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Fintech groups and banks linking up for new payment partnerships
07-08-2023 15:17
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
07-08-2023 14:46
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
07-08-2023 11:48
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
07-08-2023 11:16
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
04-08-2023 12:44
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
04-08-2023 11:37
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 6.8 per cent of Vietnam's GDP lost annually to climate change
04-08-2023 09:30
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
02-08-2023 18:10
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
02-08-2023 10:53
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
01-08-2023 14:36
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
01-08-2023 14:00
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.
Smaller businesses continue to bemoan strict lending criteria
01-08-2023 11:36
Despite falling interest rates, approximately a quarter of Vietnam’s small- and medium-sized enterprises are still grappling with capital access challenges.
Policy credit provides fulcrum to elevate ambitions
01-08-2023 10:15
The funding that supports employment creation by Vietnam Bank for Social Policies (VBSP) has had a positive influence on the use of seasonal workers in Son La province, contributing to altering their subsistence way of life and improving living standards.
Tensions rise between Ricons and Coteccons amid debt row
31-07-2023 18:35
Rising tensions between two major Vietnamese construction companies, Ricons Investment Construction JSC and Coteccons Construction JSC, have become public as Ricons has requested bankruptcy proceedings against Coteccons over a longstanding debt dispute.
World Bank approves nearly 130 million USD to help Nghe An province improve livability
31-07-2023 16:45
The World Bank Board of Directors on July 31 approved a project worth 129.6 million USD to strengthen flood resilience and improve sanitation, transport, and public space infrastructure in Nghe An province's Vinh city - a political, economic, and cultural centre of the north-central coastal region.
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