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Search Results: 7,578 results for keyword "bank".
Vietnam: a real estate market rebound in the making
21-12-2023 09:56
Mortgage rates peaked at as high as 16 per cent at some banks in early 2023 but subsequently dropped dramatically. They are now comparable to levels that prevailed before the government’s aggressive policy rate hikes last year sent borrowing rates soaring. Nevertheless, a full revival of sentiment and transaction activity is not likely until mid-2024.
Lending rate forecast to be cut by 1-1.5pp in 2024
20-12-2023 16:01
There will be little room for further reduction in deposit interest rates in 2024 as they have dropped deeply to pre-COVID-19 levels, while the lending interest rate can still be lowered by 1-1.5 percentage points next year, Vietcombank Securities (VCBS) forecast.
BAC A BANK offers preferential lending rates
19-12-2023 14:00
BAC A BANK is to carry out a special short-term interest rate incentive scheme worth VND1 trillion ($42.2 million) from now until January 31, or until when the sum has been disbursed, available to businesses from all sectors.
Vietnam seeks Mizuho Bank's expertise
19-12-2023 09:00
Prime Minister Pham Minh Chinh has proposed a collaboration with Japan's Mizuho Bank, one of the three mega banks in Japan, for the restructuring of Vietnam's underperforming banks.
Fitch Ratings endorses MB with upgrade
15-12-2023 18:08
Fitch Ratings has elevated the Military Commercial Joint-Stock Bank (MB)'s Long-term Issuer Default Rating from 'BB-' to 'BB', marking a notable uplift in the global perception of Vietnam's banking sector.
BVBank launches 'Digibiz'
15-12-2023 17:38
BVBank unveiled Digibiz, its tailor-made digital banking platform for businesses, on December 15. The launch marks a pivotal moment in the bank's strategy to become more accessible and forge closer relationships with its customers
Vigilant enhancements underway for cross-ownership in banking sector
13-12-2023 11:26
The Vietnamese government is intensifying oversight in the banking sector, targeting cross-ownership in credit operations and the complex issue of banks’ affiliated businesses.
Banks grasp practicalities of open API
13-12-2023 10:25
Some Vietnamese lenders are increasingly adopting open API technology to enhance the customer experience and streamline services, amidst rising concerns over cybersecurity in the open banking ecosystem.
VIB raises $280 million and cements its international capital market reputation
12-12-2023 10:57
Vietnam International Commercial Joint-Stock Bank (VIB) has successfully closed a medium-long-term syndicated loan worth $280 million.
Agribank boosts ability to provide greener credit
11-12-2023 09:00
Lenders are more likely today to take a greener focus in their activities. Phung Thi Binh, deputy general director of Agribank, talked to VIR’s Nhue Man about the bank’s determination to promote green credit growth.
Vietnam readies for Open Banking revolution with new legal framework
11-12-2023 09:00
The State Bank of Vietnam (SBV) announces a major regulatory overhaul for Open Banking, with comprehensive legal guidelines and circulars expected to come into effect by July 2024.
Economy set for further rebound in Q4
08-12-2023 15:36
Vietnam’s GDP growth accelerated further to 5.33 per cent on-year in the third quarter (Q3), from 4.14 per cent in Q2. This was due to improvements in trade, manufacturing, and domestic activities, after an underperforming first half of 2023, according to the United Overseas Bank (UOB).
State Bank of Vietnam to keep policy rates steady in 2024: UOB
08-12-2023 11:00
With the pace of economic activities on the mend and inflation rates already easing below the target level, the State Bank of Vietnam (SBV) will maintain its refinancing rate at the current level of 4.5 per cent to support economic recovery, the United Overseas Bank (UOB) said in a report.
Standard Chartered and BIDV sign $100 million sustainable trade loan agreement
08-12-2023 10:02
Standard Chartered has inked a Master of Agreement with the Bank for Investment and Development of Vietnam (BIDV), committing to a sustainable trade loan of up to $100 million.
PM chairs conference seeking ways to ease capital difficulties
07-12-2023 16:56
Prime Minister Pham Minh Chinh on December 7 chaired a conference to seek measures to remove difficulties in credit for production and business activities, aiming to promote growth and macro-economic stability.
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