sixteen banks cut over vnd212 trillion for pandemic hit customers

Sixteen banks cut over VND21.2 trillion for pandemic-hit customers

Sixteen commercial banks cut over VND21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 per cent, the State Bank of Vietnam (SBV) reported on Wednesday.
engaging extensively to support credit institutions

Engaging extensively to support credit institutions

Global inflationary pressure is attributed to the synergies of large-scale economic stimulus packages and an urgent concern that Vietnam must address given the country’s high level of economic openness. Standing Deputy Governor of the State Bank of Vietnam, Dao Minh Tu, spoke with VIR’s Hong Dung about the banking sector’s efforts to foster economic development and the measures that have been put in place to help the country prosper.
standard chartered awarded best bond advisor and best green bond in vietnam

Standard Chartered awarded Best Bond Advisor and Best Green Bond in Vietnam

UK-backed lender Standard Chartered Bank Vietnam has been awarded the Best Bond Advisor (Global) and Best Green Bond in Vietnam at the Asset Triple A Sustainable Capital Markets Country and Regional Awards 2021.
vietnams eximbank and japans smbc officially break up after 14 years

Vietnam's Eximbank and Japan's SMBC officially break up after 14 years

Eximbank and SMBC's 14-year strategic collaboration arrangement has finally come to an end.
eximbank ends partnership with japans smbc

Eximbank ends partnership with Japan's SMBC

The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) will terminate its partnership with Japanese Sumitomo Mitsui Banking Corporation (SMBC) as from February 7, according to a resolution of the bank's board of directors.
vietnamese economy to recover fast in 2022 fitch ratings

Vietnamese economy to recover fast in 2022: Fitch Ratings

Vietnam’s recovery is set to gather momentum in 2022, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings.
institutions gearing up for green growth revolution

Institutions gearing up for green growth revolution

Asia’s demand for carbon offsets is increasing as more global supply chains, manufacturing, and banking sectors attempt to reduce their carbon impact – in which Vietnam may be the ideal location for a green investment wave.
hsbc investing in the future

HSBC Investing in the future

Life rarely moves in a straight line, but new successes are always just around the corner. Tim Evans, CEO of HSBC Vietnam, talked to VIR’s Dung Nguyen about his journey that led him to Vietnam, the country’s challenging 2021, and his optimism in Vietnam in the long term.
building on results for a stronger 2022

Building on results for a stronger 2022

Although some sectors performed better than others in Vietnam over the past two years, many businesses and individuals suffered greatly. VIR’s Thuy Dang talked with Dr. Nguyen Duc Huong, the major shareholder of CMH Vietnam JSC (ticker: CMS) and former chairman of LienVietPostBank, about the important strategies for businesses in 2022.
shares finish higher in final session prior to tet holiday

Shares finish higher in final session prior to Tet holiday

Shares finished higher during the final trading session prior to the Tet holiday on January 28, propped up by the growth of banking and textile stocks
mb cements its position in vietnams top banking group in terms of business performance in 2021

MB cements its position in Vietnam’s top banking group in terms of business performance in 2021

Forward-thinking Military Commercial Joint Stock Bank (MB) closed its fiscal year 2021 with a rosy profit outlook and explored fresh sources of growth despite the pandemic woes pressuring the industry.
international trio invests in vietnams hdbank to help accelerate economic recovery

International trio invests in Vietnam’s HDBank to help accelerate economic recovery

As Vietnam accelerates economic recovery, IFC, LeapFrog Investments, and DEG – Deutsche Investitions- und Entwicklungsgesellschaft – have invested $165 million in convertible Tier 2 bonds issued by the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), a leading Vietnamese private retail and SME bank.
vietinbank and manulife vietnam activate exclusive cooperation agreement

VietinBank and Manulife Vietnam activate exclusive cooperation agreement

VietinBank and Manulife Vietnam have officially launched their joint operations under an exclusive cooperation agreement lasting 16 years.
banks reach for the stars with tie ups

Banks reach for the stars with tie-ups

The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower. Meanwhile, a revision of the regulatory regime is expected to bring the domestic banking sector into line with international standards.
central bank to keep watch on bancassurance activities

Central bank to keep watch on bancassurance activities

Bancassurance activities will have to strictly comply with the provisions of the Law on Insurance Business, according to the State Bank of Vietnam (SBV).