mb finalises strategy for acquisition of distressed bank

MB finalises strategy for acquisition of distressed bank

At Military Bank's (MB) AGM on April 19, CEO Pham Nhu Anh revealed that the bank has completed all necessary procedures for the compulsory transfer of a troubled bank, with a target completion date set for this year or 2025, contingent on government approval.
listing ambitions of vietnamese banks backed by leaders

Listing ambitions of Vietnamese banks backed by leaders

Several of Vietnam’s banks are gearing up to list on the Ho Chi Minh Stock Exchange, indicating a notable growth trajectory and an opportunity for capital augmentation.
banks post huge profits despite low credit growth

Banks post huge profits despite low credit growth

Credit growth throughout the banking sector in the first quarter remained low at 0.26 per cent, but many banks still reported significant profits.
banks eye charter increase

Banks eye charter increase

Vietnam’s banks are to set out ambitious plans to raise charter capital this year.
techcombank named best bank in vietnam by global finance

Techcombank named Best Bank in Vietnam by Global Finance

Techcombank has been named the Best Bank in Vietnam by US-based financial publication Global Finance at its 31st annual awards for the World’s Best Banks.
banks eye rosier prospects in q1

Banks eye rosier prospects in Q1

The banking sector has witnessed an inspiring profit picture in the first quarter of this year as the economic rebound takes a stronger foothold.
bank shareholders to receive lucrative dividend

Bank shareholders to receive lucrative dividend

Nam A Bank passed its plan for its dividend payout at its AGM on March 29, at a ratio of 25 per cent in the form of shares, to bolster its financial standing. The bank aims to raise its charter capital to nearly $571 million this year, before reaching $675 million by 2025.
garmin vietnam announces expansion of payment service

Garmin Vietnam announces expansion of payment service

Garmin Vietnam is expanding its contactless payment service, Garmin Pay, through a collaboration with five major banks, ACB, MB, Sacombank, Techcombank, and Vietcombank, the company announced on April 1.
banks and mutual fund market partners in growth

Banks and mutual fund market: partners in growth

In recent years, a strong transformation has been witnessed with commercial banks in developing wealth management and investment advisory services. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked to VIR’s Nhue Man about the mutual fund market in Vietnam.
bac a bank hits award with foreign exchange transaction

BAC A BANK hits award with foreign exchange transaction

Within the framework of the Vietnam FX Awards 2024 held in Hanoi recently, Bac A Commercial Joint Stock Bank (BAC A BANK) was honoured to be granted the award of Top 5 Banks with the largest foreign exchange trading volume in Vietnam on FX matching year 2023 awarded by the London Stock Exchange Group (LSEG).
lending slowdown threatens to delay real estate recovery

Lending slowdown threatens to delay real estate recovery

Commercial banks are taking a firm grip on lending activities, especially for the real estate sector.
regaining trust essential to bolster growth of credit

Regaining trust essential to bolster growth of credit

Some banks are at times reluctant to lend, regardless of their financial standing. Tran Ngoc Bau, CEO of WiGroup, a major provider of economic data and fintech solutions, talked to VIR’s Nhue Man about credit bottlenecks in the current context and how to boost credit growth in a healthy manner.
deposit interest rates continue to fall

Deposit interest rates continue to fall

More than 20 banks have cut interest rates for most terms since the end of February. Few banks have increased their rates, only applying the adjustment to a few deposit terms, such as at Sacombank, BacABank, and Saigonbank.
agritech startup techcoop raises 5 million

Agritech startup Techcoop raises $5 million

With financing from local VC firm Ascend Vietnam Ventures (AVV) and Singapore-based VC firm TNB Aura, agritech startup TechCoop Pte. Ltd. secured over $5 million in equity and debt from local banks on March 21. Ethos Ventures, South Korean impact investor MYSC, and Mandala Capital also participated in the fundraising.
bank credit registers slight fall in first two months

Bank credit registers slight fall in first two months

Banks saw low credit growth in the first months of the year, a situation they are looking to resolves as balance sheets remain high.