scb and hong kong banks sign the cooperation agreement on syndicated credit financing

SCB and Hong Kong banks sign the cooperation agreement on syndicated credit financing

Saigon Joint Stock Commercial Bank (SCB) and three banks from Hong Kong committed to mutually provide credit and ensure a stable financing source for Union Square to foster its business operations.
banks going the fintech ma route

Banks going the fintech M&A route

Vietnamese fintech companies can expect a raft of foreign financial institutions seeking a relationship with them, as the latter have found this route a promising one to access the underbanked population of the country.
best in vietnamese ma honoured at ma forum

Best in Vietnamese M&A  honoured at M&A Forum

Vietnam M&A Forum 2018 last week announced the winners of the best deals and advisory firms for 2017-2018 and the decade between 2009 and 2018. The award winners are companies, banks, and advisory firms that have made significant contributions to landmark M&A results and excellence in engagement delivery.
moodys upgrades ratings of 14 vietnamese banks

Moody’s upgrades ratings of 14 Vietnamese banks

Moody’s Investors Service on Tuesday upgraded the ratings of 14 Vietnamese banks, driven by its upgrade of Vietnam’s sovereign rating to Ba3 from B1 late last week.
govt aims to encourage ma in banking sector

Gov’t aims to encourage MA in banking sector

The Government plans not to license any more wholly foreign-owned banks in Viet Nam, instead encouraging foreign banks to buy weak domestic banks, Deputy Prime Minister Vuong Dinh Hue said.
regulations on bank establishment to be eased

Regulations on bank establishment to be eased

Business conditions related to the establishment and operation of joint stock commercial banks and non-bank credit institutions in Viet Nam will be eased under a draft circular from the State Bank of Viet Nam (SBV).
eximbank receives operational excellence award from wells fargo

Eximbank receives Operational Excellence Award from Wells Fargo

On July 25 Wells Fargo, one of the top three US banks, honoured Eximbank with the Operational Excellence Award.
banks get back into ma deals after a two year lull

Banks get back into M&A deals after a two-year lull

Since early 2018, domestic banks have mulled over charter capital hike plans and sought shareholders’ approval for mergers and acquisitions in a bid to improve their competitiveness and expand their growth scale.
facebook in talks with banks to share customer details expand customer service

Facebook in talks with banks to share customer details, expand customer service

Facebook has asked major US banks to share customer data to allow it to develop new services on the social network's Messenger texting platform, a banking source told AFP on Monday (Aug 6).
central bank may sell 4 10b to stabilise forex market hsc

Central bank may sell $4-10b to stabilise forex market: HSC

The State Bank of Vietnam (SBV) could sell from US$4-10 billion to commercial banks this year to stabilise the foreign exchange market if necessary, HCM City Securities Corporation (HSC) forecast.
moodys vietnams banks show diverging capital profiles

Moody’s: Vietnam’s banks show diverging capital profiles

The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, but challenges are also apparent, Moody’s Investors Service says in a recent report.
european stocks dip as investors eye central banks

European stocks dip as investors eye central banks

Stocks drifted lower on Monday (Jul 30) as investors waited on key global interest rate decisions.
vietnam stock market to touch 980 points in august

Vietnam stock market to touch 980 points in August

Vietnamese shares are expected to go up in August as investors look forward to listed companies’ earnings prospects in the remaining five months of the year, especially banks and financial firms.
foreign banks gear up to expand networks in vietnam

Foreign banks gear up to expand networks in Vietnam

In the last two years, Vietnam saw many foreign finance institutions leaving Vietnam or scaling down their investment.
dollardong exchange rate cools down

Dollar/dong exchange rate cools down

After strengthening the US dollar against the dong over the past few days, commercial banks on Thursday weakened the value of the greenback.