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Nascent green financing scene soon set for lift-off
01-08-2022 15:18
As Vietnam is pursuing the energy transition by focusing on developing renewable energy, the country is facing challenges with how to mobilise sufficient financial resources to meet its ambitious targets.
Russian bank allows dong-denominated transfers
31-07-2022 13:49
VTB Bank, a Russian state-owned bank in charge of foreign trade operations, has allowed money to be transferred to Viet Nam in dong from July 27.
Thai electronic exports forecast to grow 4.1pc in 2022
31-07-2022 13:34
The Siam Commercial Bank (SCB) projects exports of Thai electronic products will rise by a modest 4.1pc this year from 4.22 billion USD earned in 2021.
HDBank's profit before tax exceeds $240 million
30-07-2022 11:46
HDBank's profit before tax for the first half of the year exceeded $240 million, fulfilling 54 per cent of its annual budget. Its separate non-performing loan (NPL) ratio was only 0.93 per cent.
Standard Chartered Bank forecasts Vietnam’s Q3 GDP growth at 10.8 per cent
27-07-2022 15:07
Standard Chartered Bank forecasts Vietnam’s GDP growth for Q3 and Q4 at 10.8 per cent and 3.9 per cent, respectively, taking full-year growth to 6.7 per cent. High global oil prices may have negative consequences on the economy.
Banks raise charter capital for new growth stage
25-07-2022 20:03
A slew of local and foreign banks are increasing charter capital to prepare for the new growth phase of the banking industry and the economy.
Bank of America to open branch in Ho Chi Minh City
23-07-2022 14:21
Bank of America – the second largest bank in the US – has submitted an application to open a branch in Ho Chi Minh City with a capital of around $50 million.
BAC A BANK launches Kiosk Banking in Hanoi
21-07-2022 21:24
From July 21, BAC A BANK officially operates its new service Kiosk Banking, which is also the lender’s first automatic transaction model in Hanoi.
VIB posts over $217 million profit
21-07-2022 10:21
Vietnam International Bank (VIB) recorded a profit before tax of over $217 million in the first half of 2022, up 27 per cent on-year.
Rallying cry for Vietnam’s steadfast net-zero strategy
21-07-2022 07:00
Vietnam may have to mobilise a colossal amount of funding to fulfil its international commitment to achieve net-zero emissions by 2050, with a hallmark new strategy on climate change response soon to be enacted.
Shinhan Life accelerates distribution channel development
20-07-2022 12:42
Shinhan Life Vietnam, which started operating in the Vietnamese market early this year, is scaling up its distribution network expansion by collaborating with partners and accelerating product development to quickly offer its best financial solutions to clients.
Petrolimex to divest 40 per cent stake from PG Bank this quarter
19-07-2022 18:52
Vietnam fuel distributor Petrolimex has officially received the State Bank of Vietnam’s approval to divest a 40 per cent stake in PG Bank.
Cementing Vietnam’s development in 2022 and beyond
19-07-2022 16:06
Vietnam’s economy grew at 6.42 per cent in the first half of the year, higher than the projection and one year ago. Michele Wee, CEO of Standard Chartered Bank Vietnam talked to VIR's Ha An about Vietnam’s growth scenario in 2022 and beyond.
Central bank sells greenback to stabilise forex market
19-07-2022 10:31
The State Bank of Vietnam (SBV) has so far this year sold about 12-13 billion USD to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).
Fed watchdog clears top officials of violations over stock trades
18-07-2022 13:00
The Federal Reserve watchdog has cleared two top officials of wrongdoing over stock trades that created an uproar, prompting several to leave their posts and led to rule changes at the central bank.
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