Vietnam Report announces Top 10 prestigious banks

Vietnam Report announces Top 10 prestigious banks

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2022.
Hana Financial acquires stake in BIDV Securities

Hana Financial acquires stake in BIDV Securities

The South Korean financial group Hana Financial Investment acquired a 35 per cent stake in BIDV Securities on April 25.
Foreign banks grab slice of investment promotion action

Foreign banks grab slice of investment promotion action

More foreign banks are engaging in the organisation of investment promotion events, facilitating Vietnam to attract more investors to the country.
Banks raise provisions in anticipation of bad debt

Banks raise provisions in anticipation of bad debt

In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.
Banks in charter capital hikes to add momentum

Banks in charter capital hikes to add momentum

Despite concerns over a deteriorating economic picture, both local and foreign-invested banks are laying fresh momentum in the capital hike race to supplement their adequacy ratio and intensify operations in Vietnam.
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.
Credit institutions commit to doing their bit for the pandemic recovery

Credit institutions commit to doing their bit for the pandemic recovery

The State Bank of Vietnam will reinforce monitoring of commercial banks’ execution of their obligations in relief measures based on the outcomes of rates and charge cuts – but banks are trying to optimise their efficiency by tapping into non-interest income expansion.
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.
Banks lift women-led groups with financing options

Banks lift women-led groups with financing options

Both local and foreign banks are joining forces to promote an inclusive growth and generate more job opportunities by boosting their funding packages to women-led enterprises, hence increasing critical roles of female entrepreneurs in corporate value chains.
VAMC bad debts platform facilitates market options

VAMC bad debts platform facilitates market options

The upcoming bad debt exchange platform from Vietnam Asset Management Company is being viewed as a promising legal intermediary which can effectively deal with sour loans, as well as help lenders simplify procedures for collateral disputes while enhancing transparency.
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.
Appeal trial for BIDV-related violation case to open on June 28

Appeal trial for BIDV-related violation case to open on June 28

An appeal trial for the case related to violations of regulations on banking activities and abuse of trust to appropriate assets at the Bank for Investment and Development of Vietnam (BIDV), Binh Ha Livestock JSC and Trung Dung Trade and Tourism Co. Ltd. will take place from June 28-30, the High-level People’s Court in Hanoi announced on June 11.
VN-Index to reach 1,400 in June

VN-Index to reach 1,400 in June

1,400 will be the target for the VN-Index in June with the market seeing a strong surge in the first sessions of the month.
Rising foreign funds in sound financing 

Rising foreign funds in sound financing 

Local banks could gain the upper hand thanks to a number of syndicated loan facilities backed by international financial institutions, with a central focus on climate-friendly energy, digitally-led services, and narrowing the gap for small- and medium-sized enterprise financing.
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.
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