genai can drive success in banking

GenAI can drive success in banking

Around two-thirds of CEOs in the Asia-Pacific region predict that generative AI will have a positive impact on banking performance.
mufg bank vietnam and zeroboard forge partnership in support of decarbonisation management

MUFG Bank Vietnam and Zeroboard forge partnership in support of decarbonisation management

On September 17, MUFG Bank Vietnam entered an MoU with Zeroboard Inc., a Japanese tech startup that helps companies calculate and visualise their greenhouse gas emissions across operations and supply chains.
vietnam bank for social policies scales up support in aftermath of typhoon yagi

Vietnam Bank for Social Policies scales up support in aftermath of Typhoon Yagi

Vietnam Bank for Social Policies (VBSP) has announced it will suspend interest payments for borrowers affected by Typhoon Yagi and the subsequent flooding until December 31.
key sectors contributing towards state budget surplus

Key sectors contributing towards state budget surplus

The state budget has experienced a surplus so far this year, driven by an increase in revenue from export and import activities, rather than crude oil.
pm urges banks to boost credit in wake of typhoon

PM urges banks to boost credit in wake of typhoon

A meeting between the government and 13 commercial joint-stock banks was chaired by Prime Minister Chinh to discuss Vietnam's socioeconomic development on September 21.
financial transparency to resolve lending bottlenecks

Financial transparency to resolve lending bottlenecks

Amendments to the Independent Auditing Law by the Ministry of Finance are poised to create more transparency in financial reports, helping to attract more foreign investors to Vietnamese businesses and alleviate the lending burden on banks.
a good strong start to feds rate cut cycle

'A good strong start' to Fed’s rate cut cycle

The bumper 50 basis points (bps) interest rate cut announced by the US Federal Reserve at its September meeting may increase the likelihood and pressures of the State Bank of Vietnam (SBV) considering similar policy easing.
central bank preparations underway for fed rate move

Central bank preparations underway for Fed rate move

Investors have increased their bets on a strong interest rate cut by the US Federal Reserve next week. Trinh Ha, a financial market analyst from Exness Investment Bank, explained more to VIR’s Phuong Thu about the rate cute scenario and its impact on the Vietnamese markets.
optimising data management in banking sector for greater success

Optimising data management in banking sector for greater success

Experts and leaders concur that banks adopting the latest trends and integrating them into their data management practices will boost their competitive edge and achieve sustainable growth amid a progressively complex digital landscape.
credit support for businesses on offer after typhoon yagi

Credit support for businesses on offer after Typhoon Yagi

The banking sector is sharing the burden with businesses by reducing interest rates on existing loans and providing unsecured credit for new ones to help those affected by Typhoon Yagi.
krungsri facilitates thai companies to foray into vietnam and other regional markets

Krungsri facilitates Thai companies to foray into Vietnam and other regional markets

Krungsri (Bank of Ayudhya PCL) plans to support around 100 companies as they venture into foreign markets, including Vietnam, over the next three years.
acb reinforces position as premier custodian bank for global investors

ACB reinforces position as premier custodian bank for global investors

Asia Commercial joint-stock bank (ACB) was granted custodian member status by the Vietnam Securities Depository and Clearing Corporation (VSDC) in August.
banking stocks remain attractive in final quarter

Banking stocks remain attractive in final quarter

Banking stocks are expected to lead the market in the last three months of 2024, supported by positive credit growth expectations and attractive valuations.
banks required to list suspect accounts for better supervision

Banks required to list suspect accounts for better supervision

Commercial banks must provide information on accounts that show possible signs of fraud, swindling, or law violations at the State Bank of Vietnam (SBV) 's request every month.
banks lend significant amounts to green projects

Banks lend significant amounts to green projects

Many banks have recently poured thousands of billions of Vietnamese dong into green projects.