year end credit growth driven by industrial sector

Year-end credit growth driven by industrial sector

The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.
major bancassurance deals may be at peak

Major bancassurance deals may be at peak

The recent termination of some major bancassurance partnerships in Vietnam reflects a challenging market environment, but opportunities remain for a more transparent and sustainable revival in the sector.
banks profit picture in q3 creates mixed sentiment

Banks' profit picture in Q3 creates mixed sentiment

Banks are releasing their third-quarter business results, and sentiments have been mixed about their profit picture.
liquidity pressure substantial on vietnams banks

Liquidity pressure “substantial” on Vietnam’s banks

Intense liquidity pressures and surging interest rates are anticipated in the domestic banking sector as the year-end approaches.
remittance fee drop could boost economy

Remittance fee drop could boost economy

Experts have recommended that Vietnamese banks collaborate with foreign institutions to reduce remittance fees, as remittances remain one of the most vital financial sources for the country, especially for Ho Chi Minh City.
stronger us labour market opens prospects for vietnam

Stronger US labour market opens prospects for Vietnam

A strong job market, falling inflation, and falling interest rates are all creating a positive macroeconomic picture in some major financial markets, especially the United States. Trinh Ha, a financial market analyst from Exness Investment Bank, told VIR’s Nguyen Thu about the interest rate scenario and its impact on the Vietnamese market.
a driving force to connect the vietnam us relationship

A driving force to connect the Vietnam-US relationship

With nearly 45 years of experience in banking and finance and three decades of living and working in Vietnam, Bradley Lalonde has been a driving force in strengthening Vietnam-US relations and his contributions have played a key role in Vietnam’s economic integration and development.
dbp as top sustainability advocate in asia

DBP as top sustainability advocate in Asia

In the heart of the Philippines' financial landscape, the Development Bank of the Philippines stands tall as a beacon of sustainability with the distinction as "Top Sustainability Advocates in Asia " conferred by Malaysia -based MORS Group at the Asia Corporate Excellence and Sustainability Awards 2023.
techcombank and databricks revolutionize banking for millions of customers with cutting edge data and ai solutions

Techcombank and Databricks Revolutionize Banking for Millions of Customers with Cutting-Edge Data and AI Solutions

HANOI, Vietnam , Oct. 18, 2024 /PRNewswire/ -- Techcombank, one of Vietnam's leading financial institutions, today announced that it has implemented the Databricks Data Intelligence Platform to drive its data and AI transformation across the organization.
vietcombank and mbbank to acquire construction bank and ocean bank

Vietcombank and MBBank to acquire Construction Bank and Ocean Bank

The State Bank of Vietnam (SBV) announced a decision for the mandatory transfer of CBBank and Ocean Bank to Vietcombank and MBBank, respectively, on October 17.
assessing vietnams development landscape through 2024

Assessing Vietnam’s development landscape through 2024

Nguyen Thuy Hanh, Standard Chartered Vietnam’s CEO and head of Banking and Coverage, delves into Vietnam’s development this year.
vib becomes first bank to launch online credit card issuance via vneid

VIB becomes first bank to launch online credit card issuance via VNeID

VIB has become the first bank to utilise information from an electronic identification and authentication system (VNeID) to issue credit cards online starting from October 17.
skan ai introduces new real time execution visibility solution to transform anti money laundering programs

Skan AI introduces new "Real-time Execution Visibility" solution to transform Anti-Money Laundering programs

Skan AI, a leading provider of work and process intelligence solutions, today announced the launch of a groundbreaking offering designed to address critical deficiencies in Anti-Money Laundering (AML) programs across the banking and financial sectors.
capital injection accelerated into vietnams economy

Capital injection accelerated into Vietnam’s economy

The decline in the exchange rate has given the State Bank of Vietnam more room to ease monetary policy, injecting capital into the economy to meet the credit growth target, stimulate domestic investment, and aid post-typhoon recovery.
credit growth cap strategy on the cards

Credit growth cap strategy on the cards

The State Bank of Vietnam last week signalled its ambition to explore a roadmap to lift credit growth caps, potentially allowing commercial banks greater flexibility in their lending activities.