impacts of delayed interest rate ease

Impacts of delayed interest rate ease

There is a potential delay in interest rate cuts until November due to strong economic indicators, while Asia’s bond markets, particularly in credit and environmental sectors, are poised for robust performance and growth this year.
lower lending rates stimulating demand for home loans

Lower lending rates stimulating demand for home loans

Banks competing over new lending rates under 6 per cent per year have stimulated a resurgence in demand for housing credit.
gold monopoly could pose long term currency risk

Gold monopoly could pose long-term currency risk

The government has implemented a policy granting banks an exclusive monopoly on gold sales to control prices and stabilise the domestic market, but the policy may harbour risks in foreign currency outflows.
ai becoming increasingly prevalent for e payments

AI becoming increasingly prevalent for e-payments

The rising risks of cashless payment fraud have led banks to accelerate implementation of AI-driven security measures and biometric authentication to enhance transaction safety and protect consumers.
hdbank approves dividend payment of 30 per cent in cash and stocks

HDBank approves dividend payment of 30 per cent in cash and stocks

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank—HSX: HDB) will pay a dividend of 30 per cent for 2023, including 10 per cent in cash and 20 per cent in shares, according to a resolution announced by its Board of Directors on July 2.
eurozone inflation eases slightly in june

Eurozone inflation eases slightly in June

The eurozone's annual rate of inflation cooled in June in line with analysts' expectations thanks to a slowdown in food and energy price rises, official data showed on Tuesday.
aiib invests 75 million in seabank bonds

AIIB invests $75 million in SeABank bonds

The Asian Infrastructure Investment Bank (AIIB) on July 1 announced its latest investment of $75 million in the green and blue bonds issued by Southeast Asia Commercial Joint Stock Bank (SeABank, HSX: SSB).
techcombank ushers in new era of ai powered banking

Techcombank ushers in new era of AI-powered banking

Hanoi-based Vietnam Technological and Commercial Joint Stock Bank (Techcombank) starts a new era of AI-powered banking at its first-ever Techcombank Keynote event as the bank accelerates its journey to become a leading bank in Vietnam with innovative digital and data-led solutions for customers.
dutch bank to pump 30 million in renewables in southeast asia

Dutch bank to pump $30 million in renewables in Southeast Asia

Dutch Entrepreneurial Development Bank (FMO) has proposed to place $30 million into greenfield renewable energy platform Sustainable Asia Renewable Assets (SARA).
standard chartered to aid development of ho chi minh city financial hub

Standard Chartered to aid development of Ho Chi Minh City financial hub

During a meeting with Deputy Prime Minister Le Minh Khai on June 27, group chairman of Standard Chartered Jose Vinals announced the bank’s commitment to supporting the development of an international financial centre in Ho Chi Minh City.
70 vietnamese firms among aseans top 500

70 Vietnamese firms among ASEAN's Top 500

70 Vietnamese businesses have been listed on the first-ever Southeast Asia Fortune 500 list, which operate in various sectors of the economy, most notably banking, energy, services, and production.
maybank investment bank opens new hanoi branch

Maybank Investment Bank opens new Hanoi branch

Maybank Investment Bank Vietnam celebrated a significant milestone on June 27 with the official opening of its Hanoi branch in a new location in the prestigious Coalimex building.
vietnams sustainable bonds reach 800 million in value

Vietnam's sustainable bonds reach $800 million in value

The total stock of sustainable bonds reached a size of $800 million at the end of the first quarter 2024, according to a new report by the Asian Development Bank (ADB) on June 26.
fiinratings assigns mcredit a stable a credit rating

FiinRatings assigns Mcredit a 'stable' A- credit rating

FiinRatings, a credit rating agency partnered with Standard & Poor's Global Ratings, has announced its inaugural credit rating for MB Shinsei Finance Co., Ltd., trading as Mcredit, as A with a ‘stable’ outlook.
public bank vietnam completes acquisition of rhb securities vietnam

Public Bank Vietnam completes acquisition of RHB Securities Vietnam

Public Bank Vietnam Limited, a wholly-owned subsidiary of Malaysia's Public Bank Berhad, has acquired an entire stake in RHB Securities Vietnam Company Limited.