14-01-2022 16:13
The Asian Development Bank (ADB) signed a US$25 million loan with Tien Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and led small and medium-sized enterprises (WSMEs) in Vietnam.
14-01-2022 14:19
On January 11, Forbes named the 50 Over 50 Asia 2022 – honouring 50 Asian influential women above the age of 50. Labour heroine Thai Huong, founder of TH Group and general director of BAC A BANK, is among them.
14-01-2022 11:46
The transaction includes Citi's retail banking and credit card businesses but excludes the bank’s institutional businesses in four countries. Citi remains committed and focused on serving institutional clients in these countries locally, regionally, and globally.
14-01-2022 10:00
The expansion of digital and virtual assets, such as cryptocurrency and in-game assets, has been exacerbated by the participation of renowned funds, with significant deals already in place. The sector, however, is still a long way from being fully operational due to a massive legal gap.
13-01-2022 16:41
Shares reversed course to trade higher on Wednesday, strengthened by the strong increase of banking stocks that attracted a huge injection of cash flow.
13-01-2022 14:43
An increase in the conducive socio-demographic characteristics and accelerating digital adoption, correlated with a greater perception of insurance products, have all been taken into account by international and domestic insurers as reasons for their renewed interest in collaborations with Vietnamese banks.
13-01-2022 13:25
Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.
13-01-2022 13:25
Vietcombank reveals its desire to lift the bank's foreign ownership limit (FOL) to 35 per cent.
13-01-2022 12:48
The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.
13-01-2022 10:14
Raising its foreign-ownership limit (FOL) could mean that a private placement for potential foreign investors may be made, while at the same time, VPBank could offer more flexible conditions for present foreign owners, thanks to the new modification related to a larger FOL.
13-01-2022 09:00
Amid an urgent need for business expansion, privately-run commercial banks are executing their charter capital enhancement path, while some state-owned banks are requesting the government’s extraordinary mechanism using public budget.
12-01-2022 14:36
Standard Chartered Bank forecasts Vietnam’s recovery will accelerate markedly in 2022, with GDP growing by 6.7 per cent. The bank also raises its 2023 growth forecast for Vietnam to 7.0 per cent as it believes the country’s positive medium-term outlook remains intact.
12-01-2022 11:42
Hanoi-based lender Techcombank has just named Alexandre Macaire, the former HSBC Asia Pacific top executive, to be the new CFO, giving him oversight of the bank's finances, treasury, M&A, and Investor Relations departments.
12-01-2022 11:00
The Vietnamese government has taken part in discussions with various private sector groups and energy organisations as part of a step-by-step approach for the country’s latest Power Development Plan. VIR’s Nguyen Thu talked with John Rockhold, head of the VBF’s Power & Energy Working Group, about the role of foreign investment in the power and energy sector.
10-01-2022 11:59
The World Bank has approved $90 million in additional financing for Iran, to help fight against the Covid-19 pandemic, a spokesperson said Friday.