Tran Minh Binh becomes new chairman of VetinBank

Tran Minh Binh becomes new chairman of VetinBank

CEO Tran Minh Binh has been appointed as chairman of the bank's Board of Directors.
Banks struggle to snap up distressed domestic lenders

Banks struggle to snap up distressed domestic lenders

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

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.
VietinBank to divest from VietinBank Securities and VietinBank Leasing

VietinBank to divest from VietinBank Securities and VietinBank Leasing

VietinBank is allegedly looking for a strategic partner to sell part of its ownership in VietinBank Securities (HSX: CTS) and VietinBank Leasing.
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.
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.
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.
Unsecured debts require regulation

Unsecured debts require regulation

Unsecured loan sales may see growth accelerated in response to a Vietnamese government ban on debt collection services – however, experts believed a clearer legal framework and firmer rules would help spur a more substantial unsecured debts market. 
VietinBank approved to raise charter capital by nearly $304 million

VietinBank approved to raise charter capital by nearly $304 million

The prime minister has just approved supplementing state capital at Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank – HSX: CTG).
Bank and real estate giants team up

Bank and real estate giants team up

Indochina Kajima Development Ltd., a joint venture from Indochina Capital and Kajima Corporation, last week signed a strategic partnership with VietinBank with the aim to provide the market with innovative real estate that addresses both current and future demands.
VietinBank Securities bags $90 million syndicated loans from international banks

VietinBank Securities bags $90 million syndicated loans from international banks

The $90 million syndicated loans will add more fuel to VietinBank Securities’s loan advisory and financing arrangements activities.
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.
Experience eKYC with VietinBank and win a Mazda 3

Experience eKYC with VietinBank and win a Mazda 3

Customers can now open a bank account on the VietinBank iPay Mobile app easily and conveniently from anywhere with the e-Know-Your-Customer (eKYC) solution. They can also have a chance to join VietinBank’s promotion programme named “eKYC – Easy registration – Win a luxury car.”
Financial institutions opting more into eKYC convenience

Financial institutions opting more into eKYC convenience

Fintech companies, banks, and other financial institutions are making great strides to go paperless, eliminating physical movements and paperwork, and becoming more cost-effective through electronic processes.
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