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PM underlines banking system's role as arteries of economy

16-10-2022 20:37

Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.

Dampening bank profit picture in coming months

14-10-2022 21:14

Interest rates trending higher and vulnerabilities in the corporate bond and real estate markets are expected to dampen banks' profit prospects in the coming time.

Dragon Capital partners with Digi Invest Powered by MB

14-10-2022 18:45

Dragon Capital has recently teamed up with MB to roll out professional fund management services in a centralised app by MB Bank, which would optimise retail customers’ experience and investment efficiency.

MB received Corporate Excellence recognition at the Asia Pacific Enterprise Awards 2022

13-10-2022 10:30

MB Bank has been recognised at the Asia Pacific Enterprise Awards (APEA) 2022 in the category of Corporate Excellence. This is a testament to MB's recent commitment to sustainable development and the digital revolution.

Temporary interest rate package requiring second look

13-10-2022 10:00

The reach of the 2 per cent lending rate support policy has been lower than expected after banks applied common credit standards to businesses that wanted to benefit from the scheme – leading to both sides asking for more assistance in improving the situation.

SBV aiming to harmonise monetary market players

13-10-2022 08:00

The State Bank of Vietnam is attempting to stabilise lending rates while also mobilising credit institutions to continue reducing operating costs and support both individuals and businesses.

Exporters seeking to retain competitive edge

13-10-2022 08:00

Adverse fluctuations in the exchange rate and high USD interest rates could be detrimental to Vietnam’s exports next year, urging businesses to proactively respond to exchange rate issues in addition to the State Bank of Vietnam’s intervention.

Addressing future of embedded finance in Vietnam

12-10-2022 18:00

Non-banking institutions increasingly provide financial services, including payments, loans, insurance, and digital wallets, adopting a so-called embedded finance application. Bruno Sivanandan, compliance head at embedded finance platform Credify, spoke with VIR’s Le Luu about the opportunities and challenges of such apps in Vietnam.

Legalities related to insurance for motor vehicle rent

12-10-2022 14:58

With car rentals becoming more popular in Vietnam, the concept of suitable insurance is coming to the fore. Kent Wong, partner and head of Banking and Capital Markets at VCI Legal, discusses basic and optimal insurance packages that could be available to customers.

Currency sell-off bolsters VND status

12-10-2022 14:17

Selling foreign currency reserves in nominal terms will help calm the forex market in the face of volatile market swings driven by sentiment, say analysts.

Banking activities paying off through third-quarter progress

12-10-2022 09:00

In contrast to previous years, it is possible that the official third-quarter profit for banks will climb faster than the fourth quarter, since credit will increase primarily in Q3 and decelerate afterwards.

VIB pre-tax profit up 46 per cent in first nine months

12-10-2022 08:07

VIB has announced its results for the first nine months, with outstanding business performance, a strong balance sheet, well-maintained risk management and liquidity ratios, and the highest rating in the banking industry as decided by the State Bank of Vietnam.