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.
Japanese banks take on strategic roles

Japanese banks take on strategic roles

Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
Consumer finance groups tap new funds

Consumer finance groups tap new funds

International expertise and solid financial support are vaulting some consumer finance companies in Vietnam ahead of their peers, and also presenting opportunities for both sides to deploy excess capital and diversify their business.
VPBank looks for foreign strategic partner

VPBank looks for foreign strategic partner

VPBank has just announced setting its maximum foreign ownership limit at 15 per cent, with plans to make a private placement for a foreign strategic investor.
Dragon Capital becomes largest shareholder of VPBank

Dragon Capital becomes largest shareholder of VPBank

Dragon Capital increased its ownership rate in VPBank (VPB) to 5.12 per cent, becoming its largest foreign shareholder.
Capital injections loom in finance M&A

Capital injections loom in finance M&A

Although the pandemic is still taking a serious toll on the economy, foreign investors are banking on cross-border mergers and acquisitions in the financial industry, especially in consumer finance and retail banking, illustrating the urgency to acquire new capabilities.
FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020

FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020

Due to the COVID-19 pandemic, FE Credit reported a decrease in its pre-tax profit while its non-performing loans increased to 6.6 per cent in 2020.
Be Group partnering up with VPBank to launch Cake digital bank

Be Group partnering up with VPBank to launch Cake digital bank

Be Group and VPBank have officially introduced Cake digital bank, a new solution for e-banking.
Diversifying local consumer finance

Diversifying local consumer finance

Consumer finance companies in Vietnam are seeking new approaches to diversify their funding sources and their indirect loan portfolios, as well as lower credit and liquidity risks despite the lingering pandemic and tightening regulations.
FE Credit could file for IPO in third quarter next year

FE Credit could file for IPO in third quarter next year

FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is allegedly preparing for its IPO in the third quarter of 2021.
The hardest part of a journey is the start

The hardest part of a journey is the start 1

At one of the country’s first large-scale community events after the initial shock of the pandemic this year, AIA Vietnam’s chief of marketing and strategy officer tied knots with the running races and showcased his company’s commitment and strategy for the upcoming time.
VPBank Hanoi Marathon ASEAN 2020, a globally connected race

VPBank Hanoi Marathon ASEAN 2020, a globally connected race

The VPBank Hanoi Marathon ASEAN 2020 took place safely and successfully, joined by nearly 6,000 runners competing at the offline race in Hanoi.
Vietnamese banks take cautious approach to foreign ownership limit

Vietnamese banks take cautious approach to foreign ownership limit

Vietnamese banks assets are taking different approaches to their foreign ownership limit to counter the effects of the pandemic.
Banks bet on consumer credit growth

Banks bet on consumer credit growth

Credit institutions are being encouraged to implement consumer credit packages and preferential rates as an effective way to stimulate spending sprees and help the domestic economy tide over the storm.
IFC loans to VPBank and OCB to boost finance for local businesses

IFC loans to VPBank and OCB to boost finance for local businesses

The IFC is providing $140 million in loans to VPBank and OCB to local businesses with disrupted cash flows sustain operations and maintain employment.
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