lenders manifest steady trajectory with profit figures

Lenders manifest steady trajectory with profit figures

Although first quarter business results of banks show deceleration compared to the final quarter of 2022, in the current macro context, this still is an encouraging growth.
credit institutions allowed to reschedule repayment terms

Credit institutions allowed to reschedule repayment terms

Credit institutions and foreign bank branches are now allowed to restructure the repayment terms to support clients struggling with production and business expenses.
msb shareholders reject ma proposal with another vietnamese bank

MSB shareholders reject M&A proposal with another Vietnamese bank

With only a paltry 56 per cent of shareholders having voted in favour of the merger, the proposed collaboration between MSB and another Vietnamese bank, allegedly PGBank, has failed to meet the required threshold of 65 per cent, thereby casting a shadow of doubt over a potential merger and acquisition (M&A) deal.
companies hold back from listing in exchange shake up

Companies hold back from listing in exchange shake-up

A number of companies have postponed or entirely cancelled plans to list in Vietnam due to current market volatility and economic uncertainties, while some banks signal their intention to tap into broader funds by switching to the Ho Chi Minh City bourse.
favourable balance declared in foreign currency

Favourable balance declared in foreign currency

The interbank USD/VND exchange rate is expected to stabilise in the current quarter, according to forecasts.
reinventing vietnams real estate cash flow

Reinventing Vietnam's real estate cash flow

In addition to finding a means to recover the real estate market, Vietnam's current concern is preventing hazards to the banking and financial systems.
mb laos launches new banking app

MB Laos launches new banking app

MB's Laos branch officially launched a fresh banking application for individual customers in the capital city of Vientiane on April 21.
lpbank seeks strategic foreign investors

LPBank seeks strategic foreign investors

LienVietPostBank, now known as LPBank, is embarking on a quest to attract foreign investors who share its vision and strategy, as it seeks to strengthen its market position and expand its horizons.
techcombank enters 2023 with strategic plan

Techcombank enters 2023 with strategic plan

Against the formidable challenging confronting the banking system, Techcombank has embarked upon distinct strategies to effectively address and advance amid obstacles in the real estate and corporate bond market.
pm works with ministries agencies on finance banking activities

PM works with ministries, agencies on finance-banking activities

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.
hsbcs largest shareholder outlines bank break up strategy

HSBC's largest shareholder outlines bank break-up strategy

HSBC's largest shareholder ramped up pressure on the bank to break up its business on Tuesday, saying it was underperforming and has failed to "address key business model challenges".
enhancing resistance of buildings to natural disasters

Enhancing resistance of buildings to natural disasters

IFC launched the Building Resilience Index on April 20 to help Vietnamese enterprises build climate-resilient projects.
lenders must embrace responsibility to real estate

Lenders must embrace responsibility to real estate

The banking system is under pressure to assist the real estate market through recent turbulence. Dr. Le Xuan Nghia, member of the National Financial and Monetary Policy Advisory Council, talked with VIR’s Hong Dung about the situation and projections for what is to come.
learning the key bank crisis lessons

Learning the key bank crisis lessons

Just over a month ago, the global banking system was shocked by the failure of Silicon Valley Bank (SVB) and the ensuing wave of panic, which was disastrous for Signature Bank, a New York City lender. The turbulence soon spread to Europe, where Credit Suisse came to the brink of collapse and was eventually forced to merge with large Swiss bank UBS.
businesses hoping for flexibility with lending conditions

Businesses hoping for flexibility with lending conditions

Businesses are still up against it when it comes to applying for bank loans, even though Vietnam’s central bank has cut interest rates several times already this year.