banks do away with physical offices to aid digital services

Banks do away with physical offices to aid digital services

As Vietnam implements strict social distancing measures, banks have been stretched thin with some temporarily closing their brick-and-mortar offices to help customers go digital.
vietnam in a stronger spot for thai bankers

Vietnam in a stronger spot for Thai bankers

Thai financiers are forging a stronger partnership in Vietnam’s alluring demographics to scale their businesses further, particularly with the increasing assistance from deep-pocketed Thai banks.
banks struggle to snap up distressed domestic lenders

Banks struggle to snap up distressed domestic lenders

Financially sound local and foreign banks are turning a deaf ear to acquire distressed and insolvent Vietnamese banks as they find it hard to access better equipment to address a range of adverse outcomes under a widely accepted supervisory regime.
ssi issues 170 million covered warrants for 16 stocks

SSI issues 170 million covered warrants for 16 stocks

SSI Securities Corporation has issued 170 million covered warrants for 16 underlying stocks of companies in the manufacturing and services sectors and banks.
adjusting ownership rate for foreign investors in banking sector is a long term strategy experts

Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.
credit institutions commit to doing their bit for the pandemic recovery

Credit institutions commit to doing their bit for the pandemic recovery

The State Bank of Vietnam will reinforce monitoring of commercial banks’ execution of their obligations in relief measures based on the outcomes of rates and charge cuts – but banks are trying to optimise their efficiency by tapping into non-interest income expansion.
customer centric bank mb to share 50 million of its profits in support of customers

Customer-centric bank MB to share $50 million of its profits in support of customers

The pandemic has forced many businesses to suspend their production and suffer from sales dips and financial hardships. Pham Nhu Anh, member of the Board of Management at Military Commercial JSB sat down with VIR’s Thu Huong and discussed how the bank leverages its tremendous network and finances to help affected customers to ride out the bumps.
300 branches and transaction offices of banks in ho chi minh city temporarily closed due to covid 19

300 branches and transaction offices of banks in Ho Chi Minh City temporarily closed due to COVID-19

Around 300 banks branches and transaction offices in Ho Chi Minh City have to close as a result of ongoing pandemic and the city tightened restrictions to cope the number of infections and deaths.
banks and ifc boost trade and supply chain finance to promote trade in vietnam

Banks and IFC boost trade and supply chain finance to promote trade in Vietnam

Nearly 2,000 exporters and importers in Vietnam have benefitted from the trade financing of the International Finance Corporation (IFC) over the past fiscal year.
circular offers strict level for bank risks

Circular offers strict level for bank risks

Despite the government coming to the aid of banks and vulnerable businesses in the past year, the latest COVID-19 wave has rendered some debt restructuring and payment scheduling by the country’s central bank less effective than expected.
domestic traders buoy the market with ample liquidity

Domestic traders buoy the market with ample liquidity

Shares extended last week's gains, propped up by strong money flows in banks and securities companies, but foreign traders continued to sell, posing risks to the market in the short term.
incredible potential in reach for fintech

Incredible potential in reach for fintech

Fuelled by generous amounts of venture capital, Vietnam’s fintech landscape is flying high on Singaporean investors’ agenda, promising to offer more innovative customer value propositions than traditional banks.
greener finance incentives picked up by local banks

Greener finance incentives picked up by local banks

Capital injection from international and local lenders is envisaged to help boost green-driven, sustainable and high-value agricultural models, as well as bridge the gap for the climate-finance market which is still at the nascent stage in Vietnam.
state owned lenders maintain positive run

State-owned lenders maintain positive run

Four state-owned commercial banks in Vietnam have revealed their upbeat business performance and are fully committed to deploying all resources possible to ease the current economic stress, thereby reflecting their influence on the country’s financial landscape.
banks cut transaction fees from august to support customers during pandemic

Banks cut transaction fees from August to support customers during pandemic

The State Bank of Vietnam has directed credit institutions and foreign bank branches to slash transaction fees to provide COVID-19 relief for customers.