partners, and regulators for their support and trust rendered throughout the year.
118 groups trained in greenhouse gas inventory

118 groups trained in greenhouse gas inventory

118 representatives of organisations, businesses, and individuals were trained in greenhouse gas (GHG) inventory in Hanoi on January 17 with the support of MUFG Bank.
banks race to divest financial stakes

Banks race to divest financial stakes

Foreign banks and investors are projected to deepen their foothold in Vietnam’s consumer credit market, driven by low penetration rates compared to the region, favourable policies, and the evolving attitudes of a new generation of borrowers.
pvcombank and acca collaborate in developing high quality human resources

PVcomBank and ACCA collaborate in developing high-quality human resources

The ceremony to award the "ACCA Approved Employer" certification and the signing of a memorandum of cooperation between the Association of Chartered Certified Accountants (ACCA) and Vietnam Public Joint Stock Commercial Bank (PVcomBank) concluded successfully, marking a significant milestone in PVcomBank’s ongoing efforts to elevate its workforce and strengthen its global integration.
hdbank undertakes mandatory transfer of donga bank

HDBank undertakes mandatory transfer of DongA Bank

The State Bank of Vietnam (SBV) announced a decision on January 17 to implement the mandatory transfer of DongA Bank to HDBank under a plan approved by the government.
vpbank takes ownership of gpbank

VPBank takes ownership of GPBank

The State Bank of Vietnam (SBV) announced the transfer of the stated-owned Global Petro Sole Member Limited Commercial Bank (GPBank) to the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on January 17.
bank of america reports fourth quarter 2024 financial results

Bank of America Reports Fourth Quarter 2024 Financial Results

Bank of America reported its fourth quarter 2024 financial results today.