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Banking institutions expect advances
16-01-2024 15:04
Global political and economic uncertainties will persist in 2024, but as governments find a more common voice, it is expected that the banking and financial panorama will become brighter.
Global banks high on GDP prospects
16-01-2024 09:36
With a recovering economy in 2023, Vietnam has earned upbeat growth projections from international organisations for this year.
BAC A BANK offers new loans with preferential rates
16-01-2024 09:32
To support quality of life and business activities in the first six months of this year, and to contribute to giving customers a brilliant start to 2024, Bac A Commercial Joint-Stock Bank (BAC A BANK) has launched personal credit programme incentives named “Convenient loans and financial stability.” This scheme has flexible terms for loan durations and is suitable for diverse capital use purposes.
Expert predictions on forex in 2024
15-01-2024 18:45
Experts forecast a more moderate exchange rate movement in 2024 despite current stormy conditions.
Outstanding credit forecast to grow 14.2 per cent this year
15-01-2024 15:59
Outstanding credit of the banking system is forecast to increase 4.4 per cent in the first quarter and 14.2 per cent in 2024, up 0.4 percentage point from the previous prediction of 13.8 per cent.
Banks remain prudent about 2024 targets
12-01-2024 15:40
Major state lender Vietcombank has just released its 2023 figures, with results across a variety of areas exceeding expectation. The Hanoi-headquartered bank saw $59.5 billion in deposit volume, up over 12 per cent on-year, and outstanding balances amounting to $53.58 billion, showing a 10.6 per cent jump on-year.
Vietnam is a priority market for Greater Bay Area businesses in ASEAN
10-01-2024 14:15
Vietnam is one of the priority markets for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to expand sales and outsource production in ASEAN, according to a research report released by the Hong Kong Trade Development Council (HKTDC) and United Overseas Bank (UOB) on January 9.
Be secures $30 million investment from VPBank Securities
10-01-2024 14:14
On January 10, Be Group, owner and operator of the multiservice consumer platform Be, announced a substantial investment from VPBank Securities JSC (VPBankS), a subsidiary of VPBank.
Remittances play key developmental role
09-01-2024 14:55
The country is estimated to have received a rise in remittances from overseas Vietnamese people in 2023, with Ho Chi Minh City taking the lead.
Central bank ponders fresh policy for gold
09-01-2024 12:54
The State Bank of Vietnam is set to update regulations in response to market changes and global uncertainties affecting gold demand and prices.
Taiwan's Cathay United Bank ventures into Vietnam's consumer finance sector
07-01-2024 15:42
On December 4, Cathay United Bank of Taiwan (China) announced its strategic plan to penetrate Vietnam's consumer finance sector, marking an important milestone for the bank after 18 years of operations in the country.
Banks saw mixed 2023
05-01-2024 16:48
Ho Chi Minh City-based lender Sacombank became the first bank to make its 2023 business results public last December, with an estimated pre-tax profit of $400.8 million, a 50 per cent jump on-year. Its total deposit volume surpassed $24.2 billion and its outstanding balance touched $20.5 billion.
Thailand’s Kasikornbank to expand operation in Vietnam
05-01-2024 14:47
Kasikornbank (KBank), Thailand’s second-largest lender by total assets, is focusing on expanding its international banking business this year in Vietnam and Indonesia, given the two ASEAN economies’ high growth potential.
VIB accompanies the National Book Awards to celebrate Vietnamese culture
05-01-2024 08:00
On December 29, the 6th National Book Awards, organised by the Ministry of Information and Communications in coordination with the Central Propaganda Department, the Publishers Association of Vietnam, and Vietnam Television, with the accompanying of Vietnam International Bank (VIB), celebrated 41 outstanding works across various fields.
State does not encourage gold bar trading: SBV
03-01-2024 16:25
The State does not encourage the trading of gold bars, protect their prices, nor accept too large differences between domestic and global gold prices, and between SJC and other types of gold bars, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
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