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Banks begin to hike deposit interest rates
10-01-2022 11:02
In October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company.
Cybersecurity crucial for ongoing digitisation of banking industry: researchers
10-01-2022 10:37
Cybersecurity is one of the central issues in the digital transformation of the banking system.
Banks are upbeat about profit prospects in 2022
07-01-2022 20:35
The State Bank of Vietnam's (SBV) fresh survey shows that most credit institutions are optimistic about the business situation in the forthcoming quarter.
HSBC Research forecasts the target price of Masan's stocks at $8.81
07-01-2022 20:35
HSBC Research’s first report about Masan Group's stocks identified a target price for its MSN ticker is at $8.81, up 24 per cent compared with the closing price of this stock on the Ho Chi Minh City Stock Exchange (HSX) on January 5.
Spurring vibrant economic growth
07-01-2022 16:32
Vietnam is approaching 2022 with great hope that its economy will strongly bounce back from negative impacts of the past two years. Jacques Morisset, World Bank lead economist and programme leader for Vietnam, talked with VIR’s Thanh Thu about the New Year’s prospects and expectations.
Vietnam’s economy to rebound in new year
07-01-2022 13:58
Vietnam saw GDP contract by 6.2 per cent in Q3 2021, which dragged the country’s GDP growth for the first nine months of the year to a historic low of 1.4 per cent.
Shinhan Bank Vietnam opens new locations in Bac Ninh and Dong Nai
07-01-2022 08:13
Shinhan Bank Vietnam has opened the Que Vo branch in Que Vo district, Bac Ninh province, and the Thong Nhat transaction office in Bien Hoa City, Dong Nai province in early 2022.
Timo secures $20-million funding led by Square Peg
06-01-2022 09:26
Timo, Vietnam’s very first digital banking platform, on January 5 announced that it had secured $20-million funding led by Square Peg, a leading global VC firm whose investments include unicorns such as Canva, FinAccel, and Airwallex.
Handshake between EI Industrial and VietinBank promotes comprehensive cooperation
05-01-2022 17:18
EI Industrial JSC and VietinBank signed a comprehensive strategic partnership to promote bilateral development at the head office of EI Industrial Company in Ho Chi Minh City on January 5.
Who were the top ten wealthiest individuals in Vietnam's banking sector in 2021?
05-01-2022 12:04
2021 has been a rollercoaster ride of emotions for the stock market, as equities plummeted in value while simultaneously increasing and breaking record highs. Some of the wealthiest people on the stock market became ever wealthier. Here are the top 10 richest individuals in Vietnam's banking sector in 2021.
Remittances to Vietnam roughly reached $12.6 billion in 2021
05-01-2022 11:46
The State Bank of Vietnam (SBV) roughly estimated that remittances inflow to Vietnam reached $12.5 billion in 2021.
VietinBank, Vietcombank, BIDV, and Agribank offer free transaction services
05-01-2022 11:44
State-owned banks are joining the zero-fee policy to woo more customers
VNDIRECT receives $100 million syndicated loan from foreign financial institutions
31-12-2021 08:17
VNDIRECT Securities Corporation has just announced an unsecured loan syndication with total deal size of $100 million with a group of foreign financial institutions. This is VNDIRECT’s second syndicated loan in the foreign capital market in 2021 to support its business growth.
Lenders get trendy to lap up increasing youth slice
31-12-2021 08:00
Banks are responding to the challenge of engaging young retail customers with a wide set of inventive new products, as the retail loan segment is widely viewed as the primary driver setting the tone for the whole financial system in Vietnam.
Banks enable smooth remittances
30-12-2021 11:00
Local banks are tapping into significant huge overseas cash as Vietnam continues to maintain its growth momentum among the world’s largest remittance beneficiaries.
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