vwas 2023 swimming in the vortex

VWAS 2023: Swimming in the vortex

The Vietnam Wealth Advisor Summit (VWAS) 2023 is taking place in Pullman Hanoi on August 8, under the theme "Swimming in the Vortex."
factors affecting bank profit outlook this year

Factors affecting bank profit outlook this year

Although the profit picture of most banks was upbeat in the first half of this year, the factors that have a key impact on bank performance in the second half are forecast to change.
bac a bank supports next generation

BAC A BANK supports next generation

With the new 2023-2024 school year here, many banks have launched individual credit packages for education and training purposes, with BAC A BANK exclusively offering attractive products and programmes to parents and students of the TH School system.
agribank ramps up business support with fresh incentives

Agribank ramps up business support with fresh incentives

Agribank has launched a wide assortment of capital packages to aid business development as well as help individuals.
fintech groups and banks linking up for new payment partnerships

Fintech groups and banks linking up for new payment partnerships

Vietnam’s payment fintech landscape is witnessing a surge in partnerships between foreign giants like Apple Pay and local banks, while local payment apps are teaming up with international firms, signalling promising growth prospects for the digital payment sector.
mb ranked in top 5 most reputable banks

MB ranked in Top 5 most reputable banks

On the morning of August 4, Military Commercial Joint Stock Bank (MB) secured its position in the Top 5 Vietnamese banks at an awards ceremony, a testament to its vital contributions towards its sustainable growth in the banking sector.
circular stipulates new regulations on electronic money transfers

Circular stipulates new regulations on electronic money transfers

The State Bank of Vietnam has issued a circular guiding certain provisions of the Law on Money Laundering Prevention and Control.
asset quality crucial to banking sector

Asset quality crucial to banking sector

Tran Thi Khanh Hien, head of Research at MB Securities, delves into the factors impacting bank performances this year.
five banks earned profits of more than 10 trillion vnd in h1

Five banks earned profits of more than 10 trillion VND in H1

Five banks in Vietnam recorded a pre-tax profit of more than 10 trillion VND (422 million USD) in the first six months of this year, financial statements of the banks showed.
thai central bank raises interest rate to 9 year high

Thai central bank raises interest rate to 9-year high

The Bank of Thailand (BoT) raised its key interest rate to a nine-year high on August 2, amid concerns about possible inflation and political instability.
approximately 68 per cent of vietnams gdp lost annually to climate change

Approximately 6.8 per cent of Vietnam's GDP lost annually to climate change

To effectively respond to climate change by 2040, Vietnam will need approximately $400 billion. However, the state budget is only anticipated to provide approximately $130 billion.
opportunities and challenges for vietnam in financial sector reform

Opportunities and challenges for Vietnam in financial sector reform

Carolyn Turk, country director for the World Bank in Vietnam, delves into the opportunities and challenges Vietnam faces as it builds a resilient and modern financial sector legal and regulatory framework.
banking organisations seek vat reduction addition

Banking organisations seek VAT reduction addition

The Vietnam Banks Association has proposed a 2 per cent VAT reduction for the entire banking sector, which is currently excluded from the list of sectors entitled to the tax cut.
hdbank generates 231 million profit in h1

HDBank generates $231 million profit in H1

Ho Chi Minh City Development Joint Stock Commercial Bank announced business results for the first half of 2023, with pre-tax profit reaching nearly VND5.5 trillion ($231.6 million), continuing its growth trajectory of the last 10 years.
outlooks lowered as weaker trade hampers 2023 growth

Outlooks lowered as weaker trade hampers 2023 growth

Slow recovery in domestic production and continued global challenges are expected to leave Vietnam behind its economic growth target this year, with international organisations lowering their forecasts.