acquisitions to help boost restructuring of weak banks

Acquisitions to help boost restructuring of weak banks

Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
techcombank to launch new non life insurance company

Techcombank to launch new non-life insurance company

Techcom Non-Life Insurance Joint Stock Company (TCGIns) has received approval from the Ministry of Finance and is scheduled to begin operations in early November.
akbanks innovative project call pochallenge is set to kick off

Akbank's innovative project call: PoChallenge is set to kick off!

Akbank's innovation center Akbank LAB is launching Akbank PoChallenge in collaboration with APIX, inviting both local and global companies to collaborate on groundbreaking projects with the bank.
55 billion remittance flows to ho chi minh city in first nine months

$5.5 billion remittance flows to Ho Chi Minh City in first nine months

The flows of remittances to Ho Chi Minh City reached $5.5 billion in the first nine months of 2024, a 10 per cent increase against the same period last year, according to Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City branch, at a conference on October 11.
cake and the gioi di dong to provide consumer loans

Cake and The Gioi Di Dong to provide consumer loans

VPBank's digital subsidiary Cake and The Gioi Di Dong JSC signed an agreement to provide online consumer loans on October 11.
uob announces collaborations with institutes of higher learning and industry partners at better u to drive job transformation

UOB announces collaborations with Institutes of Higher Learning and industry partners at Better U to drive job transformation

UOB is partnering with Institutes of Higher Learning (IHLs) and industry partners to launch an industry-first comprehensive structured 12-month programme with customised learning paths and coaching to support colleagues' transition into new roles within the Bank.
rebuilding lives a priority in aftermath of typhoon yagi

Rebuilding lives a priority in aftermath of Typhoon Yagi

In the wake of Typhoon Yagi, addressing the tragic consequences and rebuilding efforts has become paramount, with crucial bank support and strategic advice from industry experts guiding the process.
vpbank and jbic sign 150 million credit line to finance green projects

VPBank and JBIC sign $150-million credit line to finance green projects

VPBank and the Japan Bank for International Cooperation (JBIC) signed a general agreement for a credit line totalling $150 million on October 9.
the future of ai in business integrating technology with human oversight

The future of AI in business: integrating technology with human oversight

Sylvester Kinuthia, head of transaction banking at Standard Chartered Bank Vietnam, delves into the opportunities and challenges of AI application in business, and how Standard Chartered works to ensure effective and ethical AI deployment.
cathay united bank takes home 4 awards from the asset for outstanding advancements

Cathay United Bank Takes Home 4 Awards From The Asset for Outstanding Advancements

TAIPEI , Oct. 8, 2024 /PRNewswire/ -- Cathay United Bank won worldwide recognition once again for its superb asset management services.
manulife vietnam and techcombank to end their exclusive distribution partnership

Manulife Vietnam and Techcombank to end their exclusive distribution partnership

Manulife Vietnam and Techcombank today announced updated information on their exclusive insurance distribution partnership in Vietnam.
banks conducting massive bond issuances

Banks conducting massive bond issuances

Besides attracting deposits to meet the heightened credit demand at the end of the year, banks are racing to issue bonds to replenish capital sources.
vietnams financial services industry trends to generative ai

Vietnam’s financial services industry trends to Generative AI

GenAI is transforming the financial services industry (FSI) in Vietnam, and industry players are utilising it to drive innovation and growth.
bond market recovery slowed by weak institutional investor support

Bond market recovery slowed by weak institutional investor support

Despite positive signs of recovery, Vietnam's corporate bond market remains fragile due to the limited presence of institutional investors, highlighting the need for stronger participation to ensure long-term stability.
vikki digital bank claims innovation title at better choice awards

Vikki Digital Bank claims innovation title at Better Choice Awards

At the Vietnam Innovation Challenge 2024 on October 2, Vikki Digital Bank made its Hanoi debut and proudly received an award for its innovation in the finance and banking sector as part of the Better Choice Awards.