banking activities paying off through third quarter progress

Banking activities paying off through third-quarter progress

In contrast to previous years, it is possible that the official third-quarter profit for banks will climb faster than the fourth quarter, since credit will increase primarily in Q3 and decelerate afterwards.
vib pre tax profit up 46 per cent in first nine months

VIB pre-tax profit up 46 per cent in first nine months

VIB has announced its results for the first nine months, with outstanding business performance, a strong balance sheet, well-maintained risk management and liquidity ratios, and the highest rating in the banking industry as decided by the State Bank of Vietnam.
oil jumps but dollar bruised on us data

Oil jumps but dollar bruised on US data

Oil prices jumped Monday on expectations of an OPEC output cut, while weak US data sent stocks higher amid rising hopes central banks may be able to ease off interest rate hikes.
four banks have adjusted credit room

Four banks have adjusted credit room

The State Bank of Vietnam (SBV) has officially adjusted the credit room for four banks in a bid to support weak credit institutions according to the government's policy.
five asean countries to connect to payment system in 2023

Five ASEAN countries to connect to payment system in 2023

A cross-border payment system between the five ASEAN countries of Thailand, Singapore, Malaysia, the Philippines, and Indonesia will be fully connected next year, according to Bank Indonesia (BI) Governor Perry Warjiyo.
sbv shifts up interest rates to combat us fed adjustments

SBV shifts up interest rates to combat US Fed adjustments

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.
staying ahead with fiscal and monetary milestones

Staying ahead with fiscal and monetary milestones

As the State Bank of Vietnam has raised interest rates to control inflation, economist Le Xuan Nghia spoke with VIR’s Hong Dung about the impact of the hike on the credit market.
home credit becomes member of vietnam bank card association

Home Credit becomes member of Vietnam Bank Card Association

Home Credit Vietnam has joined the Vietnam Bank Card Association (VBCA) under the Vietnam Banks Association (VNBA), marking a milestone in the development of the digital consumer financier in Vietnam’s financial market.
banking industry steps up digital transformation

Banking industry steps up digital transformation

The pandemic has been prompting banks to adapt. As digital transformation has become inevitable, banks have stepped up their efforts to adopt more new technologies in the digitalisation race.
banking as a service picks up steam to aid growth strategies

Banking-as-a-Service picks up steam to aid growth strategies

As embedded finance is rising in the financial sector, Banking-as-a-Service platforms are now being widely looked at and adopted by Vietnamese banks.
hsbc mulls sale of canada unit

HSBC mulls sale of Canada unit

HSBC is mulling the sale of its Canadian business, the Asia-focused bank said Tuesday.
launching eximbank edigi digital bank on a modern platform

Launching Eximbank EDigi digital bank on a modern platform

Eximbank is introducing Eximbank EDigi, a digital bank that combines internet and mobile banking to offer users a seamless and consistent experience across a range of services.
the impressive 20 year development journey of vbsp

The impressive 20-year development journey of VBSP

Founded on October 4, 2002, the past 20 years has marked a successful development journey for the Vietnam Bank for Social Policies (VBSP) whose work has played a significant role in turning Vietnam into a bright spot in the global implementation of the millennium development goals on poverty reduction.
credit growth cap remains indispensable for macroeconomic stability

Credit growth cap remains indispensable for macroeconomic stability

Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run.
banking real estate not ideal options for short term investors

Banking, real estate not ideal options for short-term investors

By the end of this year, oil and gas, transportation, insurance, retail, and hydropower sectors will see positive signals, while the banking and real estate sectors are not ideal options for short-term investment, said experts from DNSE Securities Company.