Visa makes it a breeze to receive funds from abroad with Visa Direct

Visa makes it a breeze to receive funds from abroad with Visa Direct

Visa has partnered with Vietnamese banks to make it easier for Visa debit card holders to receive inbound remittances using MoneyGram and Remitly.
Banking stability playing key role in economic health

Banking stability playing key role in economic health

The first half of this year has come and gone, with a very interesting case on why banks still bear fruit with upbeat business results during a difficult time for the economy.
Strong rise in bank profitability in first quarter

Strong rise in bank profitability in first quarter

A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.
ASEAN, Brazil eye stronger trade and investment links

ASEAN, Brazil eye stronger trade and investment links

Vietnamese Ambassador to Brazil Pham Thi Kim Hoa has attended a virtual meeting between the ASEAN Committee in Brasilia (ACB) and the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) which discussed opportunities for trade and investment and ways to develop economic relations between ASEAN member states and the Latin American country.
Sun Life Vietnam and ACB announce 15-year exclusive bancassurance partnership in Vietnam

Sun Life Vietnam and ACB announce 15-year exclusive bancassurance partnership in Vietnam

Vietnam's financial institutions are enjoying a rise in bancassurance activities with more monopoly deals coming.
ACB and Sun Life Vietnam announce exclusive bancassurance partnership

ACB and Sun Life Vietnam announce exclusive bancassurance partnership

ACB and Sun Life Vietnam on November 18 announced that they have formed a 15-year exclusive bancassurance partnership in Vietnam.
Central bank approves ACB"s plan to raise charter capital

Central bank approves ACB"s plan to raise charter capital

The State Bank of Vietnam has approved the Asia Commercial Bank (ACB)’s plan to raise its charter capital from 16.6 trillion VND (721 million USD) to 21.6 trillion VND (938.3 million USD).
A string of banks land the HSX

A string of banks land the HSX

Following recovery plans after the pandemic came under control in Vietnam, many banks have recently announced plans to move their lists to the Ho Chi Minh City Stock Exchange (HSX).
Fitch downgrades outlook on Vietcombank, VietinBank, ACB, MB, and ANZ

Fitch downgrades outlook on Vietcombank, VietinBank, ACB, MB, and ANZ

Credit ratings provider Fitch Ratings has downgraded its outlook on four local and one foreign bank in Vietnam – Vietcombank, VietinBank, MB, ACB, and ANZ.
Manulife Vietnam forges bancassurance partnership with ACB

Manulife Vietnam forges bancassurance partnership with ACB

Manulife Vietnam announced a bancassurance partnership with ACB, signalling its commitment to helping more people live better lives.
Banks launch recruitment drives to prepare for year-end

Banks launch recruitment drives to prepare for year-end

Several banks have recently announced they would recruit a large number of personnel to meet their business expansion plans in the last quarter of the year - the busiest time for banks.
ACB approved to increase capital by paying dividend by stock

ACB approved to increase capital by paying dividend by stock

ACB plans to issue more than 374 million shares to increase its charter capital by VND3.74 trillion ($162.6 million) reach VND16.6 trillion ($721.74 million).
Financial experts urge caution against dollar loans

Financial experts urge caution against dollar loans

Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.
Moody’s upgrades rating of four banks in Vietnam

Moody’s upgrades rating of four banks in Vietnam

Moody’s has upgraded long-term local currency deposit and local- and foreign-currency issuer ratings of ACB, MB Bank, and Techcombank to B1.