retail segment brightens bank profit picture

Retail segment brightens bank profit picture

Many banks have unveiled their third-quarter business results, showing a spike in their profits, leveraging well-conceived retail lending development strategy amid restricted credit line.
chairman of eurocham vietnam the sbvs efforts were commendable

Chairman of EuroCham Vietnam: The SBV's efforts were commendable

As exchange rate pressure grows when circumstances are unfavourable, the State Bank of Vietnam (SBV) has raised the operational interest rates by 100 basis points (1 per cent) before the November Fed meeting on October 24, according to a report recently provided by the SSI.
blockchain technology to revolutionise finance and banking sector

Blockchain technology to revolutionise finance and banking sector

Blockchain technology is expected to help Vietnam's finance and banking sector deliver a better customer experience and help traditional banking institutions compete with fintech startups.
previous financial crises thus far averted via stable moves

Previous financial crises thus far averted via stable moves

The increase of the central exchange rates and adjustment of the exchange rate band of the State Bank of Vietnam are suitable with the trends of other currencies at a lighter level.
non traditional approaches to monetary polices

Non-traditional approaches to monetary polices

Exchange rates and interest rates are being handled in a satisfactory manner, according to Dr. Truong Van Phuoc, a member of the Prime Minister’s Economic Advisory Group and former acting chairman of the National Financial Supervisory Commission. He talked to VIR’s Hong Dung about the State Bank of Vietnam’s recent moves on interest rates and exchange rates.
uncovering potential effects of usds trajectory on vietnamese currency

Uncovering potential effects of USD’s trajectory on Vietnamese currency

A stronger US dollar is prompting a flight to safety, and investors might be looking for a safe harbour in US-denominated equities. Brook Taylor, CEO of VinaCapital Asset Management, discussed with VIR’s Luu Huong how the State Bank of Vietnam’s latest initiatives on the exchange rate could impact foreign funds into Vietnam.
the state bank of vietnam adjusts operating interest rates

The State Bank of Vietnam adjusts operating interest rates

In an effort to continue implementing synchronous measures to control inflation, stabilise the macro-economy, and ensure the safety of the banking system, the State Bank of Vietnam (SBV) has just issued a number of decisions to adjust interest rates that take effect from October 25.
adb leads 135 million climate financing package for vinfast

ADB leads $135 million climate financing package for VinFast

The Asian Development Bank (ADB) mobilised a $135 million climate financing package for VinFast Trading and Production JSC (VinFast) for manufacturing Vietnam's first fully-electric public transport bus fleet and first national electric vehicle charging network.
standard chartered vietnam offers unique experience to clients

Standard Chartered Vietnam offers unique experience to clients

Standard Chartered Vietnam today presented the grand prize – a life-time trip to Anfield stadium, home of Liverpool Football Club in the United Kingdom, to the winners of the second season of its “Bank more, Score more” campaign.
improving liquidity and resilience for local banks

Improving liquidity and resilience for local banks

Liquidity in the banking system is under significant pressure amid rising interest rates, which is forcing banks to effectively mobilise capital.
banks post uplifting results despite underlying risks

Banks post uplifting results despite underlying risks

Despite bullish business results in the first nine months of the year, many commercial banks in Vietnam are facing a risk of rising bad debts.
which banks lead international risk management standards

Which banks lead international risk management standards?

Besides Basel II, many banks have also applied Basel III and IFRS 9. These international standards help banks improve risk management and competitiveness compared with their peers, which also contributes to the effective and sustainable development of the credit institution system.
scb appoints new chairman and board members

SCB appoints new chairman and board members

The new members of SCB's Board of Directors come from four state-owned banks, with SCB now under special supervision.
ways to fund vietnams cop26 commitments

Ways to fund Vietnam’s COP26 commitments

At the 2021 United Nations Climate Change Conference (COP26), Vietnam pledged to reach net-zero carbon emissions by 2050 and to phase out coal-fueled power generation by 2040.
state bank adjusts usdvnd exchange rate band to 5

State Bank adjusts USD/VND exchange rate band to 5%

The State Bank of Vietnam (SBV) has decided to widen the USD/VND spot exchange rate band from +/-3% to +/-5%, effective from October 17.