woori bank vietnam partners with samsung vina insurance to offer property insurance services

Woori Bank Vietnam partners with Samsung Vina Insurance to offer property insurance services

Woori Bank Vietnam and Samsung Vina Insurance have forged a strategic alliance to enhance property insurance operations, offering more options to new insurance services for corporate clients while strengthening Woori Bank's competitive position.
mb nurtures young talents and embraces digital innovation

MB nurtures young talents and embraces digital innovation

In Vietnam, while many organisations embrace the synergy of youthful talent and advanced technology, only a few have committed wholeheartedly to specialised initiatives for nurturing this vital workforce segment. One outstanding exemplar that has garnered widespread student interest is the Military Commercial Joint Stock Bank (MB).
a strengthened position for supply chain ecosystems

A strengthened position for supply chain ecosystems

Regional supply chain shifts are underway. Ramachandran a.s., Citi country officer for Vietnam, shared his views with Hoang Anh on how Vietnam can take ad-vantage of this for further economic development.
mb empowers import dependent enterprises with incentives and digital services

MB empowers import-dependent enterprises with incentives and digital services

Recognising the formidable hurdles faced by import-dependent enterprises during the initial five months of 2023, the Military Commercial Joint-Stock Bank (MB) remains steadfast in its commitment to extending a lifeline through the implementation of advantageous policies, aimed at alleviating the financial burden borne by its clientele.
savings interest rate cut to 475 per cent

Savings interest rate cut to 4.75 per cent

The State Bank of Vietnam (SBV) has reduced the ceiling interest rate for savings under six months to 4.75 per cent a year, the second reduction in less than a month.
samsung vietnam teams up with shinhan bank vietnam on digital payments

Samsung Vietnam teams up with Shinhan Bank Vietnam on digital payments

In a landmark move, Samsung Vietnam and Shinhan Bank Vietnam have joined hands, etching an MoU to revolutionise the digital payment arena in Vietnam on June 14.
vib sign new loan agreement with ifc bringing its total credit limit to 450 million

VIB sign new loan agreement with IFC, bringing its total credit limit to $450 million

International Commercial Joint-Stock Bank (VIB) and the International Finance Corporation (IFC) have signed a medium and long-term loan agreement to strengthen VIB’s financial resources for credit expansion activities including retail home loans, home renovation products, and affordable mortgages.
vietnams banking powerhouses secure spots on forbes global 2000 list

Vietnam's banking powerhouses secure spots on Forbes' global 2,000 list

Forbes last week unveiled its annual list of the 2,000 largest companies worldwide in 2023. In a significant feat, Vietnam's banking sector has made a resounding impact, with Vietcombank, BIDV, VietinBank, Techcombank, and MBBank emerging as prominent players in the global financial arena.
discover a miniature mediterranean in the heart of hoi an

Discover a miniature Mediterranean in the heart of Hoi An

Nestled on the banks of Hoai River at Bay Resort Hoi An, the Olive Tree Restaurant is a new culinary highlight for visitors to enjoy the best of the Mediterranean cuisine.
further fall projected for interest rates

Further fall projected for interest rates

Several banks have followed the State Bank of Vietnam’s (SBV) lead by lowering their base interest rates, aiming to encourage and facilitate increased credit demand within the market.
banking legacies and family ties shaping commercial banks in vietnam

Banking legacies and family ties shaping commercial banks in Vietnam

Explore the intriguing dynamics of Vietnam's private banks, such as Techcombank, TPBank, LPBank, OCB, SHB, ACB, and SeABank, where family members of top executives wield significant influence and play key roles in shaping the institutions' operations and strategies.
chubb life vietnam and hong leong bank bring more choice to customers

Chubb Life Vietnam and Hong Leong Bank bring more choice to customers

Chubb Life Vietnam, a subsidiary of Chubb Life Insurance Co., Ltd., and Hong Leong Bank formalised a strategic partnership agreement on June 12 aimed at delivering Chubb Life's Life Insurance solutions to more customers through an innovative distribution channel.
meiko corporation to invest 200 million in electronic manufacturing project in hoa binh province

Meiko Corporation to invest $200 million in electronic manufacturing project in Hoa Binh province

Japan’s Meiko Corporation has recently partnered with the leadership of Hoa Binh province to propose an investment plan for constructing an electronic circuit manufacturing facility at the Da River Left Bank Industrial Park in Hoa Binh city.
vested interests doing damage in banking

Vested interests doing damage in banking

Concerns are being raised by various stakeholders in Vietnam’s banking sector regarding the risks of cross-ownership, emphasising the need for regulatory reforms to enhance transparency, mitigate the dominance of major shareholders, and propose measures such as reducing ownership ratios and expanding information disclosure.
policy interest rate expected to further reduce in h2 2023

Policy interest rate expected to further reduce in H2 2023

The analysts also expect the average 12-month deposit interest rate will drop to 7 per cent per year in 2023.