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.
Bancassurance the catalyst for insurers to deepen footprint

Bancassurance the catalyst for insurers to deepen footprint

Banks have managed to navigate their way through the chaos of the last few years by diversifying their non-interest income thanks to bancassurance services.
AIA Vietnam and VPBank strengthen long-term strategic partnership

AIA Vietnam and VPBank strengthen long-term strategic partnership

AIA Vietnam and VPBank on March 15 announced that the former has extended its long-term strategic partnership with the latter for four more years.
VPBank acquires 97.42 per cent of ASC Securities

VPBank acquires 97.42 per cent of ASC Securities

By purchasing ASC Securities, Hanoi-based lender VPBank targets to grab a bigger slice of Vietnam's burgeoning stock sector.
VPBank could raise its FOL to 17.5 per cent

VPBank could raise its FOL to 17.5 per cent

Raising its foreign-ownership limit (FOL) could mean that a private placement for potential foreign investors may be made, while at the same time, VPBank could offer more flexible conditions for present foreign owners, thanks to the new modification relat
Breakthrough M&A deals expected in banking and finance

Breakthrough M&A deals expected in banking and finance

Many large deals are on the horizon in mergers and acquisitions (M&A) in banking and finance in 2022, with transaction values of billion of dollars.
AWS announces general availability of AWS Outposts in Vietnam

AWS announces general availability of AWS Outposts in Vietnam

Amazon Web Services, Inc. (AWS), an Amazon.com company, on November 30 announced the general availability of AWS Outposts in Vietnam.
VPBank completes sale in FE Credit to SMBC Group of Japan

VPBank completes sale in FE Credit to SMBC Group of Japan

VPBank announced the completion of a 49 per cent stake sale of its consumer finance arm FE Credit by SMBC Consumer Finance Co., Ltd. (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group Inc. (SMBC Group).
Co-financing deals shore up belief in deep-rooted growth

Co-financing deals shore up belief in deep-rooted growth

Recent loan and credit agreements among Vietnamese banks and international financial organisations are reinforcing faith in promoting long-term growth prospects in Vietnam through renowned banks.
Banks in charter capital hikes to add momentum

Banks in charter capital hikes to add momentum

Despite concerns over a deteriorating economic picture, both local and foreign-invested banks are laying fresh momentum in the capital hike race to supplement their adequacy ratio and intensify operations in Vietnam.
Moody's extends upgrade review for VPBank and FE Credit

Moody's extends upgrade review for VPBank and FE Credit

Moody's Investors Service has extended its review for upgrade on all long-term ratings and assessments of VPBank and its subsidiary FE Credit.
Mambu wins new digital banking deal with Cake

Mambu wins new digital banking deal with Cake

Banking technology vendor Mambu has won a deal with Cake, a new digital bank which is looking to offer a full suite of digital banking services.
VPBank to issue additional shares and increase charter capital to nearly $2 billion

VPBank to issue additional shares and increase charter capital to nearly $2 billion

VPBank will issue a maximum of more than 1.97 billion shares to existing shareholders to raise its charter capital.
Shrewd activities resulting in banking bonuses for 2021

Shrewd activities resulting in banking bonuses for 2021

Despite the unexpected turbulence from public health challenges, privately-held commercial banks in Vietnam are enjoying stellar profit bonanzas thanks to their full suite of minted financial services, alongside cost-effective drives and debt rescheduling roadmaps.
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