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What Vietnam could learn from Singapore
22-02-2023 10:00
A close partnership between Singapore and Vietnam will enable them to capitalise on the wealth of opportunities that digitalisation and sustainability offer. Michele Wee, CEO at Standard Chartered Bank Vietnam, talked to VIR’s Nhue Man about spurring prosperity for both nations and fostering greater interconnectivity within ASEAN.
Learning recent lessons to ensure fiscal prudence in 2023
22-02-2023 09:50
Fiscal and monetary policies worldwide witnessed changes last year, and the same has also been true of Vietnam. Nguyen Minh Cuong, principal country economist at the Asian Development Bank in Vietnam, spoke to VIR’s Hong Dung about how it can apply relevant initiatives this year.
BIDV-first Vietnamese bank to issue Sustainable Loan Framework
20-02-2023 09:51
The Bank for Investment and Development of Vietnam (BIDV) on February 16 officially issued a Sustainable Loan Framework in consultation with the Carbon Trust.
Top IT students experience a day at MB
20-02-2023 09:00
13 valedictorian freshmen and 60 students majoring in business analysis from the Hanoi University of Science and Technology (HUST) took part in a tour at MB to gain invaluable insight into what it takes to be an IT worker in modern banking
Cash burden alleviation now called for
16-02-2023 19:00
The domestic real estate market is starting to recover, but it would benefit from more governmental assistance, such as softer bank loans and credit.
FOL hikes and merger plans on the cards
16-02-2023 19:00
Mergers and acquisitions in Vietnam’s banking sector are anticipated to be more vibrant as more lenders look to increase the foreign ownership limit and enhance their footprint in weak banks’ restructuring process.
Interest rate pressures to remain for the foreseeable
16-02-2023 15:40
High interest rates are causing major issues for businesses, hindering cash flow for production and investment.
MB pioneers cutting 1 per cent from lending interest rates for corporate clients
16-02-2023 09:45
In this challenging economic climate, Vietnamese businesses are concerned over rising interest rates, which could hamper their cash flow and profits. In response, Military Commercial Joint Stock Bank (MB) is cutting 1 per cent from its lending rates for businesses reporting less than VND100 billion ($4.3 million) in sales.
Standard Chartered supports stronger Vietnam-Singapore economic relations
13-02-2023 16:51
Standard Chartered Bank was proud to be a supporting partner of the “Vietnam – Singapore Business Forum 2023”, organised by the Embassy of Vietnam in Singapore in collaboration with the Ministry of Planning and Investment of Vietnam, during Prime Minister Pham Minh Chinh’s visit to Singapore.
High interest rates compound business woes
13-02-2023 08:00
Businesses face mounting hardships due to the spike in interest rates, leading to shrinking results and significantly diminished production, as banks are called upon to show more sympathy to businesses.
Maybank Vietnam celebrates 25th anniversary
10-02-2023 09:41
Maybank Vietnam has celebrated 25th anniversary of operations in Vietnam in 2023, marking its belated Silver Jubilee (1995-2020).
Real estate developers propose solutions to avoid obstacles
10-02-2023 09:31
More than 20 leading real estate enterprises have participated and given their recommendations at the Real Estate Credit Conference held by the State Bank of Vietnam on February 8, focusing on current hot issues such as access to capital, interest rates, and legal obstacles.
Banks urged to reduce costs to cope with NIM drops
09-02-2023 15:26
To ensure net interest margin (NIM), banks are often choosing to raise output interest rates for borrowers but reduce the ability to fulfill debt obligations, while the central bank has also requested cuts in admin and expenses.
Rising bad debt threat looms large
09-02-2023 12:33
Despite a bright business outlook, non-performing loans are causing significant concerns to banks amid a challenging environment in both the domestic and global market, according to industry experts.
Banks bolster financial strength via M&As and capital hikes
09-02-2023 12:17
Since the start of the year, several banks have been busy with mergers and acquisitions (M&A) and capital hike ventures to bolster financial health and keep up with ever-increasing development needs.
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