chinas huge stimulus package to affect vietnams key industries

China’s huge stimulus package to affect Vietnam's key industries

The People's Bank of China unveiled a significant package of support in late September, the largest since the Covid-19 pandemic, which includes cuts to key interest rates, reductions in mortgage rates, and decreased payment requirements for second-home purchases.
several banks suspend interest payments for typhoon affected borrowers

Several banks suspend interest payments for typhoon-affected borrowers

Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.
debt recovery methods to be cleaned up

Debt recovery methods to be cleaned up

Commercial banks in Vietnam are grappling with rising loans and regulatory gaps, especially concerning debt recovery and managing real estate collateral, and highlighting the urgent need for clearer guidance on land use and leasing.
capacity expands to lower deposit and lending rates

Capacity expands to lower deposit and lending rates

The recent decline in exchange rates will provide the State Bank of Vietnam with more room to adjust interest rates in a way that benefits credit growth and stimulates economic expansion.
unlocking capital flows in the final quarter

Unlocking capital flows in the final quarter

Bank representatives have emphasised the urgent need to unlock capital flows in the corporate bond market during the final quarter of the year.
cake scoops technology bank of the year at better choice awards

Cake scoops ‘Technology Bank of the Year’ at Better Choice Awards

Cake by VPBank was named Technology Bank of the Year at the Better Choice Awards 2024 on October 2 in Hanoi.
bac a bank offers new bonds worth 625 million

BAC A BANK offers new bonds worth $62.5 million

BAC A BANK will offer 15 million new bonds to the public from October 7 in its second public offering with a total value of VND1.5 trillion ($62.5 million).
unlocking digitalisation potential in banking sector

Unlocking digitalisation potential in banking sector

While 5G commercialisation is expected to open more opportunities for the banking sector, various issues remain. Nguyen Quoc Hung, vice chairman of the Vietnam Banks Association, spoke with VIR’s Minh Anh about the current driving forces.
adb approves 2 million to support yagi response

ADB approves $2 million to support Yagi response

The Asian Development Bank (ADB) approved a $2 million grant on September 27 to assist the government of Vietnam in providing emergency and humanitarian services to residents affected by the super Typhoon Yagi in the northern region of the country.
fed rate cut expands vietnamese monetary policy flexibility

Fed rate cut expands Vietnamese monetary policy flexibility

The decision to cut interest rates by 50 basis-point in last week's Fed meeting is expected to have several positive impacts on the Vietnamese economy, specifically by alleviating exchange rate pressures and allowing the State Bank of Vietnam to implement a more accommodative monetary policy.
vietnamese banks aim to become among top 100 in asia

Vietnamese banks aim to become among top 100 in Asia

Credit capacity, low interest rates, and comprehensive digital transformation are key areas that Vietnam's commercial banking system must focus on to break into Asia's top 100 banks.
vietnams economc outlook remains positive amid uncertainties

Vietnam's economc outlook remains positive amid uncertainties

The Asian Development Bank (ADB) projects a positive economic outlook for Vietnam, forecasting its GDP growth at 6 per cent in 2024 and 6.2 per cent in 2025.
hdbank and proparco credit financing tops 100 million

HDBank and Proparco credit financing tops $100 million

HDBank has strengthened its existing collaboration with Proparco by securing a new credit facility of $50 million towards its sustainable development targets.
commercial bank of australia sells partial stake in vib

Commercial Bank of Australia sells partial stake in VIB

The Commonwealth Bank of Australia (CBA) has sold approximately 5 per cent of the shares on issue in VIB via the Ho Chi Minh Stock Exchange.
a journey filled with pride marks bac a bank birthday

A journey filled with pride marks BAC A BANK birthday

BAC A BANK has been going from strength to strength over the past three decades, with great achievements made but even brighter prospects still to come.