securities firms deliver mixed outcomes

Securities firms deliver mixed outcomes

Securities firms witnessed mixed performance in the year to date, with some even counting losses.
vietnam accelerating towards a cashless society

Vietnam accelerating towards a cashless society

For the first time, the Vietnamese legal framework formally defines electronic money. Under Decree No.52/2024/ND-CP, electronic money is “the value of Vietnamese currency co-stored on electronic means provided on a reciprocal basis with the amount prepaid by customers to banks, foreign bank branches, and intermediary payment service providers providing e-wallet services.” This definition establishes electronic money as a digital form of Vietnam’s legal currency.
the driving forces for gold price surge

The driving forces for gold price surge

Gold is still a promising investment channel that brings positive profits. Trinh Ha, a financial market analyst from Exness Investment Bank, explores the potential long-term gains for gold.
gelex and bamboo capital hold significant stakes in eximbank

Gelex and Bamboo Capital hold significant stakes in Eximbank

Gelex Group and Bamboo Capital Group have been revealed to hold the largest stakes in Eximbank, following the release of a list of the bank's major shareholders on July 24.
divestments point to lenders long term strategic thinking

Divestments point to lenders’ long-term strategic thinking

Some organisations are accelerating divestment in Vietnam’s banks, reflecting a broader trend of strategic capital management and shareholder restructuring.
foreign banks committing to considerable loans

Foreign banks committing to considerable loans

International banks are demonstrating growing interest in Vietnam, committing substantial investments and loans to support the country’s development and economic growth.
bank system forecast to overcome pressure

Bank system forecast to overcome pressure

The banking system in the second half of the year is projected to overcome inflationary pressures and support credit growth due to the combined effects of supportive factors.
adjustments may be necessary for near term gains

Adjustments may be necessary for near-term gains

Financial institutions are generally cautious about Vietnam’s economy in the near term, but expect a clearer recovery later this year. CEO of Standard Chartered Bank (Vietnam) Michele Wee spoke with VIR’s Hong Dung about concerns on Vietnam’s monetary policy.
vietnams h1 economic growth quite impressive adb country director

Vietnam’s H1 economic growth quite impressive: ADB Country Director

Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4 per cent in the first half of this year.
several vietnamese banks agree to finance ev purchases

Several Vietnamese banks agree to finance EV purchases

A Chinese electric vehicle manufacturer has agreed a deal with several Vietnamese banks to provide favourable financing solutions for customers purchasing its automobiles across Vietnam.
vbsp to focus on credit growth targets

VBSP to focus on credit growth targets

The Vietnam Bank for Social Policies, (VBSP), has ensured the safe and efficient implementation of all tasks assigned by the Party and state in the first six months of this year.
techcombank makes history with third best bank award

Techcombank makes history with third 'Best Bank' award

Techcombank has been awarded the title of 'Best Bank in Vietnam' by the three top international finance publications in 2024. The bank has received plaudits from Euromoney, FinanceAsia, and Global Finance, becoming the only Vietnamese bank to ever win all three prestigious awards in the same year.
ncb bank accelerates digital transformation with zoho corporation partnership

NCB Bank accelerates digital transformation with Zoho Corporation partnership

National Citizen Commercial Joint Stock Bank (NCB) is accelerating its digital transformation to offer a superior customer experience.
jbic offers 36 million loan to fund office building development in ho chi minh city

JBIC offers $36 million loan to fund office building development in Ho Chi Minh City

The Japan Bank for International Cooperation (JBIC) will lend $36 million to Phuong Nam 3A-1 Real Estate Business and Investment JSC to develop an office building in Ho Chi Minh City.
the asian banker cake digital bank engages best ai technology implementation

The Asian Banker: Cake Digital Bank engages best AI technology implementation

Cake by VPBank has been granted the ‘Best AI Technology Implementation’ Award by The Asian Banker at a ceremony on July 18 in Hanoi.