malls struggling to keep enticing brands

Malls struggling to keep enticing brands

The bankruptcy filing from Malaysian retailer Parkson Retail at the end of April has demonstrated the fierce competition among retail centres in Vietnam
bank deposit interest rates keep falling

Bank deposit interest rates keep falling

Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
central bank issues policies to support businesses

Central bank issues policies to support businesses

The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.
kbank in ho chi minh city increases capital to over 285 million

KBank in Ho Chi Minh City increases capital to over $285 million

The KBank branch in Ho Chi Minh City has announced that it has received approval from the State Bank of Vietnam (SBV) to increase its capital by more than 2.5 times, from $80 million to $285 million.
bad bank debts cast shadow over profit outlook

Bad bank debts cast shadow over profit outlook

Several banks have posted low profit growth in the first quarter (Q1) of this year, with some even seeing negative growth, mostly due to a spike in non-performing loans (NPLs), leading to soaring provisioning costs.
hsbc faces shareholder vote on splitting bank

HSBC faces shareholder vote on splitting bank

Bank giant HSBC faces a vote by shareholders on Friday over a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business to seek better returns.
adb switzerland grant 5 mln usd to support vietnam improve fintech

ADB, Switzerland grant 5 mln USD to support Vietnam improve fintech

The Asian Development Bank (ADB) and Switzerland have signed a cofinancing agreement of up to 5 million USD to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam, particularly among small and medium-sized enterprises (SMEs).
mb and sbi shinsei bank sign mbcambodia equity deal

MB and SBI Shinsei Bank sign MBCambodia equity deal

MB Group and SBI Shinsei Bank officially inked a agreement on April 7 for the sharing of equity investment in MB Bank (Cambodia), a new commercial bank recently launched in Cambodia.
banks get moving with fresh deals

Banks get moving with fresh deals

The Vietnamese banking sector continues to be characterised by a dynamic merger and acquisition landscape, driven by domestic consolidation and foreign investment.
lenders to benefit in sbv debt reposition

Lenders to benefit in SBV debt reposition

The State Bank of Vietnam’s fresh set of policies are anticipated to ameliorate the financial strain faced by both creditors and debtors, as well as establish a robust legal framework for debt restructuring to be allocated over a two-year period.
confusion compounded by consumer finance apps

Confusion compounded by consumer finance apps

Consumer finance companies in Vietnam are facing significant challenges due to negative aggressive debt collection practices and unlicensed debt trading applications.
tech driven embedded finance disrupting vietnams financial landscape

Tech-driven embedded finance disrupting Vietnam’s financial landscape

As technology evolves and the Vietnamese economy matures, more innovative fintechs are embracing the benefits of next-generation technology and unique business models to reach underserved populations and provide them with the means to access banking and financial services quickly and conveniently. Pham Quang Minh, general manager at Mambu Vietnam, digs into such fresh business models, as well as the outlook for the country's digital technology.
bac a bank gets ball rolling for a successful year

BAC A BANK gets ball rolling for a successful year

BAC A BANK last week successfully held its AGM for 2023 in the central province of Nghe An, with a series of issues discussed and resolved.
developers and banks make recovery efforts

Developers and banks make recovery efforts

The real estate market has some signs of recovery with capital injected into the market, helping to create confidence and influence consumer behaviour.
prime minister asks for 435 million bailout to support forestry and aquatic sectors

Prime minister asks for $435 million bailout to support forestry and aquatic sectors

Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) with studying a bailout worth VND10 trillion (almost $435 million) to support the forestry and aquatic sectors.