acb targets 16 per cent credit growth in 2025

ACB targets 16 per cent credit growth in 2025

Asia Commercial Bank (ACB) successfully held its AGM 2025 on April 8, during which shareholders approved the bank’s business plan and other key matters for the year 2025 – a pivotal year in ACB’s 2025–2030 five-year development strategy.
non performing loans pose challenge to banking sector

Non-performing loans pose challenge to banking sector

Managing non-performing loans (NPLs) remains a major concern for banks in 2025.
banks launch promotions to hail year of the snake

Banks launch promotions to hail Year of the Snake

Banks in Vietnam are trying to attract customers with a variety of promotions at the start of the year.
banks conducting massive bond issuances

Banks conducting massive bond issuances

Besides attracting deposits to meet the heightened credit demand at the end of the year, banks are racing to issue bonds to replenish capital sources.
foxconn expanding 500 million macbook and ipad plant

Foxconn expanding $500 million MacBook and iPad plant

The Ministry of Natural Resources and Environment released a report on September 25 recommending the approval of a proposal for environmental permits at a factory in Bac Giang province.
acb reinforces position as premier custodian bank for global investors

ACB reinforces position as premier custodian bank for global investors

Asia Commercial joint-stock bank (ACB) was granted custodian member status by the Vietnam Securities Depository and Clearing Corporation (VSDC) in August.
banks still counting profit from securities trading

Banks still counting profit from securities trading

Despite market volatilities, many banks still count healthy profits from securities trading.
rosier prospects for bank tickers in h2

Rosier prospects for bank tickers in H2

The prospects of a credit rebound, easing bad debt threats, and better net interest margins should help banks to maintain profit growth this year.
mixed fortunes for profit in banks in 2024

Mixed fortunes for profit in banks in 2024

Bank profit in the first half of this year has been a mixed mag amid a still challenging business environment.
vietnams industrial property sector to benefit from stable growth of fdi

Vietnam's industrial property sector to benefit from stable growth of FDI

Vietnam's industrial property segment is continuing to benefit directly from a steady increase in foreign direct investment (FDI), according to a report by ACB Securities (ACBS).
vietcombank preparing to sell 65 per cent stake to mizuho and other shareholders

Vietcombank preparing to sell 6.5 per cent stake to Mizuho and other shareholders

Vietcombank is preparing for a private placement of 6.5 per cent of its charter capital to strategic shareholder Mizuho and a number of other shareholders, according to ACB Securities (ACBS).
acb has no plans to pursue ma

ACB has no plans to pursue M&A

In response to a shareholder inquiry regarding merger and acquisition (M&A) strategies, Tran Hung Huy, chairman of the Board at Asia Commercial Bank (ACB), disclosed that the bank has explored potential M&A opportunities but currently has no plans to pursue them.
garmin vietnam announces expansion of payment service

Garmin Vietnam announces expansion of payment service

Garmin Vietnam is expanding its contactless payment service, Garmin Pay, through a collaboration with five major banks, ACB, MB, Sacombank, Techcombank, and Vietcombank, the company announced on April 1.
seafood sector faces bleak prospects in 2024

Seafood sector faces bleak prospects in 2024

Seafood exporters have a gloomy outlook amidst multiple hardships both at home and abroad.
banks saw profit spike in q4

Banks saw profit spike in Q4

Several banks saw a significant improvement in the fourth quarter (Q4) last year, leveraging credit growth and improved efficiencies to tackle bad debts.
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