Vietnam banks support 'adopt and build' approach to digital transformation
September 08, 2023 | 11:35
Over 55 per cent of chief information officers in Vietnamese banks support an “adopt and build” approach to digital transformation.
Banks join in promoting green credit
September 06, 2023 | 16:16
Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
Lending rate lag still causing bank unease
September 05, 2023 | 17:17
Banks remain in a phase of inventory, facing challenges in the active monetisation of funds and resulting in an accumulation of excess liquidity.
Three institutional investors secure 40 per cent stake in PG Bank
August 31, 2023 | 13:04
A trio of institutional investors have acquired a combined 40 per cent stake in PG Bank, marking a notable change in its shareholding structure.
“Substandard” banks failing with cross-ownership norms
July 18, 2023 | 10:04
Amidst rising concerns over cross-ownership practices in Vietnam’s rapidly evolving banking sector, experts are calling for effective mechanisms to ensure the independence and competency of board members, stringent sanctions, and better regulations on ownership ratios to bolster corporate governance.
Local banks seek foreign funding
May 31, 2023 | 18:08
Large sums of foreign currency flowed into the accounts of local commercial banks in the first half of this year, with many more deals in the pipeline.
Preparedness crucial in safeguarding banking sector
May 30, 2023 | 18:40
Banks are inherently fragile, it is therefore unavoidable that banks face turmoil periodically. Patrick Lenain, CEP senior associate, analyses how to limit the global banking stress impacts in Vietnam’s banking system.
Direction clearer in weak bank overhaul
May 16, 2023 | 10:04
Decisive action taken by Vietnam’s central bank on restructuring failing banks signifies a considerable stride towards revamping and fostering a sound financial landscape.
Sacombank caps its FOL at 30 per cent and targets boosting its profits
April 26, 2023 | 12:02
Sacombank is poised for remarkable growth and the distribution of dividends to its shareholders in the years to come.
Techcombank enters 2023 with strategic plan
April 24, 2023 | 12:48
Against the formidable challenging confronting the banking system, Techcombank has embarked upon distinct strategies to effectively address and advance amid obstacles in the real estate and corporate bond market.
Wider recognition a top reason for upping bank activity abroad
April 05, 2023 | 08:00
Vietnamese banks are proactively expanding their presence in the foreign markets in order to serve more customers. Kent Wong, chairman of the Legal Committee at the European Chamber of Commerce in Vietnam, discussed with VIR’s Celine Luu the positives and negatives associated with the practice.
Alternatives needed if bank crisis threatens to spread
April 04, 2023 | 08:00
As Western governments work overtime to quarantine the collapse of Credit Suisse, Silicon Valley Bank, and others, the impacts are likely to spread and project managers will need to look for innovative alternative funding sources.
Weak bank revival to necessitate patience
February 24, 2023 | 09:50
Reorganising distressed credit institutions is to be a major focus in Vietnam in 2023, but it could take 8-10 years to transform troubled lenders into financially sound ones.
Modest bank growth projected this year
January 16, 2023 | 15:30
Last year saw major changes in the banking industry, with total assets of the commercial bank group growing strongly, and most banks entering the race to diversify services. In 2023, challenges lie ahead in the context of a downturn in the real estate cycle and a less positive outlook for exports.
Most important priority in 2023 to ensure liquidity
January 04, 2023 | 11:10
Nguyen Thi Hong, Governor of the State Bank of Vietnam (SBV), affirmed that the highest priority of monetary policy in 2023 was to ensure liquidity and maintain the stability in the banking system.
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