Tough year expected for banks in 2023

Tough year expected for banks in 2023

With a dim outlook for the banking industry, most securities firms forecast that banks will post conservative profit growth in 2023.
Four banks have adjusted credit room

Four banks have adjusted credit room

The State Bank of Vietnam (SBV) has officially adjusted the credit room for four banks in a bid to support weak credit institutions according to the government's policy.
Weaker banks on radar of major lenders

Weaker banks on radar of major lenders

The prospect for bank mergers and acquisitions in Vietnam is accelerating, notably the purchase of struggling credit institutions for the sake of reorganisation.
HDbank to participate in the credit institution restructuring programme

HDbank to participate in the credit institution restructuring programme

With experience in the successful restructuring of credit institutions and its pioneering spirit, HDBank is getting involved in the compulsory transfer of weak credit institutions.
HDBank's profit before tax exceeds $240 million

HDBank's profit before tax exceeds $240 million

HDBank's profit before tax for the first half of the year exceeded $240 million, fulfilling 54 per cent of its annual budget.
IFC and HDBank scale up finance for SMEs

IFC and HDBank scale up finance for SMEs

On May 11, the IFC and HDBank signed an MoU to support small- and medium-sized enterprises (SME) to scale up finance and participate in global supply chains.
HDBank welcomes new chairman

HDBank welcomes new chairman

HDBank has announced a resolution by its Board of Directors to elect Kim Byoungho as chairman with effect from April 29.
Local lenders struggle to match major M&A

Local lenders struggle to match major M&A

The local tie-up scene among domestic lenders is paling in comparison with wealthy multinational institutions, as many partnerships have turned sour, particularly with weak bank involvement.
HDBank and Thought Machine to strengthen digitalisation in finance and banking

HDBank and Thought Machine to strengthen digitalisation in finance and banking

On February 25, within the official visit of President Nguyen Xuan Phuc to Singapore, HDBank has signed a cooperation agreement with Thought Machine – the core banking solution provider to first-tier banks in the world.
International trio invests in Vietnam’s HDBank to help accelerate economic recovery

International trio invests in Vietnam’s HDBank to help accelerate economic recovery

IFC, LeapFrog Investments, and DEG – Deutsche Investitions- und Entwicklungsgesellschaft – have invested $165 million in convertible Tier 2 bonds.
Will HDBank raise its foreign ownership limit to 49 per cent according to EVFTA?

Will HDBank raise its foreign ownership limit to 49 per cent according to EVFTA?

HDBank is rumoured to be looking to raise its foreign ownership limit to 49 per cent to get a foreign partner on board, as part of the EVFTA.
Strategic cooperation floods in for banks’ greener visions

Strategic cooperation floods in for banks’ greener visions

International financial institutions are initiating partnerships with Vietnamese banks and other businesses through financing agreements, contributing to the energy transition.
HDBank reports robust growth amid pandemic

HDBank reports robust growth amid pandemic

HDBank has announced the preliminary business results for the third quarter with growth across the board, fulfilling 84 per cent of its full-year business plan.
Bank cements reputation as superlative financial brand

Bank cements reputation as superlative financial brand

Vietnamese banking behemoth HDBank has entered the top 10 leading brands in the country, according to a new list published by Forbes Vietnam.
HDBank honoured again as top company to work for

HDBank honoured again as top company to work for

Ho Chi Minh City-based commercial lender HDBank has once again been named among the best companies to work for in the continent by HR Asia, an authoritative regional publisher in human resources.
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