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SHB seeks international investors
17-04-2023 18:07
During last week's annual shareholders' meeting, SHB approved a plan to issue additional shares to strategic foreign investors. The bank has been working with potential overseas partners, including major financial institutions, and expects to have a deal in place soon.
Going digital the answer to withstand global fluctuations
17-04-2023 15:53
As a retail bank with a strong foothold in small- and medium-sized enterprises, ACB expects to continue its growth momentum. ACB chairman Tran Hung Huy and CEO Tu Tien Phat spoke with VIR’s Le Luu about the bank’s digital transformation and its strategic plan for 2023.
MB names Luu Trung Thai as new chairman
14-04-2023 16:09
Military Commercial Joint Stock Bank (MB) has just announced a resolution from the Board of Directors for the removal of Senior Lieutenant General Le Huu Duc from the position of chairman of the board.
Central bank pushes for rule alignments
12-04-2023 13:00
The State Bank of Vietnam last week sought amendments and supplements to rules relating to the purchase of shares in Vietnamese credit institutions by foreign investors.
World Bank, IMF spring meetings to get underway in complex economic environment
10-04-2023 14:15
The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability.
Vietnam’s banking system shows signs of money surplus
10-04-2023 11:28
Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.
VPBank signs with AWS to improve customer experience
10-04-2023 10:04
VPBank on April 4 announced the signing of agreements with Amazon Web Services, selecting it as its preferred cloud provider to build digital banking experiences for its customers.
ADB sets moderate 2023 growth outlook for Vietnam
06-04-2023 11:20
After a strong performance last year, the Vietnamese economy can expect moderate growth of 6.5 per cent this year, followed by a slight improvement to 6.8 per cent in 2024, according to a recent economic publication from the Asian Development Bank (ADB).
Clearing a corporate innovation path
06-04-2023 09:00
If asked to describe what the global economy has gone through recently, the best two words may be instability and volatility. Lam Thuy Nga, head of Large Corporates and Wholesale Banking at HSBC Vietnam, looks at how this uncertainty affects the prospects of corporates as they try to move with the times in terms of innovation.
Wider recognition a top reason for upping bank activity abroad
05-04-2023 08:00
Vietnamese banks are proactively expanding their presence in the foreign markets in order to serve more customers. Kent Wong, chairman of the Legal Committee at the European Chamber of Commerce in Vietnam, discussed with VIR’s Celine Luu the positives and negatives associated with the practice.
Japanese financial behemoths extend SE Asia reach
05-04-2023 08:00
Three Japanese megabanks are doubling down on their emphasis on Vietnam’s finance and banking sector to experience rapid economic growth and leverage their investment portfolios across wider Southeast Asia.
Central bank starts huge credit package for social housing projects
04-04-2023 14:58
Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
No time to panic thanks to higher financial stability
04-04-2023 11:57
In contrast with the collapse of Lehman Brothers on the eve of the 2008-2009 global financial crisis, the recent failures of Silicon Valley Bank (SVB) and Credit Suisse are not systemic and interconnected cases.
Alternatives needed if bank crisis threatens to spread
04-04-2023 08:00
As Western governments work overtime to quarantine the collapse of Credit Suisse, Silicon Valley Bank, and others, the impacts are likely to spread and project managers will need to look for innovative alternative funding sources.
Malaysia, Singapore launch cross-border QR code payment
03-04-2023 16:54
The Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) recently launched a cross-border QR code payment linkage between the two countries.
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