the keys to digital bank development

The keys to digital bank development

With Industry 4.0 having a substantial impact on all aspects of the economy and social life, banks are forced to evolve at exponential speed to meet consumers’ needs. Vu Thanh Minh and Nguyen Dieu Linh, lawyers at LNT & Partners, write about digital transformation in the banking industry, and the future trends.
shares conclude the week on positive note

Shares conclude the week on positive note

Shares concluded the week in the green, marking a full-week growth after three consecutive falling weeks, propped up by banks and realty stocks.
shrewd activities resulting in banking bonuses for 2021

Shrewd activities resulting in banking bonuses for 2021

Despite the unexpected turbulence from public health challenges, privately-held commercial banks in Vietnam are enjoying stellar profit bonanzas thanks to their full suite of minted financial services, alongside cost-effective drives and debt rescheduling roadmaps.
ssi receives 100 million unsecured syndicated loan from leading taiwanese banks

SSI receives $100 million unsecured syndicated loan from leading Taiwanese banks

On July 26, SSI Securities JSC (HSX: SSI) announced a new $100 million unsecured syndicated loan package from a group of leading financial institutions from Taiwan.
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.