26-07-2023 09:54
A longstanding financial dispute involving outstanding debts from economic contracts has culminated in a bankruptcy petition against Coteccons Construction JSC by Ricons Construction JSC.
26-07-2023 08:00
Multiple securities reports have forecasted that the pre-tax profit of the entire banking industry will experience a deceleration and subsequently exhibit a significant divergence over the next year, but bank stocks are still highly sought after.
25-07-2023 17:17
The Government has assigned the Ministry of Finance to study a proposal to allow the State Bank of Vietnam to guarantee payment of bank bonds, just like with bank deposits.
25-07-2023 11:22
On June 30, the State Bank of Vietnam (SBV), in an effort to address loopholes in previous regulations and offer a more comprehensive framework for non-government guaranteed offshore borrowing, issued Circular No.08/2023/TT-NHNN to replace Circular No.12/2014/TT-NHNN from August 15. Circular 08 has been adopted with significant changes compared to Circular 12.
25-07-2023 09:57
Policy credit sources from Vietnam Bank for Social Policies (VBSP) have helped former criminals reintegrate into the community and lead a better life.
24-07-2023 12:12
GIMO, a prominent Vietnam-based fintech specialising in providing flexible pay and financial wellbeing solutions for under-banked workers, has just announced the successful completion of its Series A funding round, securing a substantial capital raise of up to $17.1 million.
24-07-2023 08:00
In June, Vietnam International Bank (VIB) cooperated with American Express to launch its first white card, named Super Card. Tuong Nguyen, head of VIB's Card Strategy & Operation Centre, and Divya Jain, vice president and general manager of Global Network Services in Asia and South Pacific Growth Markets for American Express, talked to VIR's Thanh Van about the aim of the tie-up.
22-07-2023 11:59
Sacombank faces intense scrutiny as a government audit exposes substantial loans tied to a single project and an array of potential regulatory violations, sparking concerns over the bank's internal control systems.
21-07-2023 16:22
A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.
21-07-2023 11:07
Thanh Thanh Cong-Bien Hoa JSC (TTC AgriS), one of Vietnam's frontrunning agribusinesses, inked a deal on July 20 to secure an unsecured loan of up to $100 million.
19-07-2023 12:36
During a recent conference reviewing Agribank's activities in the first half of 2023, chairman of the Board of Directors Pham Duc An put forward a proposal to increase the bank's charter capital. The move aims to ensure sufficient funds to support the bank's credit expansion goals.
19-07-2023 12:35
AEON Vietnam has been issued a $41 million loan from the Japan Bank for International Cooperation (JBIC) and Mizuho Bank to facilitate a greater footprint in the southern region.
19-07-2023 09:00
Vietnam’s banking sector, both traditional and digital, continues to draw significant foreign investment, signalling international confidence in the market’s growth potential.
18-07-2023 18:00
The insurance sector can be a game-changer by managing risks from climate change in Asia-Pacific, protecting ecosystems, and supporting the shift towards a sustainable future.
18-07-2023 12:00
Many local banks are wading through troubled waters as they strive to comply with personal data protection regulations, navigating the delicate balance between privacy rights, regulatory compliance, and cybersecurity.