moodys downgrades sacombank

Moody's downgrades Sacombank

Ho Chi Minh City-based Sacombank’s long-term deposit and issuer ratings have been downgraded to Caa1 from B3 by Moody’s Investors Service. Its ratings outlook remains negative.
thai vietnamese trade and investment ties to soar

Thai-Vietnamese trade and investment ties to soar

Trade and investment ties between Vietnam and Thailand are now further reinforced as both governments look set to achieve a bilateral trade volume of $20 billion by 2020.
private sector crucial in financing green growth

Private sector crucial in financing green growth

Channelling investments from the private sector into green projects – as the government’s budget is overstretched – is what it will take for Vietnam’s development to be greener and  more socially, economically, and environmentally sustainable.
anz vietnam sells its retail arm to shinhan vietnam

ANZ Vietnam sells its retail arm to Shinhan Vietnam

ANZ Vietnam will be offloading its retail banking arm to Shinhan Vietnam by the end of 2017, to focus primarily on its institutional banking in the country, ANZ Vietnam said in its latest press release.
banking to get an es rule mandate

Banking to get an E&S rule mandate

The central bank is gradually introducing a raft of regulations to enforce laws that require local lenders to incorporate environmental and social risk management into their lending criteria.
citi named best foreign investment bank in vietnam

Citi named Best Foreign Investment Bank in Vietnam

Citi has been named Best Foreign Investment Bank in Vietnam and Best Bank in Asia Pacific for 2016 by leading FinanceAsia Magazine, based on the performance of banks across institutional and retail banking for the past 12 months.
sumitomo mitsui expands leasing business with bidv

Sumitomo Mitsui expands leasing business with BIDV

Japan’s Sumitomo Mitsui Trust Bank and Vietnam’s BIDV will join hands to expand a joint venture leasing business in Vietnam, according to Sumitomo Mitsui Trust Holdings’ latest press release.
citi launches app based corporate login solution across 11 asia pacific markets

Citi launches app-based corporate login solution across 11 Asia-Pacific markets

Citi corporate clients are now offered an app-based MobilePass to access their accounts and transactions anywhere, anytime, eliminating the hassle of physically carrying a hardware token with them formerly.
banks embrace their digital destiny

Banks embrace their digital destiny

Going digital has become the tactical approach for many global and domestic banks, driven largely by customer needs, technological advancements, and ambition of regulators. Banking clients now have access to easier, faster, and better banking products and services, equipped with security features that reduce risk and enhance the overall banking experience. Trang Nguyen reports.

2017’s overseas remittances inflow could decelerate

Vietnam could very well sit back and relax, with total overseas remittance inflows estimated at around $13 billion for 2016, higher than the earlier projection of $11-12 billion – but the stream could slow in 2017.
modestly devalued vnd is expected for new year

Modestly devalued VND is expected for new year

The dong may be devalued by up to 4-5 per cent in 2017, but experts say that such a scenario would not necessarily help the country’s exports or be of significant concern to foreign investment.
aec banking has yet to cross border

AEC banking has yet to cross border

Boundaries for inter-regional trade in goods have been opened wide since the establishment of the ASEAN Economic Community, but the banking and finance sector has yet to experience this trend.
unlocking fx hedge may be next in reform agenda

Unlocking FX hedge may be next in reform agenda

Vietnam is committed to opening the doors to foreign investors and improving market access, and  unlocking its foreign exchange hedging market is what the country can consider to do first hand.
cimb set its first branch in hanoi

CIMB set its first branch in Hanoi

CIMB Group has made itself more visible in Vietnam through the official launch of its first branch in Hanoi today, which will be followed by another in Ho Chi Minh City next year. 
special economic zones help attracting investment into vietnam

Special economic zones help attracting investment into Vietnam

ANZ’s client survey has come up with a conclusion that special economic zones are proving successful in attracting investment and production into the Greater Mekong economies.