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Sustainability-based loans the focus for top banks
21-08-2023 17:23
Foreign banks are actively joining consortiums to provide significant loans, particularly in the expanding sustainability arena.
Bancassurance difficulties softened by profit results
21-08-2023 17:10
Although a decline in the sale of insurance products through banks has materialised in recent months, the sector remains a lucrative avenue for banks.
Shinhan Bank Vietnam celebrates 30 years in Vietnam
21-08-2023 14:28
South Korean financial conglomerate Shinhan Bank has marked 30 years of presence in Vietnam and is proud to be a “trusted financial partner” to millions of Vietnamese customers.
MB reveals ambitious roadmap at Business Forum 2023
19-08-2023 19:00
At the Forbes Vietnam's Business Forum 2023, MB's chairman Luu Trung Thai unveiled the bank's strategic pivot towards digital dominance, forecasting that digital platforms will contribute half of the bank's revenue over the coming four years.
State bank's new circular facilitates lending to real estate projects
17-08-2023 17:00
The State Bank of Vietnam (SBV) and the banking system always create favourable conditions to support real estate businesses and the property market to develop strongly and sustainably, said Pham Chi Quang, Director of the SBV’s Monetary Policy Department.
Policy credit drives poverty reduction
17-08-2023 16:14
By 2030, all needy households will be able to access the financial products and services provided by Vietnam Bank for Social Policies (VBSP).
SBV credit policies to unlock capital for enterprises
17-08-2023 15:44
To reach the set socioeconomic development and credit growth goal for 2023, the State Bank of Vietnam (SBV) has raised some measures to manage credit activities and remove burdens for people and businesses in the second half of the year.
VPBank brand value reaches nearly $1.3 billion
15-08-2023 15:25
VPBank’s value is almost 1.5 times as high as the previous year, valued at nearly $1.3 billion and ranking 173rd in the world’s 500 most valuable banking brands.
Interest rate anchoring in US supporting VND status
15-08-2023 13:00
The US Federal Reserve’s July interest rate rise by 0.25 percentage points, resulting in policy rates reaching a 22-year high, may not be the end of the matter given the recent trend of continuously lowering interest rates.
Flexible and prudent fiscal policies protecting Vietnam
15-08-2023 09:43
The Vietnamese government is making efforts to reach its target for economic growth in 2023 at 6-6.5 per cent this year. Nguyen Ba Hung, principal country economist at the Asian Development Bank (ADB) in Vietnam, talked with VIR’s Thanh Tung about key momentum for the economy towards the year’s end.
Vietcap Securities raises $100 million in overseas loan
14-08-2023 14:22
Vietcap Securities has successfully secured a $100 million capital-backed loan from Mega International Commercial Bank, underscoring its growth ambitions and strengthening its financial standing.
BAC A BANK wins Priority Services of the Year award
11-08-2023 17:40
Bac A Commercial Joint-Stock Bank (BAC A BANK) has been presented with the Priority Services of the Year Award at VIR’s 2023 Vietnam Wealth Advisor Summit (VWAS).
Banks witness bleak profit results
11-08-2023 14:47
Throughout the first half of this year, many banks – particularly smaller entities – have witnessed a sharp reduction in their profits.
World Bank forecasts growth of 4.7 per cent in 2023
11-08-2023 10:18
According to the latest report by the World Bank, Vietnam’s economy is expected to grow by 4.7 per cent in 2023, with a slow recovery to 5.5 per cent in 2024 and 6 per cent in 2025.
Foreign investors amplify stake in Saigonbank
11-08-2023 09:14
In a recent trading surge, foreign investors have acquired a significant proportion of Saigonbank's (SGB) shares, boosting their overall stake to 14.8 per cent.
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