SHB to increase its charter capital

SHB to increase its charter capital

Saigon-Hanoi Commercial Joint Stock Bank (SHB) has received approval from the State Bank of Vietnam to increase its charter capital to $1.16 billion.
Banks raise charter capital for new growth stage

Banks raise charter capital for new growth stage

A slew of local and foreign banks are increasing charter capital to prepare for the new growth phase of the banking industry and the economy.
Bank of America to open branch in Ho Chi Minh City

Bank of America to open branch in Ho Chi Minh City

Bank of America – the second largest bank in the US – has submitted an application to open a branch in Ho Chi Minh City with a capital of around $50 million.
BAC A BANK launches Kiosk Banking in Hanoi

BAC A BANK launches Kiosk Banking in Hanoi

From July 21, BAC A BANK officially operates its new service Kiosk Banking, which is also the lender’s first automatic transaction model in Hanoi.
VPBank, SmartPay, and DMSpro enter strategic cooperation to provide financial solutions to merchants

VPBank, SmartPay, and DMSpro enter strategic cooperation to provide financial solutions to merchants

VPBank has partnered up with SmartPay and DMSpro JSC on July 7 to provide practical financial solutions to address urgent needs of SMEs.
Revenue remains a major concern for many commercial banks during digital transformation

Revenue remains a major concern for many commercial banks during digital transformation

Digital transformation should be considered an ongoing process for banks, in which competition and cooperation with other partners are top priorities.
BAC A BANK offers fresh credit programmes

BAC A BANK offers fresh credit programmes

BAC A BANK has launched a special credit programme with attractive lending rates titled Receiving preferential loans - Realising your life goals.
Vietcombank and MB will take part in reconstructing CBank and Ocean Bank

Vietcombank and MB will take part in reconstructing CBank and Ocean Bank

Vietcombank and MB would participate in the reorganisation of two weak banks, Construction Bank (CBank) and Ocean Bank.
LienVietPostBank to sign an exclusive bancassurance agreement in mid-June

LienVietPostBank to sign an exclusive bancassurance agreement in mid-June

LienVietPostBank is mulling over an exclusive bancassurance deal after its 5-year agreement with Dai-ichi Life.
41 banks buy corporate bonds worth $11.9 billion

41 banks buy corporate bonds worth $11.9 billion

At a conference on April 22, Nguyen Thi Hong, Governor of the State Bank of Vietnam, said that credit institutions are direct investors in the bond market.
BAC A BANK removes fees for its debit card and e-banking services

BAC A BANK removes fees for its debit card and e-banking services

BAC A BANK has just announced not to charge fees for its debit card, internet banking, and mobile banking services.
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.
SMBC terminates strategic alliance with Eximbank

SMBC terminates strategic alliance with Eximbank

The Japanese financial giant Sumitomo Mitsui Banking Corporation (SMBC) announced its exit from Vietnam's privately-held lender Eximbank on March 18.
MB likely to acquire OceanBank in a no-cost deal

MB likely to acquire OceanBank in a no-cost deal

MB on March 15 held a conference to present details on the bank's current status, as well as its strategic approach for the future.
SBV to establish new State Foreign Exchange Reserve Management Department

SBV to establish new State Foreign Exchange Reserve Management Department

The SBV intends to establish the State Foreign Exchange Reserve Management Department due to the rise in foreign currency reserves.
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