Climate funds begin to make waves with domestic entities

Climate funds begin to make waves with domestic entities

The increasing focus on sustainable and eco-friendly initiatives in Vietnam is evident, with major financial institutions and cities launching substantial green investment funds.
Banks saw profit spike in Q4

Banks saw profit spike in Q4

Several banks have reported significant profit for last year, with many considering cash dividends to reward shareholders.
Banks containing threats of bad debt

Banks containing threats of bad debt

Many banks experienced a surge in bad debts in the fourth quarter of last year, driving the need to consolidate capital buffers.
Banks remain prudent about 2024 targets

Banks remain prudent about 2024 targets

Despite seeing billion-dollar profits in 2023, many banks remain cautious about their 2024 business targets amid the current economic vulnerabilities.
Banks witness bleak profit results

Banks witness bleak profit results

Throughout the first half of this year, many banks – particularly smaller entities – have witnessed a sharp reduction in their profits.
VietinBank and MUFG Bank celebrate 10 years of strategic alliance

VietinBank and MUFG Bank celebrate 10 years of strategic alliance

VietinBank and MUFG Bank Ltd. have marked the 10-year strategic alliance that has enabled both organisations to support the growth of Vietnam’s banking sector.
Modest bank growth projected this year

Modest bank growth projected this year

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

VietinBank honoured with ‘Project Infrastructure Finance Deal of the Year’ award

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

The 10th anniversary VietinBank - MUFG strategic alliance

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

Vietnam Report announces Top 10 prestigious banks

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2022.
Banks setting upbeat profit targets

Banks setting upbeat profit targets

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

Banks deny involvement in Tan Hoang Minh's bond issuance scandal

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

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.
SSI inks its largest loan agreement worth $440 million with VietinBank

SSI inks its largest loan agreement worth $440 million with VietinBank

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

VietinBank and Manulife Vietnam activate exclusive cooperation agreement

VietinBank and Manulife Vietnam have officially launched their joint operations under an exclusive cooperation agreement lasting 16 years.
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