Founder of Vietnam’s ACB bank passes away

Founder of Vietnam’s ACB bank passes away

Asia Commercial Bank founder Tran Mong Hung, father of the current chairman Tran Hung Huy, passed away Thursday. He was 72.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ

Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ

Fitch Ratings has upgraded the long-term foreign-currency issuer default rating (IDR) of six banks in Vietnam to ‘BB+,’ one to ‘BB,’ and one unchanged at ‘BB-,’ the rating agency announced Wednesday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Positive outlook for Vietnamese banks, GDP growth over 6% in 2024: Fitch

Positive outlook for Vietnamese banks, GDP growth over 6% in 2024: Fitch

Vietnamese banks are set to enjoy a favorable business environment over the next few years in tandem with a strengthening economy, a Fitch Ratings report says.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Six lenders join Apple Pay launch in Vietnam

Six lenders join Apple Pay launch in Vietnam

Six Vietnamese banks have joined the Vietnam list of lenders supporting Apple Pay of Apple as the American tech giant launched the payment service in the country on Tuesday.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Six Vietnam commercial banks to raise their charter capital

Six Vietnam commercial banks to raise their charter capital

Six Vietnamese commercial banks, namely ACB, SHB, LPBank, NCB, Vietcombank, and Agribank, are poised to increase their charter capital, aiming to augment their financial capacity and become more competitive.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

ACB bank set to invest more in digital banking, corporate lending

ACB bank set to invest more in digital banking, corporate lending

Vietnam’s Asia Commercial Joint Stock Bank (ACB) is planning to focus more on major corporate clients and digital banking, its CEO Tu Tien Phat said on Thursday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

ACB posts $435 mln net profit in 9 months

ACB posts $435 mln net profit in 9 months

The Asia Commercial Bank (ACB) earned after-tax profits of VND10,818 billion ($435.4 million) in the first nine months of the year, up 51% year-on-year.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

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