22-04-2024 16:33
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.
15-04-2024 15:23
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.
10-04-2024 15:26
Credit growth throughout the banking sector in the first quarter remained low at 0.26 per cent, but many banks still reported significant profits.
09-04-2024 09:46
Vietnam’s banks are to set out ambitious plans to raise charter capital this year.
05-04-2024 11:52
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.
04-04-2024 15:14
The banking sector has witnessed an inspiring profit picture in the first quarter of this year as the economic rebound takes a stronger foothold.
03-04-2024 15:15
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.
01-04-2024 15:23
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.
01-04-2024 09:37
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.
28-03-2024 10:03
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).
26-03-2024 11:37
Commercial banks are taking a firm grip on lending activities, especially for the real estate sector.
26-03-2024 10:00
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.
22-03-2024 17:04
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.
22-03-2024 15:36
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.
19-03-2024 10:35
Banks saw low credit growth in the first months of the year, a situation they are looking to resolves as balance sheets remain high.