banks put pedal to the metal in digital transformation

Banks put pedal to the metal in digital transformation

The banking industry has been recently abuzz with digital transformation as lenders embark on their journey to become more tech-enabled to keep pace with disruptive technologies. Notwithstanding, many are still unsure about what digital transformation entails, and whether customers would welcome innovations.
investing in innovation to aid growth potential

Investing in innovation to aid growth potential

Vietnamese commercial lender Techcombank has been positioning itself at the forefront of innovation in the country’s financial sector. While acknowledging that the bank has established a strong track record as a financial services innovator in Vietnam, new CEO Jens Lottner explains to VIR’s Tuan Khanh how there is still much to do for it to better understand customers.
vietnamese banks take cautious approach to foreign ownership limit

Vietnamese banks take cautious approach to foreign ownership limit

The current pandemic has not only put mounting pressure on the quality of Vietnamese banks’ assets and profitability but also hampered some lenders’ cross-border mergers, forcing them to take different approaches to their foreign ownership limit.
vingroup issues e commerce app for groceries

Vingroup issues e-commerce app for groceries

Vingroup issued the VinShop e-commerce app on Google Play Store and AppStore to help owners of groceries to place wholesale order with suppliers and producers.
banks bet on consumer credit growth

Banks bet on consumer credit growth

Credit institutions are being encouraged to implement consumer credit packages and preferential rates as an effective way to stimulate spending sprees and help the domestic economy tide over the storm.
techcombank appoints finance veteran as new ceo

Techcombank appoints finance veteran as new CEO

Hanoi-based commercial lender Techcombank has announced the appointment of Jens Lottner as its new CEO, effective from August 18 2020.
techcombank ironman 703 vietnam rescheduled for 2021

TECHCOMBANK IRONMAN 70.3 Vietnam rescheduled for 2021

The TECHCOMBANK IRONMAN 70.3 Vietnam 2020 has been rescheduled for May 2021 in the central city of Da Nang after being postponed twice due to the COVID-19 pandemic.
techcombank to issue 47mn shares to employees

Techcombank to issue 4.7mn shares to employees

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue 4.7 million shares to current employees under its employee stock ownership plan (ESOP), at a price of 10,000 VND (0.43 USD) per share.
techcombank raises 500 million in inaugural syndicated offshore loan facility

Techcombank raises $500 million in inaugural syndicated offshore loan facility

Vietnam Technological and Commercial Joint Stock Bank, one of the largest joint-stock banks in Vietnam and a leading bank in Asia, has just fully drawn down its inaugural $500 million syndicated loan facility from international lenders.  
banks sell mortgaged assets to resolve bad debts

Banks sell mortgaged assets to resolve bad debts

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.
reference exchange rate continues going up

Reference exchange rate continues going up

The State Bank of Vietnam set the daily reference exchange rate at 23,242 VND per USD on March 19, up 10 VND from the previous day.
shares extend gains banks in the focus

Shares extend gains, banks in the focus

Shares extended gains on the two national stock exchanges on Friday morning, driven by positive performance of banks.
two local billionaires lose out on first day of 2020

Two local billionaires lose out on first day of 2020

Two of the five richest people in Vietnam had a poor start to the new year as they saw their net asset worth decrease.
techcombank reports extraordinary first nine months of 2019

Techcombank reports extraordinary first nine months of 2019

Techcombank released its financial results for the first nine months of 2019, posting record pre-tax profit of VND8.9 trillion ($386.96 million), completing 75 per cent of the annual target and recording the 16th consecutive quarter of on-year revenue growth.
vietnamese banks ranked among 500 strongest in region

Vietnamese banks ranked among 500 strongest in region

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.