deposit interest rates continue to fall

Deposit interest rates continue to fall

More than 20 banks have cut interest rates for most terms since the end of February. Few banks have increased their rates, only applying the adjustment to a few deposit terms, such as at Sacombank, BacABank, and Saigonbank.
agritech startup techcoop raises 5 million

Agritech startup Techcoop raises $5 million

With financing from local VC firm Ascend Vietnam Ventures (AVV) and Singapore-based VC firm TNB Aura, agritech startup TechCoop Pte. Ltd. secured over $5 million in equity and debt from local banks on March 21. Ethos Ventures, South Korean impact investor MYSC, and Mandala Capital also participated in the fundraising.
bank credit registers slight fall in first two months

Bank credit registers slight fall in first two months

Banks saw low credit growth in the first months of the year, a situation they are looking to resolves as balance sheets remain high.
banks seek to bolster financial standing with capital hikes

Banks seek to bolster financial standing with capital hikes

Many banks have announced plans for their upcoming annual shareholders' meetings (AGMs), with diverse issues such as dividend payments, capital hikes, and profit targets topping the agendas.
can tho lures japanese investment with skilled workforce infrastructure advantages

Can Tho lures Japanese investment with skilled workforce, infrastructure advantages

Chairman of the People’s Committee of the Mekong Delta city of Can Tho Tran Viet Truong highlighted the potential benefits awaiting Japanese enterprises investing in the city during a working session on March 18 with a delegation of executives of Japanese banks led by Managing Executive Officer of Gunma Bank Uchibori Takeo.
syndicated lending proposed to reduce impacts of loan limit policy

Syndicated lending proposed to reduce impacts of loan limit policy

A new regulation on reducing the loan limit under the amended Law on Credit Institutions will adversely affect capital supply for enterprises so commercial banks should cooperate in providing syndicated loans for businesses, experts said.
global practices must be considered for gold market

Global practices must be considered for gold market

Vietnam’s potential for expansion is driven by demographic advantages and anticipated regulatory changes. Shaokai Fan, regional director for Asia-Pacific (excluding China), and head of Central Banks at the World Gold Council, talked to VIR’s Celine Luu about the bullish gold market trajectory.
banks predict increased profits in 2024

Banks predict increased profits in 2024

With the low-interest rate environment and resumed credit growth, banks are expecting a rosier profit picture this year compared to 2023.
vietnams healthy trading market potential highlighted

Vietnam’s healthy trading market potential highlighted

While trade finance has been developing steadily in Vietnam, banks are taking an active part in exploring new instruments, while advocating for enhanced transparency and streamlined processes within small businesses.
prospects still cloudy for bancassurance

Prospects still cloudy for bancassurance

Diverse sentiments persist over bancassurance business prospects at local commercial banks, partly driven by a novel policy move.
lending interest rates continue on downward trend

Lending interest rates continue on downward trend

Commercial banks have reduced lending rates in favour of business and production activities, but borrowing remains low.
sbv injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
basel iii and its implications for banks in vietnam

Basel III and its implications for banks in Vietnam

Partner of Consulting and Financial Services Vo Quoc Khanh and director of Consulting and Financial Services Nguyen Huy Cuong, from EY Consulting Vietnam, delve into the notable updates of Basel III compared to Basel II, and its impacts on bank operations.
australias anz suncorp overcome objection to major merger

Australia's ANZ, Suncorp overcome objection to major merger

Australia's ANZ and Suncorp banks jumped a big hurdle in their proposed US$3.2 billion merger Tuesday, as a tribunal overrode a consumer watchdog's concerns.
banking giants massively lay off staff

Banking giants massively lay off staff

Amid difficult business and many uncertainties, large banks all over the world save costs by laying off staff and using AI.