big ma deals forecast in banking industry in 2022

Big M&A deals forecast in banking industry in 2022

Vietnam’s merger and acquisitions (M&A) market in 2022 is forecast to include big deals worth billions of dollars in the banking industry.
digital strategy for banks to lead the game in neobank era

Digital strategy for banks to lead the game in neobank era

The development of fintech companies and the emergence of neobanks have been creating a fierce race in the banking and finance industry. FPT IS and Temenos have recently discussed optimal approaches with the banking industry's leaders about how to lead the race.
banks seek further capital injections to boost strength

Banks seek further capital injections to boost strength

Many banks have been on a charter capital hike after holding their 2022 general annual shareholder meetings (AGM) and are intensively preparing capital injections to boost their strength.
increased inspections to improve corporate bond market

Increased inspections to improve corporate bond market

The Vietnamese authorities are keeping a grip on credit institutions’ corporate bonds in the face of growing scrutiny, which might add to pressure for issuers to alter their funding strategies. Investors’ confidence and rights, however, are to be strengthened.
world bank slashes china growth forecast over covid damage

World Bank slashes China growth forecast over Covid damage

The World Bank has sharply slashed its annual growth forecast for China, warning in a report Wednesday that Covid disruptions could further slow recovery in the world's second-largest economy.
orphan contracts cause issues in bancassurance

Orphan contracts cause issues in bancassurance

Many bank clients have bought insurance through their banks (bancassurance), but they have received no support from the institutions when problems arose.
struggling lenders on verge of takeover

Struggling lenders on verge of takeover

The merger and acquisition outlook of Vietnamese banks, particularly acquiring faltering credit institutions to reorganise them, is picking up pace.
gigantic potters wheels at bat trang pottery museum

Gigantic potter’s wheels at Bat Trang Pottery Museum

Inspired by potter’s wheels intersecting with each other, the Centre for Vietnamese Craft Village Quintessence was built in the heart of the ancient Bat Trang pottery village in Hanoi. Spanning 3,300 square metres, the centre is some 15 kilometres from the capital’s downtown area on the banks of the Bac Hung Hai River, which runs through the city and Bac Ninh, Hung Yen, and Hai Duong provinces.
banks anticipate real estate credit rally

Banks anticipate real estate credit rally

As the Vietnamese authorities continue to tighten controls on potentially hazardous industries, financial institutions are beginning to place more restrictions on real estate-backed loans.
offshore loan rules sharpened with draft

Offshore loan rules sharpened with draft

While the State Bank of Vietnam’s forthcoming tight restriction on offshore loans which are not guaranteed by the government underscores local authorities’ commitment to maintain safe external debt and minimise risks, it could also leave cash-squeezed businesses high and dry.
vib first to provide ar technology on mobile banking app

VIB first to provide AR technology on mobile banking app

Vietnam International Bank (VIB) has launched a new mobile banking application – MyVIB 2.0 – making it the first bank in the country to apply augmented reality (AR) technology in a mobile banking application.
weighing up risks of a bubble from bond squeeze

Weighing up risks of a bubble from bond squeeze

The Vietnamese government has implemented a range of measures to control and tighten credit in real estate bonds. Broadly speaking, there are three channels of debt capital that the real estate sector can call on to secure credit: senior bank lending, the broader capital markets, and private credit.
standard chartered bank gears efforts to broaden sustainability footprint

Standard Chartered Bank gears efforts to broaden sustainability footprint

Sustainability and green development has become vital across the board, including in the finance and banking sector. Harmander Mahal, head of Consumer, Private, and Business Banking for Vietnam and Asia Cluster Markets at Standard Chartered Bank highlights the bank’s activities to grow stronger and best serve customers and partners through the crafting of a sustainable product suite.
shares make gains on banking airline stocks

Shares make gains on banking, airline stocks

Shares had a good start on Monday, driven by the strong growth of blue chips in the banking and aviation stock groups.
banks told to rollout low interest businesses loans

Banks told to rollout low-interest businesses loans

Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.