BIDV, VietinBank sign $281-million credit deal for O Mon IV power plant

BIDV, VietinBank sign $281-million credit deal for O Mon IV power plant

A $281-million credit package has been signed by BIDV, VietinBank, and Petrovietnam to fund the O Mon IV power plant project.
Hanoi partners with five banks to raise up to nearly $8 billion through bond issuance

Hanoi partners with five banks to raise up to nearly $8 billion through bond issuance

Hanoi has signed MoUs with five big commercial banks to support the issuance of local government bonds, with plans to raise between $6-7.8 billion during 2027-2030 to finance key infrastructure projects, particularly the capital's urban railway network.
Moody's Ratings upgrades outlook of six Vietnamese banks
to positive

Moody's Ratings upgrades outlook of six Vietnamese banks to positive

Moody's Ratings on May 5 affirmed the ratings of six Vietnamese banks and changed their outlooks to positive from stable.
Banks ramp up plans to establish VIFC subsidiaries

Banks ramp up plans to establish VIFC subsidiaries

Banks are accelerating plans to set up subsidiary banks at the Vietnam International Financial Centre.
EVN secures financing for Quang Trach II LNG power plant

EVN secures financing for Quang Trach II LNG power plant

EVN has signed loan agreements with four domestic banks to advance construction of the Quang Trach II LNG-fired power plant.
KBC, AIC, and VietinBank sign MoU to develop $2 billion data centre

KBC, AIC, and VietinBank sign MoU to develop $2 billion data centre

Kinh Bac City Development Holding Corporation has signed an MoU with AIC and VietinBank to jointly develop a 200MW AI data centre in Ho Chi Minh City.
Pacifico Energy Vietnam secures $28.5 million financing for wind farm venture

Pacifico Energy Vietnam secures $28.5 million financing for wind farm venture

Pacifico Energy Vietnam has announced the closing of up to $28.5 million in senior debt financing from VietinBank for its utility-scale Sunpro Wind Farm.
Stock market buoyed by upbeat earnings forecasts

Stock market buoyed by upbeat earnings forecasts

Preliminary earnings reports from major firms are painting a brighter picture for the stock market.
MUFG N0W champions sustainable innovations and strategies

MUFG N0W champions sustainable innovations and strategies

A recent Hanoi event on green development has discussed how Vietnam’s key industries have collaboratively adopted relevant production strategies while fostering suitable supply chains.
Banks confident of 2025 targets amid global uncertainties

Banks confident of 2025 targets amid global uncertainties

Banks are navigating headwinds with flexible, well-prepared strategies.
KCN Vietnam Group signs comprehensive partnership with VietinBank

KCN Vietnam Group signs comprehensive partnership with VietinBank

KCN Vietnam Group JSC and VietinBank signed a comprehensive partnership agreement on March 14.
Banks see mixed performances in forex trading

Banks see mixed performances in forex trading

Many banks counted significant profits from forex business last year, but some declined or even counted losses in this segment.
Banks expedite massive bond issuances to raise capital before new year

Banks expedite massive bond issuances to raise capital before new year

Banks are issuing bonds to raise capital at high interest rates, driven by a clear improvement in year-end credit growth and positive forecasts for 2025.
Banks deliver bright profit picture

Banks deliver bright profit picture

Banks have continued to post promising profits for 2024, buoyed by strong credit growth in the latter half of the year.
Massive dividends on offer to bank shareholders

Massive dividends on offer to bank shareholders

Vietnamese banks envisage distributing dividends to their shareholders this year.
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