international insurers fortify local presence

International insurers fortify local presence

With the current global situation bringing various sectors to their knees, foreign insurers are turning the tide against the gloomy economy by ramping up their presence in Vietnam’s insurance market.
reference exchange rate up 8 vnd on april 21

Reference exchange rate up 8 VND on April 21

The State Bank of Vietnam set the daily reference exchange rate at 23,246 VND per USD on April 21, up 8 VND from the previous day.
fitch downgrades outlook on vietcombank vietinbank acb mb and anz

Fitch downgrades outlook on Vietcombank, VietinBank, ACB, MB, and ANZ

Credit ratings provider Fitch Ratings has downgraded its outlook on four local and one foreign bank in Vietnam – Vietcombank, VietinBank, MB, ACB, and ANZ.
fwd group gets green light for vietcombank cardif life insurance acquisition

FWD Group gets green light for Vietcombank-Cardif Life Insurance acquisition

FWD Group has just announced securing regulatory approval to proceed with the previously announced acquisition of Vietcombank-Cardif Life Insurance, a life insurance joint venture between leading state-owned Vietcombank and French partner BNP Paribas Cardif.
reference exchange rate up 7 vnd on april 3

Reference exchange rate up 7 VND on April 3

The State Bank of Vietnam set the daily reference exchange rate at 23,239 VND per USD on April 3, up 7 VND from the day before the national holiday commemorating the Hung Kings on April 2.
reference exchange rate revised down on april 1

Reference exchange rate revised down on April 1

The State Bank of Vietnam set the daily reference exchange rate at 23,232 VND per USD on April 1, down 3 VND from the previous day.
reference exchange rate down 10 vnd on march 25

Reference exchange rate down 10 VND on March 25

The State Bank of Vietnam set the daily reference exchange rate at 23,250 VND per USD on March 25, down 10 VND from the previous day.
banks support customers affected by covid 19

Banks support customers affected by COVID-19

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked commercial banks to promptly to support customers affected by COVID-19.
vietcombank looking to stage 260 million bond issuance

Vietcombank looking to stage $260 million bond issuance

Vietcombank will sell 60 million bonds, valued at a total VND6 trillion ($260.87 million), as its first issuance in 2020.
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.
lenders at odds with supporting strategies

Lenders at odds with supporting strategies

While Vietnamese lenders have stepped up their support for the virus-hit economy by reducing lending rates or offering relief measures, foreign banks are adopting a wait-and-see approach.
government backs capital hike plans for four state owned banks

Government backs capital hike plans for four State-owned banks

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.
reference exchange rate down 7 vnd on january 10

Reference exchange rate down 7 VND on January 10

The State Bank of Vietnam set the daily reference exchange rate at 23,166 VND/USD on January 10, down 7 VND from the previous day.
vietcombank officially opens representative office in new york city

Vietcombank officially opens representative office in New York City

On November 1, Vietcombank will officially open its representative office in New York City, located at Suite 14P, One Rockefeller Plaza in Midtown Manhattan. The representative office was licensed by the New York State Department of Financial Services on June 17 and received official approval from the Federal Reserve Board earlier on October 26, 2018.
europe firms may purchase 49pc in local banks

Europe firms may purchase 49pc in local banks

The Vietnamese Government may allow European financial firms to buy up to 49 per cent of only two local commercial banks, Nguyen Thi Thu Trang, Director of the WTO Integration Centre at the Vietnam Chamber of Commerce and Industry, said on Wednesday.