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Banks set to stimulate credit growth in last quarter
16-09-2024 12:22
Banks are developing favourable credit schemes for the manufacturing and business sectors, while relaxing lending standards across all customer groups and the majority of loan sectors in the last quarter of the year.
Legal framework critical to boosting green credit
16-09-2024 11:32
The recent amendment of the plan on green banking development in Vietnam is expected to create conditions for credit institutions to effectively promote green credit.
Banks scaling up support in aftermath of Typhoon Yagi
15-09-2024 18:18
Banks across the country have proactively introduced flexible support schemes to assist individuals and businesses severely impacted by Typhoon Yagi.
VBSP working with local leaders in the aftermath of Typhoon Yagi
13-09-2024 18:41
In response to the severe damage caused by Typhoon Yagi, and following directives from Vietnam Bank for Social Policies' (VBSP) leadership and the Vietnam Fatherland Front’s call for support for those affected, VBSP’s Trade Union has donated VND500 million ($20.8 million).
Banks change investment portfolios for higher efficiency in H1
12-09-2024 16:52
Banking consultant Le Hoai An, founder of Integrated Financial Solutions JSC, spoke with VIR’s Hong Dung about what banks were doing with their investment portfolios to optimise business efficiency in the first half of 2024.
Maybank extends green trade finance for Ca Mau 1 Wind Power Project
12-09-2024 15:15
Maybank has extended financing to Sinohydro, a subsidiary of Power Construction Corporation of China (POWERCHINA), for an EPC project to construct offshore wind power farms of the Ca Mau 1 wind power project in the southern province of Ca Mau.
Lenders seek regulations to disburse green finance
12-09-2024 15:10
Many banks are increasing their focus on implementing green finance packages, but unlocking these promising capital sources still requires suitable mechanisms.
SBV orders debt relief and lending support following Typhoon Yagi
11-09-2024 14:35
The State Bank of Vietnam (SBV) has instructed credit institutions to consider offering interest rate reductions, debt restructuring, and new lending support for borrowers impacted by Typhoon Yagi.
BAOVIET Bank ends Visa credit card services, shifts to domestic cards
10-09-2024 18:10
BAOVIET Bank has announced that it will cease offering its international Visa credit cards from September 15.
SBV offers fresh catalyst for growth
10-09-2024 10:33
The State Bank of Vietnam’s efforts to lower interbank interest rates and increase credit limits for banks will provide additional momentum for growth, with economic recovery pace being crucial to sustaining credit demand.
Credit over-reliance creating imbalance and stagnation
10-09-2024 09:47
Vietnam’s capital markets are underperforming, with excessive reliance on bank credit and stagnant growth in corporate bonds and insurance, highlighting the urgent need for regulatory reforms and diversified funding channels.
VPBank, TechX, AWS, and Databricks collaborate to launch Next Generation of Data Analytics Platform
09-09-2024 15:24
VPBank has launched its 'Next Generation of Data Analytics Platform', a strategic initiative to build and optimise data analytics.
Standard Chartered Vietnam appoints first Vietnamese CEO
06-09-2024 15:33
Standard Chartered Bank Vietnam announced the appointment of Nguyen Thuy Hanh, CEO and head of Banking and Coverage, effective October 1.
Uneven credit growth registered in first eight months
06-09-2024 10:01
Credit growth rebounded in August after July's slowdown, but it remained uneven, with Hanoi's rate nearly triple that of Ho Chi Minh City.
Brand growth solutions in the banking sector
05-09-2024 14:00
In the current turbulent economic landscape, strengthening brand power is increasingly crucial for banks. A strong brand not only attracts customers willing to pay higher fees for financial products and services but also encourages them to recommend the bank to their network.
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