State-owned banks set to increase charter capital

State-owned banks set to increase charter capital

The State Bank of Vietnam has announced Decision No.422/QD-NHNN dated March 18 outlining its action plan for the next two years.
These banks have the most extensive networks in Vietnam

These banks have the most extensive networks in Vietnam

State-owned banks lead the board when it comes to the number of branches and transaction offices in Vietnam.
Banking sector to maintain the lifeblood of the economy

Banking sector to maintain the lifeblood of the economy

Top bank leaders have discussed their development trajectories for the new year to successfully meet all economic goals set for 2021-2025.
Agribank and FWD Vietnam enter bancassurance partnership

Agribank and FWD Vietnam enter bancassurance partnership

The Vietnam Bank for Agriculture and Rural Development and FWD Vietnam Life Insurance Co., Ltd. have launched a new bancassurance partnership on January 12, designed to better meet the financial and insurance needs of Vietnamese people.
Agribank launches online account opening and transactions during pandemic

Agribank launches online account opening and transactions during pandemic

Agribank's Electronic Know Your Customer (eKYC) solution contributes to improving customer experience, simplifies the account opening process.
Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts

Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.
State-owned lenders maintain positive run

State-owned lenders maintain positive run

Four state-owned commercial banks in Vietnam have revealed their upbeat business performance and are fully committed to deploying all resources possible to ease the current economic stress, thereby reflecting their influence on the country’s financial landscape.
Profuse real estate lending on alert

Profuse real estate lending on alert

Loans related to real estate-backed collateral and build-operate-transfer projects are classified as among the riskiest and largest portion of banks’ portfolios, which might require restrictive approaches on quantitative quotas.
Ratings agencies bullish on credit growth prospects

Ratings agencies bullish on credit growth prospects

Although the State Bank of Vietnam has set stringent limits on credit growth at commercial lenders in a bid to control risky lending activities, commercial lenders are now looking forward to a potential future easing of the credit growth limit.
Nine Vietnamese banks increase global brand finance ranking

Nine Vietnamese banks increase global brand finance ranking

Nine Vietnamese banks made it on the Brand Finance Banking 500, including Agribank, Vietcombank, VietinBank, VPBank, BIDV, Techcombank, MB, Sacombank, and ACB.
Agribank will accelerate charter capital increase and equitisation in 2021

Agribank will accelerate charter capital increase and equitisation in 2021

Agribank is facing many challenges, especially in increasing its charter capital and conducting equitisation, yet it remains ambitious for 2021.
Local lenders increase fund reserves

Local lenders increase fund reserves

Vietnamese banks are making a beeline to increase capital, accelerate financial capacity, and tap into overseas funds.
Banks to offer credit packages for customers affected by COVID-19

Banks to offer credit packages for customers affected by COVID-19

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.
Banks support customers affected by COVID-19

Banks support customers affected by COVID-19

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked commercial banks to promptly to support customers affected by COVID-19.
Lenders at odds with supporting strategies

Lenders at odds with supporting strategies

While Vietnamese lenders have stepped up their support for the virus-hit economy by reducing lending rates or offering relief measures, foreign banks are adopting a wait-and-see approach.
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