Modest bank growth projected this year
January 16, 2023 | 15:30
Last year saw major changes in the banking industry, with total assets of the commercial bank group growing strongly, and most banks entering the race to diversify services. In 2023, challenges lie ahead in the context of a downturn in the real estate cycle and a less positive outlook for exports.
VietinBank honoured with ‘Project Infrastructure Finance Deal of the Year’ award
December 27, 2022 | 18:03
With the surge of foreign capital inflow and rapid expansion of the economy during recent years, VietinBank stands out as a pioneering bank financing major projects.
The 10th anniversary VietinBank - MUFG strategic alliance
September 30, 2022 | 10:59
The year 2023 will mark the 10th anniversary of the VietinBank - MUFG strategic alliance and is a significant milestone for the two banks.
Vietnam Report announces Top 10 prestigious banks
July 01, 2022 | 16:18
The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2022.
Banks setting upbeat profit targets
April 19, 2022 | 14:34
Banks are penning out upbeat profit targets for 2022, leveraging sound credit demands buoyed by the economic rebound both at home and globally.
Banks deny involvement in Tan Hoang Minh's bond issuance scandal
April 08, 2022 | 15:06
Vietinbank and Saigon Hanoi Commercial Joint Stock Bank (SHB) said that they do not provide securities and payment guarantee services, do not invest and distribute bonds issued by Tan Hoang Minh Group.
Local lenders struggle to match major M&A
March 09, 2022 | 10:07
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.
SSI inks its largest loan agreement worth $440 million with VietinBank
February 14, 2022 | 20:13
Vietnam’s prominent securities company SSI Securities JSC has just revealed its fresh loan agreement with VietinBank with a maximum loan amount of approximately $440 million.
VietinBank and Manulife Vietnam activate exclusive cooperation agreement
January 27, 2022 | 10:00
VietinBank and Manulife Vietnam have officially launched their joint operations under an exclusive cooperation agreement lasting 16 years.
Banks posted healthy profits during last year
January 13, 2022 | 13:25
Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.
Handshake between EI Industrial and VietinBank promotes comprehensive cooperation
January 05, 2022 | 17:18
EI Industrial JSC and VietinBank signed a comprehensive strategic partnership to promote bilateral development at the Head Office of EI Industrial Company in Ho Chi Minh City on January 5.
Banks raise provisions in anticipation of bad debt
November 10, 2021 | 21:41
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.
Tran Minh Binh becomes new chairman of VetinBank
September 08, 2021 | 09:26
CEO Tran Minh Binh has been appointed as chairman of the bank's Board of Directors.
Banks struggle to snap up distressed domestic lenders
September 02, 2021 | 21:30
Financially sound local and foreign banks are turning a deaf ear to acquire distressed and insolvent Vietnamese banks as they find it hard to access better equipment to address a range of adverse outcomes under a widely accepted supervisory regime.
Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts
August 28, 2021 | 21:44
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.
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