local lenders struggle to match major ma

Local lenders struggle to match major M&A

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.
banking constraints ahead with sanctions

Banking constraints ahead with sanctions

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.
womens empowerment key to gender equality

Women’s empowerment key to gender equality

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.
shb to increase its fol to 30 per cent

SHB to increase its FOL to 30 per cent

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.
methods for banking boards to empower womens businesses in vietnam

Methods for banking boards to empower women’s businesses in Vietnam

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.
tax authorities ask for estate transactions through banks

Tax authorities ask for estate transactions through banks

All real estate transactions must be implemented through banks, the General Department of Taxation has proposed to the Ministry of Finance.
bac a bank deploys swift money transfer feature

Bac A Bank deploys swift money transfer feature

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.
korean banks buckle up for expansion

Korean banks buckle up for expansion

The four largest financial behemoths of South Korea are attempting to advance in Vietnam, highlighting the country’s robust development prospects.
hdbank and thought machine to strengthen digitalisation in finance and banking

HDBank and Thought Machine to strengthen digitalisation in finance and banking

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.
mpi recognises uob for supporting companies to invest nearly 37 billion

MPI recognises UOB for supporting companies to invest nearly $3.7 billion

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.
these banks have the most extensive networks in vietnam

These banks have the most extensive networks in Vietnam

State-owned banks lead the board when it comes to the number of branches and transaction offices in Vietnam.
wb digital and circular economy can earn thailand 34 billion usd annually

WB: Digital and circular economy can earn Thailand 3.4 billion USD annually

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.
spiky path for private funding of future transport initiatives

Spiky path for private funding of future transport initiatives

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.
euro banks offering green solutions

Euro banks offering green solutions

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.
banks to leverage evfta adjustments

Banks to leverage EVFTA adjustments

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.