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VPBank launches Enterprise Data and Analytics Division
09-06-2023 14:52
As part of its ongoing measures to strengthen the use of data analytics and AI in driving value, VPBank held a ceremony at its headquarters on June 5 to launch its new Enterprise Data and Analytics (EDA) Division.
World Bank forecasts Philippines' GDP to grow 6 per cent in 2023
09-06-2023 11:09
The World Bank's Philippines Economic Update (PEU) said on June 7 that it expects the Philippines' gross domestic product (GDP) to grow 6 per cent this year and 5.9 per cent in 2024 due to solid domestic demand.
CB on verge of mandatory transfer to Vietcombank
08-06-2023 14:41
Construction Bank (CB) is reaping rewards as it embarks on its ninth year of restructuring, poised to undergo a compulsory transition into becoming a subsidiary of Vietcombank.
High interest rates cast shadow over real estate
07-06-2023 18:08
Despite improved liquidity compared to the outset of 2023, bank lending rates remain a key factor in resolving the current slowdown in the real estate market.
Banks pin hopes on non-interest income sources
07-06-2023 16:21
Banks expect to rely more on non-interest income sources in the face of the credit expansion slowdown and challenging business environment to see any considerable profit growth this year.
Vietbank to revolutionise Ho Chi Minh City bus payments
07-06-2023 15:30
Vietbank, in partnership with Vidiva Technology JSC and Mastercard, unveiled its strategy to expand the EMV Open-Loop payment system for city buses in Ho Chi Minh City on June 5, signifying an intention to enhance the experience of the city's public transportation for passengers
Chief Justice calls for action to reduce number of banks in Vietnam
07-06-2023 13:57
Vietnam’s Chief Justice Le Minh Tri has highlighted the need for proactive measures to tackle non-performing loans and collateral assets, noting the importance of reducing the number of commercial banks in Vietnam to prevent unhealthy competition.
Interest rate cuts alone deemed insufficient
06-06-2023 15:00
Members of the business community and experts are weighing up the diverse aspects of interest rate reductions, focusing on measures to ensure future growth.
Enhanced customer experience with AI-powered tech
06-06-2023 08:00
With hyper-personalised digital banking apps, cashless transactions are becoming the new norm. We are seeing the emergence of digital financial advisors that are entirely capable of providing financial planning advice through automated algorithms. The rapid pace of digital transformation in the finance industry cannot be stopped.
Banks to promote online lending through national population database access
05-06-2023 17:22
Through a series of newly-issued regulations and access to the national population database, banks are planning to expand their online money-lending services.
KCN Vietnam's proud development journey
05-06-2023 08:00
As a relative newcomer, KCN Vietnam Group JSC has generated inspiring results. Dinh Thanh Phuong, business development director at KCN Vietnam Group, shares some critical milestones in the company's development trajectory with VIR's Thanh Nguyen.
FinanceAsia names Citi Best Sustainable Bank in Vietnam
03-06-2023 11:47
Citi has been recognised by FinanceAsia, the region's premier capital markets publication, for sustainability work in the country and commitment to partnering with clients.
Softer exchange rate loom in H2
02-06-2023 17:49
The USD/VND exchange rate is forecast to abate in the months to come, leveraging diverse supportive factors in both domestic and international markets, as well as central bank movement.
Citi: Asia is a time machine to the future
02-06-2023 17:47
Citi has explored how Asia acts as a time machine that can transport other regions into a new world of commerce, entertainment, and healthcare. The investment bank estimates Asia adopts new technologies 8–12 years ahead of the West, making the region a time machine to the future.
SBV Governor explains high lending rates, credit room management
01-06-2023 17:17
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.
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