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Sustainable banks the way ahead for success
03-01-2024 10:37
Vietnam’s financial sector is increasingly embracing sustainability practices, although challenges like the need for a comprehensive legal framework, skilled personnel, and enhanced data management remain areas for improvement.
The state of play for Vietnam’s economy into 2024
03-01-2024 09:37
The Vietnamese economy is set in 2024 to grow at a higher rate than in 2023. Andrea Coppola, lead economist for the World Bank in Vietnam, spoke with VIR’s Nguyen Dat about the country’s economic performance last year and prospects for the future.
A strategy fit for success to ensure 2024 targets are met
03-01-2024 09:30
Vietnam’s economy grew at a lower-than-expected rate in 2023. Shantanu Chakraborty, Vietnam country director for the Asian Development Bank, talked with VIR’s Thanh Tung about how the economy has performed and key impetuses for the next 12 months.
HSBC France retail bank sold to US fund Cerberus
02-01-2024 12:20
After more than two years HSBC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus.
WB-funded agriculture project benefits 29,000 farmer households in Soc Trang
29-12-2023 16:12
As many as 29,000 farmer households in the Mekong Delta province of Song Trang benefited from the Vietnam Sustainable Agriculture Transformation (VnSAT) project funded by the World Bank, heard a conference to review the project in the locality on December 28.
Banks massively embrace bond buy-backs
28-12-2023 17:13
Banks are buying back corporate bonds massively amid slow credit growth and a positive deposit landscape.
Vietnam seals major carbon credit deal, fetching $53 million
28-12-2023 14:22
Vietnam has successfully executed a landmark transaction, selling 10.3 million tonnes of CO2 emission credits to the World Bank for nearly VND1.25 trillion VND ($52.74 million), as confirmed by the Ministry of Agriculture and Rural Development to the prime minister on December 28.
Market shifts remain sticky topic for banks
27-12-2023 09:31
Several Vietnamese banks, amidst efforts to enhance market presence, are still far off from going public or transitioning their listings to major exchanges.
Keys to becoming a desirable employer
26-12-2023 17:34
Employers across the board are sparing no effort on the path to becoming more sought after by the workforce.
Proper handling of data paramount for digital aims
26-12-2023 14:45
The banking industry is prioritising environmental, social, and governance (ESG) compliance, focusing on reducing infrastructure carbon footprint and innovating with ESG-aligned products. Hong Yea Chee, senior executive vice president for Customer Engagement at digital banking solutions provider Silverlake Axis, discussed with VIR’s Trung Duong the sector’s evolution towards integrated services and embedded finance.
Experience desired for banking reform
26-12-2023 13:00
Vietnam’s banking sector, amid urgent restructuring led by key players and government efforts, is confronting unique challenges due to limited restructuring experience and the complexity of securing investors.
Bank bad debts forecast to remain under great pressure in 2024
26-12-2023 11:53
Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.
Central bank promotes consumer lending
25-12-2023 13:00
The State Bank of Vietnam (SBV) has requested credit institutions and branches of foreign banks to boost consumer lending as part of efforts to prevent loan sharks who have targeted vulnerable people.
Thai Huong honoured for her sustainable development work
22-12-2023 17:39
The Le Fonti Global Awards took place in Dubai on December 14, where Thai Huong, the founder and chairwoman of TH Group’s Strategy Council, and general director of Bac A Commercial Joint-Stock Bank (BAC A BANK), was honoured under the category of 'Global Sustainable Development'.
KBTG Vietnam spearheads gender inclusivity in technology
21-12-2023 12:14
In the rapidly evolving, male-dominated technology industry, KBTG Vietnam – the local technology arm of KASIKORNBANK (KBank), one of Thailand's leading commercial banks – stands out not just for its technological innovations but also for fostering a culture of female empowerment and leadership.
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