buyers no longer line up for gold purchases at banks

Buyers no longer line up for gold purchases at banks

Long queues of gold buyers were no longer seen in front of designated sites of four State-owned commercial banks on June 17 morning.
the most innovative strategies for e wallet survival

The most innovative strategies for e-wallet survival

Upon hearing that Grab is shutting down Moca, I felt compelled to share my thoughts as someone who has been involved in the e-wallet sector since the State Bank of Vietnam’s pilot programme in 2008.
businesses wary of rising deposit rates

Businesses wary of rising deposit rates

Although deposit interest rates are increasing, lending rates will remain at current levels as regulatory bodies and commercial banks strive to support businesses in accessing capital.
adb greenlights 80 million loan package for lpbank to finance woman owned businesses

ADB greenlights $80 million loan package for LPBank to finance woman-owned businesses

The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) on June 12 signed a financing package of up to $80 million to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Vietnam.
central bank targets ongoing price control of gold market

Central bank targets ongoing price control of gold market

Unprecedented measures are being taken to ensure effective management of the domestic gold market and narrow the gap with the global market.
larger lenders in good growth stead

Larger lenders in good growth stead

Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.
vietcombank begins selling gold bullion online

Vietcombank begins selling gold bullion online

Vietcombank began selling SJC-branded gold bullion online on June 12.
economic recovery momentum continues into second quarter

Economic recovery momentum continues into second quarter

UOB (United Overseas Bank) expects GDP growth to pick up to 6 per cent in the second quarter of 2024, extending the 5.66 per cent gain seen in the first quarter, and has maintained its growth forecast for Vietnam at 6 per cent for 2024.
song hau 2 thermal power plant secures 980 million funding

Song Hau 2 Thermal Power Plant secures $980 million funding

Toyo Ink Group Bhd and its Vietnamese subsidiary, Song Hau 2 Power Company Limited, have obtained a loan worth $980 million from Eximbank Malaysia to implement the Song Hau 2 Thermal Power Plant Project.
economic recovery and legal reforms to propel vietnams stock market

Economic recovery and legal reforms to propel Vietnam's stock market

Do Thanh Tung, deputy head of Research at Viet Dragon Securities (Rong Viet Securities), spoke with VIR's Luu Huong how positive economic recovery and strategic legal amendments are expected to support the stock market's stability and growth in the coming months.
new products could benefit in wealth asset environment

New products could benefit in wealth asset environment

Vietnam has earned a reputation for strong growth and tenacity in the face of numerous geopolitical and economic crises over the years, including a significant increase in managed wealth assets. Lina Nguyen, country business development manager of Exness Investment Bank, spoke with VIR’s Thy Nguyet about the potential of the wealth asset management market in Vietnam.
banks in singapore tighten management after 3 billion usd money laundering case

Banks in Singapore tighten management after 3-billion-USD money laundering case

Banks in Singapore, including Citigroup and DBS Group Holdings, are ramping up scrutiny of their wealthy customers and potential clients to avoid exposure to illicit flows.
vietnam among six asean countries with good economic growth maybank

Vietnam among six ASEAN countries with good economic growth: Maybank

The gross domestic product (GDP) growth of six ASEAN countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - will recover to 4.5 per cent and 4.7 per cent in 2024 and 2025, respectively, from 4 per cent in 2023, according to Maybank Research Pte Ltd forecast.
top 10 reputable commercial banks for 2024 unveiled

Top 10 reputable commercial banks for 2024 unveiled

The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.
regulations on bad debt trading settlement revised

Regulations on bad debt trading, settlement revised

The State Bank of Vietnam (SBV) has issued Circular 03/2024/TT-NHNN on bad debt trading and settlement of the Vietnam Asset Management Company (VAMC) to make the work more effective.