central bank acts to tighten dong liquidity

Central bank acts to tighten dong liquidity

The State Bank of Vietnam (SBV) has net withdrawn VND57.6 trillion through open market operation (OMO) and foreign currency selling channels to maintain the liquidity of the banking system at a sufficient level and create indirect impacts on the interbank interest rates.
standard chartered named best esg bank in vietnam in 2022 by asiamoney

Standard Chartered named Best ESG Bank in Vietnam in 2022 by Asiamoney

Standard Chartered Bank Vietnam has been named the Best ESG Bank in Vietnam in 2022 by Asiamoney. The award recognises the bank’s outstanding efforts in driving the application of environmental, social, and governance (ESG) standards in Vietnam.
expectations positive for growth trajectory

Expectations positive for growth trajectory

The Vietnamese economy has been gradually bouncing back thanks to the government’s major efforts to curb the pandemic and remove obstructions to progress for enterprises.
the 10th anniversary vietinbank mufg strategic alliance

The 10th anniversary VietinBank - MUFG strategic alliance

The year 2023 will mark the 10th anniversary of the VietinBank - MUFG strategic alliance. This is a significant milestone on the collaboration journey of the two banks and triggers so many special memories.
trading volumes increase in spite of money market jitters

Trading volumes increase in spite of money market jitters

As financial fragility is pushed by uncomfortably high expansion and national banks’ arrangements push investigators to pile back into the market, forex trading volumes are rising again.
low input material price to support profit margins of plastic businesses

Low input material price to support profit margins of plastic businesses

Vietnam is currently heavily dependent on the import of PVC resins - input materials in the construction plastic production chain. In the second half of this year and 2023, Vietcombank Securities Co (VCBS) forecasts that a low PVC price will support profit margins of businesses.
banks moving to restructure bad debts

Banks moving to restructure bad debts

As a circular on debt rescheduling for clients affected by the pandemic has expired, banks will face several scenarios to deal with in terms of debt restructuring.
vir talk show to discuss digital talent and transformation in banking

VIR talk show to discuss digital talent and transformation in banking

On September 26, VIR will host a talk show with Jens Lottner, CEO of Techcombank, who will discuss with VIR's Linh Le the current state of the digital transformation in the banking industry and possible solutions for the shortage of digital talents.
keeping on top of crypto legislation

Keeping on top of crypto legislation

The growth of central bank involvement in the digital currency sector has significantly been increased in recent years, with many central banks considering launching a central bank digital currency.
vbsp toasts 9 month upbeat performance

VBSP toasts 9-month upbeat performance

On September 21, the Vietnam Bank for Social Policies (VBSP) convened its periodical third-quarter meeting where CEO Duong Quyet Thang noted the highlights of the bank’s operation in the first nine months as well as plans to accomplish development tasks in the rest of 2022.
state bank revises up interest rates by 1 percent from september 23

State Bank revises up interest rates by 1 percent from September 23

Governor of the State Bank of Vietnam Nguyen Thi Hong has issued decisions on revising up several interest rates by 1 percent, starting from September 23.
vietnam ranks 63rd out of 113 economies in new global index of digital entrepreneurship systems

Vietnam ranks 63rd out of 113 economies in new global index of digital entrepreneurship systems

Vietnam is ranked 63rd out of 113 global economies in a global ranking of digital environment and support systems for entrepreneurs, a new index developed by the Asian Development Bank (ADB).
citi named vietnams best corporate bank 2022 by asiamoney

Citi named Vietnam’s Best Corporate Bank 2022 by Asiamoney

Citi has won the Best Corporate Bank award in the 2022 Asiamoney Best Bank Awards for Vietnam.
investors and buyers play waiting game in credit switch

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.
loosened credit may not be enough for real estate capital

Loosened credit may not be enough for real estate capital

While the State Bank of Vietnam (SBV) has expanded credit limits for several banks, the stricter control of credit in areas like real estate may impact project liquidity in the sector.