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SCB announces branch closures amidst restructuring
03-07-2023 18:13
Saigon Commercial Joint-Stock Bank (SCB) is closing several branches as part of its restructuring efforts. The bank has reassured customers that their rights and transactions are guaranteed, and that it is complying with directives laid out by the State Bank of Vietnam (SBV).
Central bank asks credit institutions to reduce interest rates
03-07-2023 17:05
The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.
World Bank approves 1.1 billion USD Indonesia loan
03-07-2023 16:25
The World Bank has approved two projects worth 1.1 billion USD to expand access to cleaner electricity in Indonesia.
Promoting development of economic corridors
03-07-2023 14:44
Economic corridors have the potential to bridge infrastructure gaps, foster industrial growth, and promote economic diversification, playing a pivotal role in propelling Asia towards a more inclusive and sustainable growth trajectory.
World Bank supports Vietnam's inclusive and sustainable recovery
03-07-2023 08:59
The World Bank approved $264 million of International Development Association credit for Vietnam on June 29, aimed at bolstering the country's efforts to achieve an inclusive, green, and digitally driven economic recovery, aimed at supporting households, businesses and the expansion of renewable energy.
MB and Mastercard introduce multi-functional Hi LOL Card
30-06-2023 11:16
On June 29, Military Commercial Joint-Stock Bank (MB) and the globally renowned payment processing corporation Mastercard reached a significant milestone in their enduring partnership with the launch of the Hi LOL Card – a multi-functional card that promises an unparalleled esports experience for League of Legends enthusiasts in Vietnam.
Banking sector focuses on credit institution restructuring associated with bad debt settlement
29-06-2023 15:24
The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
UBS to cut 35,000 jobs after Credit Suisse rescue: report
28-06-2023 15:00
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse - more than half its workforce - as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
VIB partners with American Express to launch first Super Card
28-06-2023 09:37
Vietnam International Bank (VIB) partnered with American Express on June 27 to launch its first Super Card, offering cardholders in Vietnam up to 15 per cent cashback on their spending across multiple categories. This cashback white card gives customers the freedom and flexibility to choose how they earn their rewards based on their lifestyle and needs.
Most Asian markets rise but wary eyes on Fed, Russia
27-06-2023 14:00
Asian markets mostly rose Tuesday after more than a week of losses but traders remained anxious about central banks' plans to continue hiking interest rates to fight stubborn inflation.
Data protection heads digital banking efforts
27-06-2023 09:31
Vietnamese authorities have been busy at work dismantling an illicit information network involving bank employees, as local lenders prioritise data protection and digital infrastructure for customer privacy and growth.
Interest rate cut contributes to supporting economic growth: economists
26-06-2023 11:57
The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level.
VinaCapital and GS Energy Partner with KEXIM in Long An LNG power plant projects
25-06-2023 11:35
Vinacapital, an asset management group in Vietnam, and GS Energy, a South Korean company, have inked an MoU with Export-Import Bank of Korea (KEXIM) to facilitate the financial development of the Long An I and II liquefied natural gas power plant projects.
Vietnam seeks support from SK financial institutions in bank restructuring
25-06-2023 11:31
Vietnam is eagerly seeking the proactive involvement of South Korean financial institutions in its ongoing efforts to restructure the country's banking system.
Shinhan Bank Vietnam organised “Bike Run” event to present bicycles and scholarships to students at SOS Children’s Village Vietnam, attended by the First Lady of the Republic Korea
23-06-2023 21:06
Shinhan Bank Vietnam (Shinhan Bank) organised the “Bike Run” event to present bicycles and scholarships to underprivileged students at SOS Children's Village Vietnam. The First Lady of the Republic of Korea, Kim Keon Hee attended the meaningful event. This is one of the First Lady's activities during the trip to accompany President of the Republic of Korea Yoon Suk Yeol on his state visit in Vietnam.
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