dfc pledges 300 million bilateral loan to vpbank for sustainable finance

DFC pledges $300-million bilateral loan to VPBank for sustainable finance

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the US International Development Finance Corporation (DFC) inked a Commitment Letter on a bilateral loan worth $300 million with a seven-year tenure.
be group working with vinfast and cake by vpbank to promote ev use

Be Group working with VinFast and Cake by VPBank to promote EV use

Be Group signed a cooperation agreement on September 8 with VinFast and Cake by VPBank to encourage its drivers to switch from petrol to electric vehicles (EVs), meaning thousands of Be drivers will benefit from VinFast's support policies and have access to financial solutions from Cake the digital bank.
ocb secures 55 million loan from deg bolstering support for smes

OCB secures $55 million loan from DEG, bolstering support for SMEs

The Orient Commercial Joint Stock Bank (OCB) has secured a $55 million loan from Germany's DEG, targeting support for SMEs, especially those led by women, to lift Vietnamese living standards.
vietnam banks support adopt and build approach to digital transformation

Vietnam banks support 'adopt and build' approach to digital transformation

More than 55 per cent of chief information officers in Vietnam are more inclined to embrace an “adopt and build” approach in their digital banking transformation, above the Asia-Pacific average of 48 per cent.
prime minister meets world bank president in indonesia

Prime Minister meets World Bank President in Indonesia

Prime Minister Pham Minh Chinh on September 7 received World Bank (WB) President Ajay Banga in Jakarta on the sideline of the 43rd ASEAN Summit and related meetings in Indonesia.
cambodian central bank to auction 50 million usd to stabilise riel

Cambodian central bank to auction 50 million USD to stabilise riel

The National Bank of Cambodia (NBC) announced on September 6 that it has successfully auctioned 10 million USD in an effort to stabilise the Cambodian riel against the US dollar.
banks roll out credit incentives to boost demand

Banks roll out credit incentives to boost demand

Banks are rolling out a raft of concessionary lending schemes to fuel demand amid gloomy credit growth.
hdbank receives digital innovation award at the asean business awards 2023

HDBank receives Digital Innovation award at the ASEAN Business Awards 2023

Ho Chi Minh City Development Joint Stock Commercial Bank is the only bank in Vietnam to receive the "Digital Innovation" award by the ASEAN Business Awards - ABA 2023.
banks juggle bancassurance quandary

Banks juggle bancassurance quandary

Some Vietnamese commercial banks have reported a dramatic dip in their bancassurance sales for the first half of the year as the sector navigates controversies and a historically low number of active life insurance contracts.
banks join in promoting green credit

Banks join in promoting green credit

Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
lending rate lag still causing bank unease

Lending rate lag still causing bank unease

Banks remain in a phase of inventory, facing challenges in the active monetisation of funds and resulting in an accumulation of excess liquidity.
three institutional investors secure 40 per cent stake in pg bank

Three institutional investors secure 40 per cent stake in PG Bank

PG Bank has seen a significant shift in its ownership as three institutional investors jointly acquired a 40 per cent stake, following the State Bank of Vietnam's approval.
bidv selects ibm api connect to enhance banking experience

BIDV selects IBM API Connect to enhance banking experience

BIDV announced on August 23 its selection of IBM API Connect as the platform to build a new API management system to maximise the digital banking experience of its clients.
citi commends local banks at asean roadshows

Citi commends local banks at ASEAN roadshows

Citi recognised the outstanding performance of 11 Vietnamese banks during its Financial Institutions Roadshows, held in Hanoi on August 18 and Ho Chi Minh City on August 21.
the economics of nature how to integrate natural capital into policy

The economics of nature: How to integrate natural capital into policy

Nature's ability to regenerate is dwindling as human demands on it increase. To reverse this trend, we need to incorporate natural capital into economic modelling and policymaking.