09-03-2022 10:07
The local tie-up scene among domestic lenders is paling in comparison with wealthy multinational institutions, as many partnerships have turned sour, particularly with weak bank involvement.
09-03-2022 08:00
Numerous countries and businesses are limiting their financial relations with Russia, with its exclusion from the SWIFT international payment system triggering concerns about cross-border financial security which may adversely leave a scar on Vietnam’s banking sector.
08-03-2022 16:16
According to the World Bank’s Report on Women, Business, and Law in 2022, Vietnam ranked 58 out of 190 countries in providing economic opportunities to women, surpassing both Singapore and the Philippines. This is a remarkable milestone to encourage more efforts to further enhance the status of women in the family, society, and economy.
08-03-2022 11:32
Vietnam Securities Depository modified the foreign ownership limit (FOL) ratio of privately-held lender SHB from 10 per cent to a maximum of 30 per cent, effective from March 4.
07-03-2022 10:11
Small and medium-sized enterprises (SMEs) owned by women in Vietnam face significant barriers to finance. Despite the similar business performance, women-owned SMEs are 10 percentage points less likely than those run by men to have a bank loan. When they do get loans, they are smaller amounts and have shorter tenors. On average, SMEs owned by men can expect loans with maturities that are 19 per cent longer.
05-03-2022 20:05
All real estate transactions must be implemented through banks, the General Department of Taxation has proposed to the Ministry of Finance.
04-03-2022 16:51
On March 7, Bac A Bank officially launched a new payment method with VietQR code on its mobile app in a bid to provide a more convenient payment solution for users.
01-03-2022 18:02
The four largest financial behemoths of South Korea are attempting to advance in Vietnam, highlighting the country’s robust development prospects.
28-02-2022 19:33
On February 25, within the official visit of President Nguyen Xuan Phuc to Singapore, HDBank has signed a cooperation agreement with Thought Machine – the core banking solution provider to first-tier banks in the world.
28-02-2022 14:29
The award was presented by the Ministry of Planning and Investment (MPI) to UOB on February 26 in recognition of the bank’s continued efforts in facilitating foreign direct investment (FDI) flows into Vietnam and supporting companies in the country. UOB is the first Singaporean bank to receive the award.
28-02-2022 14:28
State-owned banks lead the board when it comes to the number of branches and transaction offices in Vietnam.
26-02-2022 17:20
The World Bank has said digital and disruptive technologies, along with the development of a circular economy, can earn Thailand up to 3.4 billion USD each year in additional investments, savings and revenue.
24-02-2022 21:16
While Vietnam is going to develop a number of new transport projects, legal barriers and bank loan guarantees continue to toughen the path for private and foreign investors to venture into the field.
24-02-2022 11:02
European financial institutions are displaying their optimism about Vietnam’s sustainability path by fostering green financing alternatives, thus empowering the country to fulfil its net-zero carbon emission promise by 2050.
24-02-2022 10:40
With commitments under the EU-Vietnam Free Trade Agreement, local authorities are contemplating relaxing foreign ownership constraints that have previously hindered bank mergers as mandated by the accord.