ifc offers 150 million financing package to seabank

IFC offers $150 million financing package to SeABank

The International Finance Corporation (IFC) is providing a financing package of $150 million to Southeast Asia Commercial Joint Stock Bank (SeABank) to catalyse a viable blue finance market, foster green bonds and support smaller businesses in Vietnam.
banks remain wary of low credit growth

Banks remain wary of low credit growth

Overall weak credit demand in the market, with consumption growth still sluggish, is causing banks that do not meet their credit growth targets to have quotas proactively transferred by the State Bank of Vietnam (SBV) to banks with better capabilities.
shb puts down welcome mat for foreign firms

SHB puts down welcome mat for foreign firms

A financial solution package for overseas-funded firms with outstanding promotions, simple applications, and quick procedures has been rolled out by a Vietnamese bank.
policy on rescheduling debt repayment period extended

Policy on rescheduling debt repayment period extended

The State Bank of Vietnam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.
loan interest rates move slower than deposit rates

Loan interest rates move slower than deposit rates

Amid concerns that the strong push for higher deposit rates by banks will lead to an increase in interest rates, Tran Ngoc Bau, CEO of WiGroup Data and Financial Technology JSC, spoke with VIR’s Nhue Man about expectations for the market.
major commercial banks to lead credit growth in second half of the year

Major commercial banks to lead credit growth in second half of the year

Major commercial banks are readying their resources to lead overall credit growth during the peak season of production, business, investment, and consumption.
norfund grants 30 million convertible loan to seabank

Norfund grants $30 million convertible loan to SeABank

The Norwegian Investment Fund for Developing Countries (Norfund) on June 19 committed $30 million to Hanoi-headquartered SeABank (HSX: SSB) through a convertible loan, which can be converted into SeABank common shares within four years.
low lending rates may boost credit growth

Low lending rates may boost credit growth

A slight increase in deposits recently has not affected lending rates, which banks are keeping low in hopes of facilitating the flow of credit.
gold bullion for sale online at two more banks

Gold bullion for sale online at two more banks

State-owned commercial banks BIDV and Agribank have started selling gold bullion online.
buyers no longer line up for gold purchases at banks

Buyers no longer line up for gold purchases at banks

Long queues of gold buyers were no longer seen in front of designated sites of four State-owned commercial banks on June 17 morning.
the most innovative strategies for e wallet survival

The most innovative strategies for e-wallet survival

Upon hearing that Grab is shutting down Moca, I felt compelled to share my thoughts as someone who has been involved in the e-wallet sector since the State Bank of Vietnam’s pilot programme in 2008.
businesses wary of rising deposit rates

Businesses wary of rising deposit rates

Although deposit interest rates are increasing, lending rates will remain at current levels as regulatory bodies and commercial banks strive to support businesses in accessing capital.
adb greenlights 80 million loan package for lpbank to finance woman owned businesses

ADB greenlights $80 million loan package for LPBank to finance woman-owned businesses

The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) on June 12 signed a financing package of up to $80 million to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Vietnam.
central bank targets ongoing price control of gold market

Central bank targets ongoing price control of gold market

Unprecedented measures are being taken to ensure effective management of the domestic gold market and narrow the gap with the global market.
larger lenders in good growth stead

Larger lenders in good growth stead

Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.