AI a game changer for Vietnam’s banking industry

AI a game changer for Vietnam’s banking industry

AI is set to transform Vietnamese banking operations, from customer experience to fraud detection and operational efficiency.
Payment habits now moving towards more efficient means

Payment habits now moving towards more efficient means

AI has become increasingly popular in the banking industry. Tim Evans, CEO of HSBC Vietnam, talked with VIR’s Hong Dung about how AI will drive banks forward.
Forecast upbeat for banking industry in 2025

Forecast upbeat for banking industry in 2025

Commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9 per cent year-on-year, while bad debt has peaked and is expected to decrease next year.
Vietnamese banks aim to become among top 100 in Asia

Vietnamese banks aim to become among top 100 in Asia

Credit capacity, low interest rates, and comprehensive digital transformation are key areas that Vietnam's commercial banking system must focus on.
Asset quality notable in banks' 2023 business results

Asset quality notable in banks' 2023 business results

Tran Thi Khanh Hien, director of MBS' research division, talked to VIR's Hong Dung about 2023 business results.
Proper handling of data paramount for digital aims

Proper handling of data paramount for digital aims

Hong Yea Chee, senior executive vice president for Customer Engagement at digital banking solutions provider Silverlake Axis, discussed with VIR’s Trung Duong the sector’s evolution towards integrated services and embedded finance.
Divergence in profit forecasts likely heading into 2024

Divergence in profit forecasts likely heading into 2024

Multiple securities reports have forecasted that the pre-tax profit of the entire banking industry will experience a deceleration and subsequently exhibit a significant divergence over the next year, but bank stocks are still highly sought after.
Banking industry steps up digital transformation

Banking industry steps up digital transformation

The pandemic has been prompting banks to adapt. As digital transformation has become inevitable, banks have stepped up their efforts to adopt more new technologies in the digitalisation race.
Credit tweak opens door for economic rejuvenation

Credit tweak opens door for economic rejuvenation

Credit institutions with ample financial buffers, sound risk management, and participation in weak banks’ restructuring journey would gain an upper hand in terms of higher-than-average loan ceilings.
M&A in banking industry expected to stay high in H2

M&A in banking industry expected to stay high in H2

Mergers and acquisitions (M&A) in the banking industry are expected to remain high for the rest of the year as the industry continues the digital transformation process, according to experts.
Banking shares plummet to attractive prices

Banking shares plummet to attractive prices

The banking industry may have a hard time reaching its 2022 profit growth targets, but share valuations have dropped significantly to attractive prices.
Big M&A deals forecast in banking industry in 2022

Big M&A deals forecast in banking industry in 2022

Vietnam’s merger and acquisitions (M&A) market in 2022 is forecast to include big deals worth billions of dollars in the banking industry.
VIB steady on the journey to become leading retail bank

VIB steady on the journey to become leading retail bank

On March 16, VIB approved the plan to distribute bonus shares at 35 per cent to existing shareholders, increase its charter capital to more than $913 million, and have a profit target of $456.5 million for 2022.
Banks tighten loans for real estate businesses

Banks tighten loans for real estate businesses

The banking industry sharply reduced outstanding loans for real estate business in the first half of 2021 and will continue such limits in the second half.
Banking industry should aim at data governance to promote growth

Banking industry should aim at data governance to promote growth

The latest PwC survey shows that the role of CDOs is being gradually enhanced and they begin the first steps in data exploitation towards strategic goals.
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