Pham Quang Dung becomes new chairman of Vietcombank

Pham Quang Dung becomes new chairman of Vietcombank

Vietcombank has appointed CEO Pham Quang Dung as its new chairman.
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.
Rosy half-year profits across the board at Vietnamese banks

Rosy half-year profits across the board at Vietnamese banks

In the first half of this year, most banks have fulfilled more than half of their full-year profit targets despite COVID-19 complexities.
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.
Vietcombank launches eKYC, allowing customers to open accounts anywhere within minutes

Vietcombank launches eKYC, allowing customers to open accounts anywhere within minutes

This outstanding development assists customers to open Vietcombank accounts anywhere and anytime online, avoiding waiting time at transaction counters.
Strong rise in bank profitability in first quarter

Strong rise in bank profitability in first quarter

A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.
EVN permitted to exceed loan ceiling to develop Quang Trach 1 Thermal Power Plant

EVN permitted to exceed loan ceiling to develop Quang Trach 1 Thermal Power Plant

The prime minister has allowed Vietcombank to provide a loan exceeding the statutory ceiling for EVN to develop Quang Trach 1 Thermal Power Plant.
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.
Nine Vietnamese banks increase global brand finance ranking

Nine Vietnamese banks increase global brand finance ranking

Nine Vietnamese banks made it on the Brand Finance Banking 500, including Agribank, Vietcombank, VietinBank, VPBank, BIDV, Techcombank, MB, Sacombank, and ACB.
Vietcombank is honoured to get the Vietnam Value Awards for the seventh time

Vietcombank is honoured to get the Vietnam Value Awards for the seventh time

Vietcombank is one of 17 businesses which have been constantly honoured at the Vietnam Value Programme for seven consecutive times from 2008.
Vietcombank to maintain resilience despite possible bad debt formation and lower profit

Vietcombank to maintain resilience despite possible bad debt formation and lower profit

Vietcombank is expected to remain resilient despite possible bad debts and lower profit due to the pandemic.
Core functions possibly at stake without sufficient digitalisation

Core functions possibly at stake without sufficient digitalisation

Payment intermediary is one among three core functions, and has always been considered as a unique and unparalleled feature of commercial banks.
Exploitable security plagues digitalisation

Exploitable security plagues digitalisation

Disruptive technologies spur the evolution in the financial landscape, with comprehensive applications providing convenient access to customers’ banking needs...
Bad debts tend to rise despite slow credit expansion

Bad debts tend to rise despite slow credit expansion

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
Top 10 most valuable brands worth 8.1 billion USD

Top 10 most valuable brands worth 8.1 billion USD

The top 10 most valuable brands in Vietnam 2020 are worth 8.1 billion USD, increasing by 17 percent from last year and accounting for 30 percent of the list’s total value, according to Forbes Vietnam magazine.
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