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Vietcombank begins selling gold bullion online
12-06-2024 17:26
Vietcombank began selling SJC-branded gold bullion online on June 12.
Economic recovery momentum continues into second quarter
12-06-2024 11:14
UOB (United Overseas Bank) expects GDP growth to pick up to 6 per cent in the second quarter of 2024, extending the 5.66 per cent gain seen in the first quarter, and has maintained its growth forecast for Vietnam at 6 per cent for 2024.
Song Hau 2 Thermal Power Plant secures $980 million funding
11-06-2024 23:02
Toyo Ink Group Bhd and its Vietnamese subsidiary, Song Hau 2 Power Company Limited, have obtained a loan worth $980 million from Eximbank Malaysia to implement the Song Hau 2 Thermal Power Plant Project.
Economic recovery and legal reforms to propel Vietnam's stock market
11-06-2024 22:59
Do Thanh Tung, deputy head of Research at Viet Dragon Securities (Rong Viet Securities), spoke with VIR's Luu Huong how positive economic recovery and strategic legal amendments are expected to support the stock market's stability and growth in the coming months.
New products could benefit in wealth asset environment
11-06-2024 10:20
Vietnam has earned a reputation for strong growth and tenacity in the face of numerous geopolitical and economic crises over the years, including a significant increase in managed wealth assets. Lina Nguyen, country business development manager of Exness Investment Bank, spoke with VIR’s Thy Nguyet about the potential of the wealth asset management market in Vietnam.
Banks in Singapore tighten management after 3-billion-USD money laundering case
11-06-2024 09:46
Banks in Singapore, including Citigroup and DBS Group Holdings, are ramping up scrutiny of their wealthy customers and potential clients to avoid exposure to illicit flows.
Vietnam among six ASEAN countries with good economic growth: Maybank
11-06-2024 08:20
The gross domestic product (GDP) growth of six ASEAN countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - will recover to 4.5 per cent and 4.7 per cent in 2024 and 2025, respectively, from 4 per cent in 2023, according to Maybank Research Pte Ltd forecast.
Top 10 reputable commercial banks for 2024 unveiled
11-06-2024 08:15
The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.
Regulations on bad debt trading, settlement revised
10-06-2024 15:59
The State Bank of Vietnam (SBV) has issued Circular 03/2024/TT-NHNN on bad debt trading and settlement of the Vietnam Asset Management Company (VAMC) to make the work more effective.
High-end customers pave the way for specialised financial product ecosystem
10-06-2024 09:46
With the growth of the middle class in the Vietnamese market, amidst a positively growing economy, the number of high-end customers for financial institutions, banks, and securities companies is steadily increasing. Dau Thi Kim Nhung, head of Retail Marketing at Vietcombank, covers priority customer activities with VIR’s Hazy Tran.
Cement groups lament persistent financial troubles
06-06-2024 16:11
The Vietnam Cement Association has called for foreign investment to be discouraged for new projects, as many cement producers are reporting losses and even face the risk of bankruptcy.
SBV predicts SJC-branded gold bullion price to keep declining
05-06-2024 15:07
The narrowing of the gap between domestic and global gold prices may further pull down the selling price of SJC-branded gold bullion of state-owned commercial banks and Saigon Jewelry Company (SJC) in the near future, Dao Xuan Tuan, Director General of the State Bank of Vietnam (SBV)'s Foreign Exchange Management Department, has said.
Vietnam remains an attractive investment for Taiwanese firms
05-06-2024 10:00
SSI Asset Management (SSIAM) and Union Securities Investment Trust Company (USITC), a subsidiary of Union Bank of Taiwan (UBOT), have agreed to establish a cooperative relationship that covers customer development, investment funds, and the sharing of investment opportunities, and more.
PVcomBank builds success on AWS cloud
04-06-2024 14:12
PVcomBank, one of the fastest growing banks in Vietnam, is building a platform on AWS to deploy advanced technologies to promote innovation, enhance customer satisfaction, and increase operational efficiency. Trinh Vinh Hien, deputy IT director at PVcomBank, and Eric Yeo, country manager at AWS Vietnam, spoke with VIR’s Bich Thuy about the partnership and moving forward.
Agribank ramps up efforts to spur business development
04-06-2024 08:30
State lender Agribank is exhibiting flexibility through a raft of preferential credit programmes, which are tailored to diverse customer groups and supporting business development.
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