Remittances steady as lenders apply fresh transfer services

Remittances steady as lenders apply fresh transfer services

Remittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping its policy steady for now.
Lenders energise foreign-owned power projects

Lenders energise foreign-owned power projects

A handful of local and foreign banks are leveraging their insights and optimising financial resources to promote energy and power transition in Vietnam, thus contributing to the country’s sustainable national energy policy.
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.
Lenders give nod to rate cuts to help out

Lenders give nod to rate cuts to help out

Commercial banks have agreed to slash additional interest rates as they sought to help reignite Vietnam’s economy and support vulnerable businesses and individuals...
Lenders reinforcing cyber defences

Lenders reinforcing cyber defences

Although banks and innovative fintech technologies already benefit customers’ experience, they also come with possible cyber threats, especially as customers often do not realise the risks.
Lenders request new debt guidance

Lenders request new debt guidance

Credit institutions are hankering for detailed guidance on handling rescheduling debt groups to assist affected businesses and individuals due to the health crisis, which is expected to be unveiled soon by Vietnam’s central bank.
Non-bank lending an emerging solution

Non-bank lending an emerging solution

Non-deposit-taking lenders are becoming an optimal solution for smaller enterprises that cannot access bank loans, as well as a crucial factor to improve the supply chain in Vietnam.
Lenders pledge to help revive regional economy via RCEP

Lenders pledge to help revive regional economy via RCEP

After a lengthy eight-year negotiation process, the Regional Comprehensive Economic Partnership was finally signed just over a week ago.
Local lenders prepare for pandemic shock

Local lenders prepare for pandemic shock

Public health challenges have thrown Vietnam’s banking system into gyrations, pushing lenders to become more risk averse and brace for a wave of defaults, amidst efforts to cut interest rates from the central bank to offset the economy.
Techcombank raises $500 million in inaugural syndicated offshore loan facility

Techcombank raises $500 million in inaugural syndicated offshore loan facility

Techcombank has just fully drawn down its inaugural $500 million syndicated loan facility from international lenders.
Lenders ditch sour debt with property auctions

Lenders ditch sour debt with property auctions

Vietnamese banks are speeding up the sale of distressed loans backed by real estate – a move to get loans off their books and mend balance sheets from being impeded by a bundle of debt.
Banking sector bad debts under microscope

Banking sector bad debts under microscope

Local credit institutions have been praised for combating bad debts last year, challenging other private and state lenders to follow suit.
Banks urged to complete listing plans

Banks urged to complete listing plans

The latest regulatory requirements make it impossible for banks to continue delaying their listing plans.
Local businesses borrow at any costs for booming time at yearend

Local businesses borrow at any costs for booming time at yearend

Financial experts said many businesses would be willing to borrow money at the current rates as they need large sources of capital at the end of the year, which is expected to be a booming time of the local retail market.
Implementing the PPP legal  framework

Implementing the PPP legal framework

Prime Minister Nguyen Tan Dung on November 9, 2010 approved the much anticipated legal framework for public-private partnerships (PPP) in Vietnam.