big banks get a fintegration facelift

Big banks get a ‘fintegration’ facelift

When banks work with technology companies or startups, what often comes out are fintech products or services that can offer customers convenience and control over their financial lives. And for Vietnam, those financial technologies are doing something even more meaningful for the economy, as they are helping Vietnam transform from a cash-centric nation into a more digitalised, cashless one. Trang Nguyen reports.
vietnam opportunity fund injects 11 million in orient commercial bank

Vietnam Opportunity Fund injects $11 million in Orient Commercial Bank

Vietnam Opportunity Fund, the flagship fund of VinaCapital, has invested approximately $11 million in Ho Chi Minh City-based Orient Commercial Bank, for an interest of less than 5 per cent.
risks involved in interest cut

Risks involved in interest cut

The current interest rate levels have been deemed appropriate for the time being, according to experts, and any attempt to further cut rates could impose unnecessary risks to Vietnam’s overall macro-economic stability in the medium term.
korean ma wind blows into finance

Korean M&A wind blows into finance

Unions between Korean financial institutions and Vietnamese securities or asset management firms are on trend, with visible upsides for both parties. One side is bringing significant financial resources and expertise, while the other carries a market with great potential and growth opportunities to the match. Trang Nguyen and Nam Phuong report.
npl regulations are not enough

NPL regulations are not enough

Although Vietnam is struggling under the weight of its bad debts, before others can help, the country must further improve its legal framework and develop its distressed securities market to support the debt trading process.
credit growth rate might pose risks

Credit growth rate might pose risks

A high credit growth target of 21 per cent could be achieved this year, but with it come risks on credit quality and the potential for unevenly distributed loans, privileging large private firms instead of smaller ones. Trang Nguyen and Nam Phuong report.
korean firms prep for new tp decree

Korean firms prep for new TP decree

In the face of regulatory changes regarding transfer pricing in Vietnam, multinational corporations from South Korea are proactively preparing to ensure compliance with the new tax law.
veb and iib to finance long phu 1 power plant

VEB and IIB to finance Long Phu 1 power plant

Vnesheconombank, International Investment Bank, and PetroVietnam have entered into a tripartite memorandum determining the cooperation framework of financing the construction of Long Phu 1 power plant in Vietnam, according to International Investment Bank’s press release dated September 8. 
growing interest in transaction banking

Growing interest in transaction banking

Pivoting its focus onto wholesale banking, ANZ Vietnam has been investing its resources in transaction banking, putting the bank one step ahead of its competition in the field. Aseem Goyal, Head of Transaction Banking ANZ Vietnam and Greater Mekong Region, gives VIR’s Trang Nguyen more insights into the business.
anz pursues dominance in transactional banking

ANZ pursues dominance in transactional banking

Pivoting its focus onto wholesale banking, ANZ (Vietnam) has been investing its resources in transaction banking, putting the bank one step ahead of its competition in the field.
msci upgrade may still far away

MSCI upgrade may still far away

Vietnam and its investors may have been disappointed this year, when New York-based MSCI,  a leading provider of investment decision support tools worldwide, did not reclassify the country as an emerging market – a title that could help its stock market attract more capital inflows than its current frontier market designation brings.
big three grip lions share in lending

Big three grip lion’s share in lending

In terms of international finance, three seems to be a relatively small number. But the three super banks from Singapore are presently handling the lion’s share of business and investment activity in Vietnam coming from the Lion City.
foreign firms push consumer lending

Foreign firms push consumer lending

Consumer lending in Vietnam has prospered in recent years thanks, in large part, to the lending expertise of foreign firms, which has helped to propel the sector closer to its full potential.
roundtable talk to foster consumption and economic growth

Roundtable talk to foster consumption and economic growth

A roundtable discussion of the development of the Vietnamese consumer finance market, with opportunities to foster consumption and economic growth, will be co-hosted by Vietnam Investment Review and E.Life on Wednesday, July 12.
international lenders vital to rise up smes

International lenders vital to rise up SMEs

Alongside the state’s recent legislative support for the small and medium sized enterprises (SME) sector, the financial acumen of international lenders is proving invaluable in taking the next step. Trang Nguyen reports.