further interest rate cuts hoped to fuel money flows into real estate

Further interest rate cuts hoped to fuel money flows into real estate

The State Bank of Vietnam (SBV) is set to further reduce regulatory interest rates on May 25, the third cut in a row since mid-March, expected to give a boost to the stagnant real estate market.
vietinbank and mufg bank celebrate 10 years of strategic alliance

VietinBank and MUFG Bank celebrate 10 years of strategic alliance

VietinBank and MUFG Bank Ltd. have commemorated the 10-year strategic alliance that has enabled both organisations to support the growth of Vietnam’s banking sector and foster deeper Vietnam-Japan exchanges.
ocb secures 100 million loan from ifc to empower smes

OCB secures $100 million loan from IFC to empower SMEs

Vietnam's Orient Commercial Joint Stock Bank (OCB) has just secured a substantial loan of $100 million from the prestigious International Finance Corporation (IFC).
remittances to hcm city likely to hits 7 billion usd in 2023

Remittances to HCM City likely to hits 7 billion USD in 2023

Remittances to Ho Chi Minh City are expected to reach 7 billion USD in 2023, an annual increase of about 6-7 per cent.
hdbank contributes to development of ho chi minh city

HDBank contributes to development of Ho Chi Minh City

Ho Chi Minh City Development Commercial Joint-Stock Bank (HDBank) has been on a journey of more than 30 years, contributing to the creation and development of Ho Chi Minh City.
fund management acquisitions unlock new edge

Fund management acquisitions unlock new edge

Vietnamese banks are increasingly expanding their investment in fund management and securities firms to diversify their services, unlock new revenue streams, and strengthen their competitive edge.
high value investment of prime importance to advance

High-value investment of prime importance to advance

Vietnam is leaning towards quality and more modern investing initiatives. Joon Suk Park, head of International Subsidiary Banking, Wholesale Banking at HSBC Vietnam, spoke to VIR’s Hong Dung about the key sectors for high-value funding in this country.
an experts view on interest rate movements

An expert's view on interest rate movements

Le Xuan Nghia, senior economist, shared his views on the possibility of interest rate movements in the months to come, and the potential impact on the banking system and the economy.
wb cambodias economy on solid recovery path

WB: Cambodia’s economy on solid recovery path

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent this year, according to a World Bank (WB) report.
vpbank meeting the needs of foreign customers

VPBank meeting the needs of foreign customers

VPBank, together with strategic partner SMBC of Japan, aims to provide foreign customers with more comprehensive corporate financial services while taking care of their staff’s financial demands, thus contributing to their efforts to retain talented people and create high growth value in the long term.
external headwinds continue to hurt vietnams economy world bank

External headwinds continue to hurt Vietnam's economy: World Bank

The recent report of the World Bank (WB) on Vietnam said that the economy was facing external headwinds as weakening external demand continues to weigh on exports, translating into weakening industrial production.
vigilance over bad debt essential

Vigilance over bad debt essential

As bad debts continue to pose a threat to the banking sector's performance, financial authorities are implementing a host of measures to keep tabs on credit quality and mitigate risk to optimise the efficiency of credit institution restructuring.
vpbank has received a 10 per cent deposit from smbc

VPBank has received a 10 per cent deposit from SMBC

At an investor-update meeting on May 18, Luu Thi Thao, deputy general director of VPBank, revealed that the bank has received a 10 per cent deposit from Japanese partner SMBC, as part of the $1.5 billion private placement agreement signed between the two banks.
deutsche bank ag ho chi minh city branch increases granted capital

Deutsche Bank AG Ho Chi Minh City branch increases granted capital

Deutsche Bank AG - Ho Chi Minh City branch's granted capital has been increased to $200.08 million and updated as per State Bank of Vietnam (SBV) Decision No.401/QD-HCM dated May 12, 2023.
shinhan bank vietnam takes centre stage with prestigious digital transformation award

Shinhan Bank Vietnam takes centre stage with prestigious digital transformation award

In a dazzling display of its commitment to digital innovation, Shinhan Bank Vietnam has been honoured with a prestigious certificate of merit at the 2023 Digital Transformation Event held in Hanoi by the State Bank of Vietnam. This recognition serves as a testament to the bank's remarkable achievements in spearheading the digital revolution within the banking sector.