mbcambodia officially launches

MBCambodia officially launches

MB has officially transformed its Cambodia branch as MBCambodia, a commercial bank with its headquarters and two offices located in Phnom Penh.
citi completes sale of vietnam consumer banking business

Citi completes sale of Vietnam consumer banking business

Citi has announced it has completed the sale of Citi’s Vietnam retail banking and consumer credit card businesses to United Overseas Bank Limited (UOB), which includes the transfer of approximately 575 staff.
helping small businesses to support global supply chains

Helping small businesses to support global supply chains

The lack of credit for small- and medium-sized enterprises to participate in global trade is stifling growth and making supply chains more vulnerable.
national australia bank seeks opportunities in digital transformation

National Australia Bank seeks opportunities in digital transformation

National Australia Bank (NAB) is seeking opportunities related to digital transformation in Vietnam to tap into the growing local demand.
wise roadmap key for rate softening

Wise roadmap key for rate softening

Current conditions might be sufficient to soften the interest rate, yet a wise roadmap needs to be in place to avert potential threats for future development, banking leaders have discussed.
weak bank revival to necessitate patience

Weak bank revival to necessitate patience

Reorganising distressed credit institutions is to be a major focus in Vietnam in 2023, but it could take 8-10 years to transform troubled lenders into financially sound ones.
spain to pour funds into high speed rail in vietnam

Spain to pour funds into high-speed rail in Vietnam

Following the World Bank, Spanish and Japanese investors are also setting their sights on high-speed railways in Vietnam, including the north-south high-speed project.
extra credit room suggested for real estate sector

Extra credit room suggested for real estate sector

Real estate developers have suggested that the State Bank of Vietnam increases credit room soon to inject capital into the economy and create conditions for property businesses to restructure and develop this year.
cross border funds required to advance banking expansion

Cross-border funds required to advance banking expansion

A slew of Vietnamese banks and securities firms are searching for international financing sources in an effort to expand operations.
real estate bailout perilous for system

Real estate bailout “perilous” for system

As more than $52 billion is due to banks and bondholders from real estate corporations, not to mention the requirement for additional loans, experts say a purge in the real estate market is unavoidable.
vietnamese banks perform well with brand value growth of 313 per cent

Vietnamese banks perform well with brand value growth of 31.3 per cent

Vietnamese banking brands have posted an overall growth of 31.3 per cent in brand value, amounting over $2 billion compared to their 2022 positions. This is according to Brand Finance’s Banking 500 2023 report, which ranks the world’s top 500 most valuable and strongest brands in the banking industry.
vbsp offering support to those in need

VBSP offering support to those in need

An online conference held by the Vietnam Bank for Social Policies (VBSP) earlier this month reviewed last year's disbursement of policy credit following a governmental decree from January 2022 to provide extra support to people and businesses in need.
what vietnam could learn from singapore

What Vietnam could learn from Singapore

A close partnership between Singapore and Vietnam will enable them to capitalise on the wealth of opportunities that digitalisation and sustainability offer. Michele Wee, CEO at Standard Chartered Bank Vietnam, talked to VIR’s Nhue Man about spurring prosperity for both nations and fostering greater interconnectivity within ASEAN.
learning recent lessons to ensure fiscal prudence in 2023

Learning recent lessons to ensure fiscal prudence in 2023

Fiscal and monetary policies worldwide witnessed changes last year, and the same has also been true of Vietnam. Nguyen Minh Cuong, principal country economist at the Asian Development Bank in Vietnam, spoke to VIR’s Hong Dung about how it can apply relevant initiatives this year.
bidv first vietnamese bank to issue sustainable loan framework

BIDV-first Vietnamese bank to issue Sustainable Loan Framework

The Bank for Investment and Development of Vietnam (BIDV) on February 16 officially issued a Sustainable Loan Framework in consultation with the Carbon Trust.