digitisation aids banking security

Digitisation aids banking security

The rise of digitisation in the banking sector could help enhance customer experience and improve security and safety features in various functions. Ultimately, it could benefit the sector and society as a whole.
private equity finds its way into local banking

Private equity finds its way into local banking

The local banking sector is regaining its place in the sun this year, as more banks are due to get listed on the stock exchanges, while others are undertaking capital raising rounds where more shares are on offer to potential investors. Foreign investment funds, rather than foreign banks, are the ones with the most appetite for a slice of the local banks.
vib in talks with foreign investors for treasury shares sale

VIB in talks with foreign investors for treasury shares sale

Vietnam International Bank (VIB) is counting on surging foreign investment inflows in 2018 to offload its treasury shares to foreign investors as soon as in the third quarter, and is looking to bolster its charter capital through a private placement.
pwc investing in internal audit innovation to enhance business value

PwC: Investing in internal audit innovation to enhance business value

PwC’s annual report finds that three-fourths of internal audit functions that use advanced technology and talent contribute significant value to their organisations.
vpbank to set fol at 30 per cent after private placement

VPBank to set FOL at 30 per cent after private placement

VPBank (HSX: VPB) is looking to raise capital through a private placement in the upcoming months, then lift its foreign ownership limit (FOL) to 30 per cent and invite potential foreign investors to pay a premium price for its stakes, said the bank’s chairman at the annual general meeting (AGM) held on March 19.
vietcombank continues quest to divest ocb

Vietcombank continues quest to divest OCB

In an effort to reduce its cross-ownership at local banks, Vietcombank is on route to auction over 6.6 million shares of Orient Commercial Bank (OCB) on April 17, at the starting price of VND13,000 ($0.59) per share.
pwc named leader by idc marketscape

PwC named Leader by IDC MarketScape

PwC has been named a Leader in IDC MarketScape: Asia-Pacific Business Consulting Services 2018 Vendor Assessment, acknowledging the company’s operational efficiency and supporting organisational change.
visa vietnamese people expected to travel and spend more

VISA: Vietnamese people expected to travel and spend more

Vietnamese travellers take the most shorts trips in the world, and the trend is expected to be on the rise with more local travel outside of Asia and spend more on their trips, according to Visa Global Travel Intentions (GTI) Survey.
techcombank to receive 370 million investment from warburg pincus

Techcombank to receive $370-million investment from Warburg Pincus

Following the reopening of its the foreign ownership limit (FOL) to 8.54 per cent the week before, Techcombank (OTC: TCB) announced today that global private equity firm Warburg Pincus will invest over $370 million into the bank, subject to local regulatory approval.
63 per cent of local firms expect positive impact from cptpp

63 per cent of local firms expect positive impact from CPTPP

63 per cent of businesses in Vietnam believe the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed today will have a positive impact on their operations, according to HSBC’s comprehensive survey of global businesses.
moodys widening gap in asset quality and profitability performance

Moody's: Widening gap in asset quality and profitability performance

Moody’s rates show that the asset quality of 14 local banks improved moderately year-over-year, while profitability also improved, driven by robust macroeconomic conditions and growth in core incomes.
techcombank adjusts fol to 854 per cent to approach foreign investors

Techcombank adjusts FOL to 8.54 per cent to approach foreign investors

Techcombank on March 3 announced at its annual general meeting (AGM) that it has lifted its foreign ownership limit (FOL) to 8.54 per cent in a quest to offload its treasury shares bought back last year from HSBC to foreign investors potentially from the US or the EU.
central bank orders vigilance after eximbank vip loses big money

Central Bank orders vigilance after Eximbank VIP loses big money

The latest case of an Eximbank customer losing her massive savings has prompted the central bank to circulate a document requesting credit institutions to follow safety procedures on savings and deposit transactions.
asset magazine names citi asias best digital bank

Asset Magazine names Citi Asia’s Best Digital Bank

Citi has been recognised as Asia’s Best Digital Bank by the Asset Magazine for its outstanding digital progress which has contributed to a strong year of growth for its consumer franchise.
vietnam makes significant progress in sustainable finance reforms

Vietnam makes significant progress in sustainable finance reforms

Emerging markets have become a major force in driving development and fighting climate change as 34 countries, including Vietnam, have initiated banking reforms to expand sustainable lending, according to the first comprehensive Global Progress Report of Sustainable Banking Network (SBN), an IFC-supported organisation of banking regulators and associations.