central bank pushes for rule alignments

Central bank pushes for rule alignments

The State Bank of Vietnam last week sought amendments and supplements to rules relating to the purchase of shares in Vietnamese credit institutions by foreign investors.
world bank imf spring meetings to get underway in complex economic environment

World Bank, IMF spring meetings to get underway in complex economic environment

The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability.
vietnams banking system shows signs of money surplus

Vietnam’s banking system shows signs of money surplus

Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.
vpbank signs with aws to improve customer experience

VPBank signs with AWS to improve customer experience

VPBank on April 4 announced the signing of agreements with Amazon Web Services, selecting it as its preferred cloud provider to build digital banking experiences for its customers.
adb sets moderate 2023 growth outlook for vietnam

ADB sets moderate 2023 growth outlook for Vietnam

After a strong performance last year, the Vietnamese economy can expect moderate growth of 6.5 per cent this year, followed by a slight improvement to 6.8 per cent in 2024, according to a recent economic publication from the Asian Development Bank (ADB).
clearing a corporate innovation path

Clearing a corporate innovation path

If asked to describe what the global economy has gone through recently, the best two words may be instability and volatility. Lam Thuy Nga, head of Large Corporates and Wholesale Banking at HSBC Vietnam, looks at how this uncertainty affects the prospects of corporates as they try to move with the times in terms of innovation.
wider recognition a top reason for upping bank activity abroad

Wider recognition a top reason for upping bank activity abroad

Vietnamese banks are proactively expanding their presence in the foreign markets in order to serve more customers. Kent Wong, chairman of the Legal Committee at the European Chamber of Commerce in Vietnam, discussed with VIR’s Celine Luu the positives and negatives associated with the practice.
japanese financial behemoths extend se asia reach

Japanese financial behemoths extend SE Asia reach

Three Japanese megabanks are doubling down on their emphasis on Vietnam’s finance and banking sector to experience rapid economic growth and leverage their investment portfolios across wider Southeast Asia.
central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
no time to panic thanks to higher financial stability

No time to panic thanks to higher financial stability

In contrast with the collapse of Lehman Brothers on the eve of the 2008-2009 global financial crisis, the recent failures of Silicon Valley Bank (SVB) and Credit Suisse are not systemic and interconnected cases.
alternatives needed if bank crisis threatens to spread

Alternatives needed if bank crisis threatens to spread

As Western governments work overtime to quarantine the collapse of Credit Suisse, Silicon Valley Bank, and others, the impacts are likely to spread and project managers will need to look for innovative alternative funding sources.
malaysia singapore launch cross border qr code payment

Malaysia, Singapore launch cross-border QR code payment

The Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) recently launched a cross-border QR code payment linkage between the two countries.
global banking crisis is vietnam at risk

Global banking crisis: Is Vietnam at risk?

During the pandemic, commercial banks in developed economies like the United States and EU struggled to find companies that welcomed their money for investment. Even the historical low interest rates could not convince companies to invest in new projects or new technologies.
hdbank continues solid growth

HDBank continues solid growth

HDBank will continue its growth trajectory as its outstanding loans of real estate and corporate bond holdings are among the lowest in the banking industry in 2022.
asean affirms its role as epicentrum of growth

ASEAN affirms its role as epicentrum of growth

As part of the first ASEAN Finance Ministers and Central Bank Governors' Meeting (AFMGM) held from March 28-31 in Bali, the host country Indonesia organised AFMGMs with the ASEAN-US Business Council (ASEAN-US ABC), the EU-ASEAN Business Council (EU ABC), and the ASEAN Business Advisory Council (ASEAN ABAC) on March 29.