breakthrough ma deals expected in banking and finance

Breakthrough M&A deals expected in banking and finance

Many large deals are on the horizon in mergers and acquisitions (M&A) in banking and finance in 2022, with transaction values of billion of dollars.
compliance risk blocking banks from going digital

Compliance risk blocking banks from going digital

While digital transformation has become an inevitable trend for development in today’s modern world, compliance risk, however, might pose remarkable hurdles to banks wishing to go digital.
customers falling for fake bank clerk phishing scam

Customers falling for fake bank clerk phishing scam

Banks' customers are being targeted by new phishing attacks by criminals posing as bank officials and asking customers for their one-time password (OTP).
china dumping us bonds implications for vietnam

China dumping US bonds: implications for Vietnam

Many countries are rushing to sell US bonds as China might be threatening to dump US bonds. Experts are weighing how the situation would impact Vietnam’s development.
profit of agribank surges ahead on the threshold of equitisation

Profit of Agribank surges ahead on the threshold of equitisation

Agribank’s revenue in the first half of 2018 increased by 37 per cent, which is a positive signal for the bank before its IPO, but problems with capital pose a threat to success.
foreign capital finds its way to lucrative local fintech market

Foreign capital finds its way to lucrative local fintech market

Foreign players are eager to join Vietnam’s lucrative fintech market, while local banks have been scaling up co-operation with fintech firms to avail themselves of Industry 4.0 opportunities.
deaura scam hard case to punished

DeAura scam hard case to punished?

DeAura, in collaboration with FE Credit, enticed thousands of customers to sign loan agreements of nearly $2,000 each without any financial check.
banks not in haste to establish financial firms

Banks not in haste to establish financial firms

Unlike in previous years, founding financial firms or boosting consumer loans has not been among the hot topics at banks’ annual general shareholders’ meetings this year.
government okays vietcombank stake sale to foreign investors

Government okays Vietcombank stake sale to foreign investors

After the government green-lighted Vietcombank to sell the state-owned stake to foreign investors, the bank is expected to sell a total of 10 per cent, commensurate with over 350 million shares, in a separate issuance and/or through public auction to a limited number of foreign investors.
foreign investment streams accelerate bank restructuring

Foreign investment streams accelerate bank restructuring

Over the last thirteen months, the volume of foreign investment injected into Vietnam-based financial institutions (FIs) not only bolstered M&A (mergers and acquisitions) in the finance-banking sector, but also sped up the restructuring process at FIs.
commercial banks quietly raising interests rates after tet holiday

Commercial banks quietly raising interests rates after Tet Holiday

A few days after the Tet Holiday, numerous commercial banks silently raised interest rates due to liquidity-related issues, the whopping demand for capital, and the great competition among Vietnam-based commercial banks.
small banks holding breath for upcoming agms

Small banks holding breath for upcoming AGMs

With the season of banks’ annual general meetings (AGMs) approaching, small-scale banks are distressed over countless issues, such as failing to reach 2017 targets, the alarmingly high rate of non-performing loans, the constant alteration of banks’ key positions, and bottomed-out stock prices.
gold sellers prepare for caishen day annual rush

Gold sellers prepare for Caishen Day annual rush

On the tenth day of the first month of every lunar year, aka Caishen Day attributed to the sacred God of Wealth, domestic gold buyers stream to gold stores due to the common belief that great fortune would be bestowed upon whoever purchases gold on that day.
alibaba and 40 thieves move in on e payments

Alibaba and “40 thieves” move in on e-payments

The e-payment market in Vietnam is becoming more competitive than ever, as various fintech providers around the world start flocking to the fast-growing country. This poses a real challenge for commercial banks, who must now adapt to the breakneck development speed of Industry 4.0.
agoda and bookingcom in crosshairs of customers and authorities

Agoda and Booking.com in crosshairs of customers and authorities

Booking sites Agoda and Booking.com have drawn customers’ ire by their oversight in keeping customers’ personal information secret, while at the same time the authorities have detected signs of tax evasion.