ratings agencies bullish on credit growth prospects

Ratings agencies bullish on credit growth prospects

Although the State Bank of Vietnam has set stringent limits on credit growth at commercial lenders in a bid to control risky lending activities, commercial lenders are now looking forward to a potential future easing of the credit growth limit.
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.
reliable strategies required

Reliable strategies required

As a year full of economic ups and downs is coming to an end, investors are looking for the light at the end of the tunnel, represented by the long-awaited COVID-19 vaccines across the globe. Tran Minh Hoang, head of research at Vietcombank Securities, outlines some observations and predictions for forthcoming exchange rates, interest rates, and some noteworthy investment hints for 2021.
vietcombank is honoured to get the vietnam value awards for the seventh time

Vietcombank is honoured to get the Vietnam Value Awards for the seventh time

Positively supporting customers backed into a corner by COVID-19 and its great contributions to the national budget helped Vietcombank earn the Vietnam Value Award for the seventh time.
vietcombank to maintain resilience despite possible bad debt formation and lower profit

Vietcombank to maintain resilience despite possible bad debt formation and lower profit

Vietcombank is expected to maintain its resilience despite possible significant bad debt formation and lower profit due to the pandemic. The bank has implemented strict provisions to control the non-performing loans ratio.
ftse vietnam and mvis december portfolio rebalancing which companies benefit

FTSE Vietnam and MVIS December portfolio rebalancing: Which companies benefit?

The forthcoming periodical portfolio rebalancing by FTSE Vietnam and MVIS is expected to remain unchanged or change only marginally. Companies are predicted to benefit from additional buying include PetroVietnam Power, Sacombank, Bao Viet Holdings, Vietcombank, and Vietjet.
core functions possibly at stake without sufficient digitalisation

Core functions possibly at stake without sufficient digitalisation

Payment intermediary is one among three core functions, and has always been considered as a unique and unparalleled feature of commercial banks. However, this might not be the case anymore as a number of century-old brands have collapsed due to their conservative mindset and unwillingness to change.
exploitable security plagues digitalisation

Exploitable security plagues digitalisation

Disruptive technologies spur the evolution in the financial landscape, with comprehensive applications providing convenient access to customers’ banking needs. However, unbeknownst to many, hackers can easily find a way around the most common two-factor authentification methods.
generali enhances premium payment experience for customers

Generali enhances premium payment experience for customers

Generali Vietnam has officially launched premium collection service via Vietcombank’s VCB Digibank, enabling customers to make safe and secure online payments anytime, anywhere, and completely free of charge.
bad debts tend to rise despite slow credit expansion

Bad debts tend to rise despite slow credit expansion

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
top 10 most valuable brands worth 81 billion usd

Top 10 most valuable brands worth 8.1 billion USD

The top 10 most valuable brands in Vietnam 2020 are worth 8.1 billion USD, increasing by 17 percent from last year and accounting for 30 percent of the list’s total value, according to Forbes Vietnam magazine.
singapore sovereign wealth fund gic reports worst 20 year annual results

Singapore sovereign wealth fund GIC reports worst 20-year annual results

Singapore’s sovereign wealth fund GIC Pte. – one of the strategic investors of Vietcombank and VNPAY – has just reported its worst 20-year annualised results in more than 10 years, coupled with a decrease in returns caused by the COVID-19 pandemic.
vietcombank plans to raise charter capital via share issuance

Vietcombank plans to raise charter capital via share issuance

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) plans to increase its charter capital for the 2020-2021 period by paying dividends in shares and issuing additional shares, according to documents of the upcoming annual shareholders’ meeting scheduled for June 26.
international insurers fortify local presence

International insurers fortify local presence

With the current global situation bringing various sectors to their knees, foreign insurers are turning the tide against the gloomy economy by ramping up their presence in Vietnam’s insurance market.
reference exchange rate up 8 vnd on april 21

Reference exchange rate up 8 VND on April 21

The State Bank of Vietnam set the daily reference exchange rate at 23,246 VND per USD on April 21, up 8 VND from the previous day.