22-03-2024 17:04
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.
22-03-2024 15:36
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.
19-03-2024 10:35
Banks saw low credit growth in the first months of the year, a situation they are looking to resolves as balance sheets remain high.
19-03-2024 10:23
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.
18-03-2024 16:39
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.
13-03-2024 15:00
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.
12-03-2024 08:00
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.
11-03-2024 18:02
With the low-interest rate environment and resumed credit growth, banks are expecting a rosier profit picture this year compared to 2023.
05-03-2024 11:22
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.
28-02-2024 11:00
Diverse sentiments persist over bancassurance business prospects at local commercial banks, partly driven by a novel policy move.
26-02-2024 12:17
Commercial banks have reduced lending rates in favour of business and production activities, but borrowing remains low.
22-02-2024 10:20
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.
21-02-2024 14:43
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.
20-02-2024 12:58
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.
06-02-2024 13:59
Amid difficult business and many uncertainties, large banks all over the world save costs by laying off staff and using AI.