co financing deals shore up belief in deep rooted growth

Co-financing deals shore up belief in deep-rooted growth

Recent loan and credit agreements among Vietnamese banks and international financial organisations are reinforcing faith in promoting long-term growth prospects in Vietnam through renowned banks.
banks in charter capital hikes to add momentum

Banks in charter capital hikes to add momentum

Despite concerns over a deteriorating economic picture, both local and foreign-invested banks are laying fresh momentum in the capital hike race to supplement their adequacy ratio and intensify operations in Vietnam.
moodys extends upgrade review for vpbank and fe credit

Moody's extends upgrade review for VPBank and FE Credit

Moody's Investors Service has extended its review for upgrade on all long-term ratings and assessments of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and its subsidiary VPBank Finance Company Limited (FE Credit).
mambu wins new digital banking deal with cake

Mambu wins new digital banking deal with Cake

Banking technology vendor Mambu has won a deal with Cake, a new digital bank which is looking to scale its business towards offering a full suite of digital banking services.
vpbank to issue additional shares and increase charter capital to nearly 2 billion

VPBank to issue additional shares and increase charter capital to nearly $2 billion

VPBank will issue a maximum of more than 1.97 billion shares to existing shareholders to raise its charter capital.
shrewd activities resulting in banking bonuses for 2021

Shrewd activities resulting in banking bonuses for 2021

Despite the unexpected turbulence from public health challenges, privately-held commercial banks in Vietnam are enjoying stellar profit bonanzas thanks to their full suite of minted financial services, alongside cost-effective drives and debt rescheduling roadmaps.
rosy half year profits across the board at vietnamese banks

Rosy half-year profits across the board at Vietnamese banks

In the first half of this year, most banks have fulfilled more than half of their full-year profit targets despite COVID-19 complexities.
japanese banks take on strategic roles

Japanese banks take on strategic roles

Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
six banks among 10 most effective listed companies in vietnam

Six banks among 10 most effective listed companies in Vietnam

Six Vietnamese banks, including Vietcombank, ACB, VPBank, VIB, MB, and Techcombank are among the 10 largest, most effective listed companies.
consumer finance groups tap new funds

Consumer finance groups tap new funds

International expertise and solid financial support are vaulting some consumer finance companies in Vietnam ahead of their peers, and also presenting opportunities for both sides to deploy excess capital and diversify their business.
vpbank looks for foreign strategic partner

VPBank looks for foreign strategic partner

Vietnam Prosperity Bank, or VPBank (HSX: VPB) has just announced setting its maximum foreign ownership limit at 15 per cent, with plans to make a private placement for a foreign strategic investor.
dragon capital becomes largest shareholder of vpbank

Dragon Capital becomes largest shareholder of VPBank

Dragon Capital increased its ownership rate in VPBank (VPB) to 5.12 per cent, becoming its largest foreign shareholder.
fe credit goes all in on aws to accelerate innovation

FE CREDIT goes all-in on AWS to accelerate innovation

Amazon Web Services, Inc. (AWS), an Amazon.com company, on April 28 announced that FE CREDIT, the largest consumer lender in Vietnam and a subsidiary of VPBank, has gone all-in on AWS, moving the vast majority of its IT infrastructure to the world’s leading cloud to respond faster to the company’s business objectives in market penetration and expansion.
capital injections loom in finance ma

Capital injections loom in finance M&A

Although the pandemic is still taking a serious toll on the economy, foreign investors are banking on cross-border mergers and acquisitions in the financial industry, especially in consumer finance and retail banking, illustrating the urgency to acquire new capabilities.
nine vietnamese banks increase global brand finance ranking

Nine Vietnamese banks increase global brand finance ranking

There are nine Vietnamese banks on the Brand Finance Banking 500 list, including Agribank, Vietcombank, VietinBank, VPBank, BIDV, Techcombank, Military Bank (MB), Sacombank, and ACB.