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Meiko Corporation to invest $200 million in electronic manufacturing project in Hoa Binh province

12-06-2023 13:47

Japan’s Meiko Corporation has recently partnered with the leadership of Hoa Binh province to propose an investment plan for constructing an electronic circuit manufacturing facility at the Da River Left Bank Industrial Park in Hoa Binh city.

Vested interests doing damage in banking

12-06-2023 12:19

Concerns are being raised by various stakeholders in Vietnam’s banking sector regarding the risks of cross-ownership, emphasising the need for regulatory reforms to enhance transparency, mitigate the dominance of major shareholders, and propose measures such as reducing ownership ratios and expanding information disclosure.

Policy interest rate expected to further reduce in H2 2023

09-06-2023 16:38

The analysts also expect the average 12-month deposit interest rate will drop to 7 per cent per year in 2023.

VPBank launches Enterprise Data and Analytics Division

09-06-2023 14:52

As part of its ongoing measures to strengthen the use of data analytics and AI in driving value, VPBank held a ceremony at its headquarters on June 5 to launch its new Enterprise Data and Analytics (EDA) Division.

World Bank forecasts Philippines' GDP to grow 6 per cent in 2023

09-06-2023 11:09

The World Bank's Philippines Economic Update (PEU) said on June 7 that it expects the Philippines' gross domestic product (GDP) to grow 6 per cent this year and 5.9 per cent in 2024 due to solid domestic demand.

CB on verge of mandatory transfer to Vietcombank

08-06-2023 14:41

Construction Bank (CB) is reaping rewards as it embarks on its ninth year of restructuring, poised to undergo a compulsory transition into becoming a subsidiary of Vietcombank.

High interest rates cast shadow over real estate

07-06-2023 18:08

Despite improved liquidity compared to the outset of 2023, bank lending rates remain a key factor in resolving the current slowdown in the real estate market.

Banks pin hopes on non-interest income sources

07-06-2023 16:21

Banks expect to rely more on non-interest income sources in the face of the credit expansion slowdown and challenging business environment to see any considerable profit growth this year.

Vietbank to revolutionise Ho Chi Minh City bus payments

07-06-2023 15:30

Vietbank, in partnership with Vidiva Technology JSC and Mastercard, unveiled its strategy to expand the EMV Open-Loop payment system for city buses in Ho Chi Minh City on June 5, signifying an intention to enhance the experience of the city's public transportation for passengers

Chief Justice calls for action to reduce number of banks in Vietnam

07-06-2023 13:57

Vietnam’s Chief Justice Le Minh Tri has highlighted the need for proactive measures to tackle non-performing loans and collateral assets, noting the importance of reducing the number of commercial banks in Vietnam to prevent unhealthy competition.

Interest rate cuts alone deemed insufficient

06-06-2023 15:00

Members of the business community and experts are weighing up the diverse aspects of interest rate reductions, focusing on measures to ensure future growth.

Enhanced customer experience with AI-powered tech

06-06-2023 08:00

With hyper-personalised digital banking apps, cashless transactions are becoming the new norm. We are seeing the emergence of digital financial advisors that are entirely capable of providing financial planning advice through automated algorithms. The rapid pace of digital transformation in the finance industry cannot be stopped.