dbs bank empowers vietnams green revolution

DBS Bank empowers Vietnam's green revolution

In an exclusive interview with VIR’s Luu Huong, Yulanda Chung, head of Sustainability, Institutional Banking Group at DBS Bank discussed how the bank has embraced the opportunity in Vietnam to harness the power of banking to create a positive impact.
standard chartered forecasts growth slowdown in q2

Standard Chartered forecasts growth slowdown in Q2

In a recent global research report, Standard Chartered Bank forecasts Vietnam’s second quarter (Q2) GDP growth to have slowed to 1.5 per cent on-year, from 3.3 per cent in Q1. This poses downside risks to its 6.5 per cent growth forecast for 2023. However, a rebound is expected in the second half of 2023.
hdbank launches korea desk

HDBank launches 'Korea Desk'

To welcome the visit of President Yoon Suk Yeol and a delegation of over 200 large Korean enterprises to Vietnam, HDBank has officially launched the 'Korea Desk', a department providing specialised banking products, services, and advisory support for Korean corporate customers in Vietnam.
tax department in vietnam asks banks to provide transaction information

Tax Department in Vietnam asks banks to provide transaction information

The General Department of Taxation has issued a letter requesting commercial banks and other credit institutions to provide transaction information, account balances, and data as requested by the directors of local tax departments.
top 10 prestigious vietnamese banks in 2023 revealed

Top 10 prestigious Vietnamese banks in 2023 revealed

2023 is seen by the banking industry as a challenging year as they have to continue to share resources and help cushion pressure on businesses amid slowing global economic growth.
adb highlights default risks in vietnams property markets

ADB highlights default risks in Vietnam's property markets

Vietnam's property equity index has experienced a significant decline of around a half since January, according to a recent report on East Asian bond markets released by the Asian Development Bank (ADB).
bancassurance takes on trust challenges

Bancassurance takes on trust challenges

The bancassurance sector is facing challenges amid many partnerships and complaints, requiring stricter regulations and improved governance to restore customer trust.
vietnam among asean economies predicted to grow fast

Vietnam among ASEAN economies predicted to grow fast

Vietnam is among the six ASEAN economies forecast to grow by 4.2 per cent in 2023, outpacing the global gross domestic product (GDP) growth of 2 per cent, according to Maybank Group president and chief executive officer (CEO) Datuk Khairussaleh Ramli.
lenders reinforce security measures

Lenders reinforce security measures

By harnessing the power of chip-embedded ID cards, AI, and reliable population data, banks in Vietnam are reinforcing security measures and revolutionising banking services for their customers.
averting the consequences of slowing flows in capital

Averting the consequences of slowing flows in capital

Low credit demand might be an early indicator that bad debt will increase. Nguyen Thi Phuong, deputy general director of Agribank, talked to VIR’s Nhue Man about the issue in the domestic market.
utilising efficient media to usher in banking stability

Utilising efficient media to usher in banking stability

The finance and banking sector cannot develop strongly without the media. Nguyen Tu Anh, director general of the Department of General Economic Issues under the Central Economic Commission, spoke to VIR’s Nhue Man about the role of the media in macro stability, particularly in finance and banking.
greener credit headlining bac a banks modernisation

Greener credit headlining BAC A BANK’s modernisation

For nearly 30 years, BAC A BANK has been underlining the importance of nurturing sustainable development via its green credit activities and taking good care of its staff.
prudential vietnam and vib enter bancassurance partnership

Prudential Vietnam and VIB enter bancassurance partnership

The extension of the strategic bancassurance partnership between the two businesses underscores the objective of both sides to bolster future confidence for Vietnam’s bancassurance sector.
asifma highlights vietnam stock markets emerging status

ASIFMA highlights Vietnam stock market's emerging status

The Asia Securities Industry and Financial Markets Association (ASIFMA) has lauded Vietnam's stock market as it approaches the status of an emerging market. However, amid the promising growth, there remains a crucial bottleneck that foreign depository banks are eager to see resolved.
fintwin expands network at k global event

Fintwin expands network at K-Global event

South Korean technology firm Fintwin Corporation took part in the 'K-Global@Vietnam 2023' event on June 8 n Ho Chi Minh City. This was the first time the K-Global event was held in Vietnam, after previously being held in China and the US.