30-01-2024 09:44
Several banks saw a significant improvement in the fourth quarter (Q4) last year, leveraging credit growth and improved efficiencies to tackle bad debts.
26-01-2024 15:48
The credit quality of BaoViet Bank has receded as the bank’s non-performing loans (NPL) climbed to almost $70 million by the end of 2023, showing a near 50 per cent jump compared to the start of the year.
18-01-2024 14:00
Many banks in Vietnam have received approval for substantial capital hikes, signalling a strategic effort to fortify the financial sector and enhance several essential ratios.
16-01-2024 09:36
With a recovering economy in 2023, Vietnam has earned upbeat growth projections from international organisations for this year.
12-01-2024 15:40
Major state lender Vietcombank has just released its 2023 figures, with results across a variety of areas exceeding expectation. The Hanoi-headquartered bank saw $59.5 billion in deposit volume, up over 12 per cent on-year, and outstanding balances amounting to $53.58 billion, showing a 10.6 per cent jump on-year.
10-01-2024 14:14
On January 10, Be Group, owner and operator of the multiservice consumer platform Be, announced a substantial investment from VPBank Securities JSC (VPBankS), a subsidiary of VPBank.
05-01-2024 16:48
Ho Chi Minh City-based lender Sacombank became the first bank to make its 2023 business results public last December, with an estimated pre-tax profit of $400.8 million, a 50 per cent jump on-year. Its total deposit volume surpassed $24.2 billion and its outstanding balance touched $20.5 billion.
03-01-2024 10:37
Vietnam’s financial sector is increasingly embracing sustainability practices, although challenges like the need for a comprehensive legal framework, skilled personnel, and enhanced data management remain areas for improvement.
28-12-2023 17:13
Banks are buying back corporate bonds massively amid slow credit growth and a positive deposit landscape.
27-12-2023 09:31
Several Vietnamese banks, amidst efforts to enhance market presence, are still far off from going public or transitioning their listings to major exchanges.
26-12-2023 11:53
Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.
25-12-2023 13:00
The State Bank of Vietnam (SBV) has requested credit institutions and branches of foreign banks to boost consumer lending as part of efforts to prevent loan sharks who have targeted vulnerable people.
21-12-2023 12:14
In the rapidly evolving, male-dominated technology industry, KBTG Vietnam – the local technology arm of KASIKORNBANK (KBank), one of Thailand's leading commercial banks – stands out not just for its technological innovations but also for fostering a culture of female empowerment and leadership.
21-12-2023 09:56
Mortgage rates peaked at as high as 16 per cent at some banks in early 2023 but subsequently dropped dramatically. They are now comparable to levels that prevailed before the government’s aggressive policy rate hikes last year sent borrowing rates soaring. Nevertheless, a full revival of sentiment and transaction activity is not likely until mid-2024.
19-12-2023 09:00
Prime Minister Pham Minh Chinh has proposed a collaboration with Japan's Mizuho Bank, one of the three mega banks in Japan, for the restructuring of Vietnam's underperforming banks.