vigilant enhancements underway for cross ownership in banking sector

Vigilant enhancements underway for cross-ownership in banking sector

The Vietnamese government is intensifying oversight in the banking sector, targeting cross-ownership in credit operations and the complex issue of banks’ affiliated businesses.
banks grasp practicalities of open api

Banks grasp practicalities of open API

Some Vietnamese lenders are increasingly adopting open API technology to enhance the customer experience and streamline services, amidst rising concerns over cybersecurity in the open banking ecosystem.
vietnam readies for open banking revolution with new legal framework

Vietnam readies for Open Banking revolution with new legal framework

The State Bank of Vietnam (SBV) announces a major regulatory overhaul for Open Banking, with comprehensive legal guidelines and circulars expected to come into effect by July 2024.
standard chartered and bidv sign 100 million sustainable trade loan agreement

Standard Chartered and BIDV sign $100 million sustainable trade loan agreement

Standard Chartered has inked a Master of Agreement with the Bank for Investment and Development of Vietnam (BIDV), committing to a sustainable trade loan of up to $100 million.
encouraging green urban and construction finance

Encouraging green urban and construction finance

Green finance is crucial for Vietnam’s sustainable urban and construction development. To encourage it, banks are considering regulatory support to boost green financing.
vietnams green credit surge navigating towards sustainable finance

Vietnam's green credit surge: Navigating towards sustainable finance

At a VIR seminar on December 4, in collaboration with the Vietnam Bank for Agriculture and Rural Development (Agribank), key stakeholders congregated to discuss Lighting the Path for Green Financing. The forum signified a critical juncture in Vietnam's path towards sustainable development and emphasised green economic growth.
agribanks green finance initiative catalysing vietnams eco friendly economic ascent

Agribank's green finance initiative: Catalysing Vietnam's eco-friendly economic ascent

At the forefront of Vietnam's green finance revolution, Agribank has reported a substantial green credit portfolio of approximately $510 million as of October 31. This revelation came from Phung Thi Binh, deputy general director of Agribank, during the Lighting the Path for Green Financing seminar held by VIR on December 4.
positive signs in vietnams green credit sector

Positive signs in Vietnam's green credit sector

'Green credit' refers to the kinds of loans provided by banks for projects that are considered environmentally friendly or protective of the ecosystem. Green credit is now a trend in the global banking and finance industry, and more Vietnamese banks are following suit.
expectations great for green taxonomy in vietnam

Expectations great for green taxonomy in Vietnam

Without unified definitions of green sectors and green lists for application, banks are continuing to find it difficult to select, appraise, and supervise green credit provision.
interest rate cutbacks designed to assist borrowers

Interest rate cutbacks designed to assist borrowers

Several Vietnamese banks implemented substantial interest rate reductions in 2023 to stimulate loan uptake across various sectors, despite challenges in meeting credit growth targets.
lenders integrate a greener perspective

Lenders integrate a greener perspective

Some major Vietnamese banks are intensifying their focus on sustainable practices by dedicating significant funds to renewable energy projects and reducing interest rates for eco-friendly initiatives.
hanoi to host forum on corporate governance

Hanoi to host forum on corporate governance

The 2023 Corporate Governance Forum on November 22 will feature the participation of representatives from banks, publicly listed companies, and associations.
mb spearheads digital transformation dialogue at international conference in vietnam

MB spearheads digital transformation dialogue at international conference in Vietnam

At the international conference Digitalise to Revolutionise - Shaping tomorrow’s business landscape, organised by Military Commercial Joint-Stock Bank (MB) on November 8 in Hanoi, leading global experts shared valuable insights on the digital transformation with Vietnamese organisations and businesses.
vpbank ceo addresses challenges and strategies for vietnams real estate sector

VPBank CEO addresses challenges and strategies for Vietnam's real estate sector

At a conference on real estate and social housing development on November 13, VPBank CEO Nguyen Duc Vinh outlined the obstacles facing Vietnam's real estate market, attributing them to both external and internal factors.
growth within reach for forward thinking enterprises

Growth within reach for forward-thinking enterprises

From legacy banks to small enterprises, digital transformation is reshaping business at every level. David L. Rogers, a member of the faculty at Columbia Business School, and Paul J. Bailo, senior advisor for top US companies like Apple and Bank of America, told VIR’s Luu Huong how businesses are finding new ways to innovate and collaborate.