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VBSP driving digital finance to aid the disadvantaged
24-05-2023 18:11
On May 23 in Hanoi, Vietnam Bank for Social Policies (VBSP), in tandem with The Asia Foundation (TAF) and Mastercard, with support from the Australian Department of Foreign Affairs and Trade (DFAT) hosted a seminar on promoting digital finance and inclusion for disadvantaged Vietnamese people.
State Bank of Vietnam implements third round of interest rate cuts to boost economy
24-05-2023 16:29
The State Bank of Vietnam (SBV) has just announced a series of interest rate reductions. This marks the third time it has decided to lower operating interest rates since the beginning of 2023, with the new changes taking effect from May 25.
Further interest rate cuts hoped to fuel money flows into real estate
24-05-2023 16:15
The State Bank of Vietnam (SBV) is set to further reduce regulatory interest rates on May 25, the third cut in a row since mid-March, expected to give a boost to the stagnant real estate market.
VietinBank and MUFG Bank celebrate 10 years of strategic alliance
24-05-2023 10:00
VietinBank and MUFG Bank Ltd. have commemorated the 10-year strategic alliance that has enabled both organisations to support the growth of Vietnam’s banking sector and foster deeper Vietnam-Japan exchanges.
OCB secures $100 million loan from IFC to empower SMEs
23-05-2023 17:06
Vietnam's Orient Commercial Joint Stock Bank (OCB) has just secured a substantial loan of $100 million from the prestigious International Finance Corporation (IFC).
Remittances to HCM City likely to hits 7 billion USD in 2023
23-05-2023 15:29
Remittances to Ho Chi Minh City are expected to reach 7 billion USD in 2023, an annual increase of about 6-7 per cent.
HDBank contributes to development of Ho Chi Minh City
23-05-2023 12:05
Ho Chi Minh City Development Commercial Joint-Stock Bank (HDBank) has been on a journey of more than 30 years, contributing to the creation and development of Ho Chi Minh City.
Fund management acquisitions unlock new edge
23-05-2023 10:57
Vietnamese banks are increasingly expanding their investment in fund management and securities firms to diversify their services, unlock new revenue streams, and strengthen their competitive edge.
High-value investment of prime importance to advance
23-05-2023 09:58
Vietnam is leaning towards quality and more modern investing initiatives. Joon Suk Park, head of International Subsidiary Banking, Wholesale Banking at HSBC Vietnam, spoke to VIR’s Hong Dung about the key sectors for high-value funding in this country.
An expert's view on interest rate movements
22-05-2023 17:43
Le Xuan Nghia, senior economist, shared his views on the possibility of interest rate movements in the months to come, and the potential impact on the banking system and the economy.
WB: Cambodia’s economy on solid recovery path
22-05-2023 15:25
Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent this year, according to a World Bank (WB) report.
VPBank meeting the needs of foreign customers
22-05-2023 11:07
VPBank, together with strategic partner SMBC of Japan, aims to provide foreign customers with more comprehensive corporate financial services while taking care of their staff’s financial demands, thus contributing to their efforts to retain talented people and create high growth value in the long term.
External headwinds continue to hurt Vietnam's economy: World Bank
22-05-2023 09:00
The recent report of the World Bank (WB) on Vietnam said that the economy was facing external headwinds as weakening external demand continues to weigh on exports, translating into weakening industrial production.
Vigilance over bad debt essential
20-05-2023 10:00
As bad debts continue to pose a threat to the banking sector's performance, financial authorities are implementing a host of measures to keep tabs on credit quality and mitigate risk to optimise the efficiency of credit institution restructuring.
VPBank has received a 10 per cent deposit from SMBC
19-05-2023 15:59
At an investor-update meeting on May 18, Luu Thi Thao, deputy general director of VPBank, revealed that the bank has received a 10 per cent deposit from Japanese partner SMBC, as part of the $1.5 billion private placement agreement signed between the two banks.
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