banking - các bài viết về banking, tin tức banking

Banking, securities stocks lead Vietnam market surge

The Vietnamese stock market witnessed an explosive week-ending trading session in terms of score and liquidity on the back of strong rallies by banking and securities stocks.

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

More banking activities can boost India-Vietnam ties: envoy

Increased banking activities would enhance economic, investment and trade ties between Vietnam and India, Indian ambassador Sandeep Arya said Friday at the Business Meet on India-Vietnam Business and Banking Services.

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

Nghe An province invites US investments in semiconductor, electronics

Nghe An, Vietnam's largest province, has called on American businesses to invest in the prioritized industries of semiconductors, electronics, manufacturing, materials and banking-finance.

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

Fitch affirms Standard Chartered Vietnam 'BB' rating, outlook positive

Fitch Ratings has affirmed Standard Chartered Bank Vietnam a long-term foreign currency issuer default rating (IDR) at 'BB' and its long-term local currency IDR at 'BBB-' while the outlook is positive.

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

Success is doing what we want: coconut shell charcoal firm CEO

Success is not about achieving clear, quantitative goals, but doing what we want in line with our abilities, said Nguyen Cam Hang, CEO of Highlandbp, a coconut shell charcoal producer in the southern province of Binh Phuoc.

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

PGBank appoints new CEO ahead of meet heralding far-reaching changes

PG Bank’s board of directors has appointed Pham Manh Thang as the Vietnamese lender’s new CEO ahead of its extraordinary general meeting next month that’s expected to usher in major changes.

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

Early birds: Vietcombank, BIDV offer loans to repay debts with other banks

Two state-owned banks, Vietcombank and BIDV, are early birds taking advantage of loosened regulations to help businesses and individuals repay their debts with other banks.

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

Vietnam PM urges Indonesia firms to invest more in banking, finance, green growth

Vietnam is always happy to welcome Indonesian firms investing in the country’s banking, finance, green growth, property, and agriculture sectors, Prime Minister Pham Minh Chinh said on Tuesday.

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

Deposit interest rates below 7% at foreign banks in Vietnam

While Vietnamese commercial banks reduced their deposit interest rates to below 8% recently, the rates were already lower at foreign counterparts in the country at below 7%.

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

Techcombank spearheads financial innovation, deepens regional footprint

Vietnam’s leading private lender Techcombank is spearheading financial innovation by fostering strategic partnerships, embracing digital transformation and prioritizing talent acquisition.

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

Lawmakers want stronger measures to curb cross ownership in banks

National Assembly members have suggested that the government should take radical measures to restrain cross-ownership in the country’s banking sector to ensure a healthy system.

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

No VAT reduction for telecom, banking, securities, real estate, insurance sectors

The Vietnamese government on Wednesday proposed to the legislature a 2-percentage-point reduction in value added tax (VAT) for goods and services, except for those in the telecom, real estate, securities, insurance and banking sectors.

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

Vietnamese lawmakers say 'no' to VAT reduction for real estate, banking sectors

The Standing Committee of the National Assembly, Vietnam's legislative body, has disagreed with the government's proposal to reduce value added tax (VAT) for the banking, securities, real estate, and insurance sectors.

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

Public Bank Vietnam earns $20 mln post-tax profit in 2022

Public Bank Vietnam Limited, a wholly-owned subsidiary of Malaysia’s Public Bank Berhad, earned a post-tax profit of VND462.78 billion ($19.72 million) in 2022, up 21.99% year-on-year, according to its financial statement.

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

Military Bank profit grows 10% in Q1 on provision reduction

The Military Commercial Bank (MBBank) recorded a post-tax profit of VND5.21 trillion ($221.8 million) in the first quarter of 2023, up 10.14% year-on-year, as risk provisions dropped on the decline of most business segments.

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

Thailand's Siam Commercial Bank posts 2022 profit of $3 mln in Vietnam

The Ho Chi Minh City branch of Siam Commercial Bank, the only Vietnamese branch of the Thai bank, recorded a post-tax profit of $2.92 million in 2022, nearly quadruple year-on-year.

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

VietinBank looks to 15% profit growth in 2023

VietinBank, one of the “Big 4” banks in Vietnam, targets profit growth of 10-15% year-on-year in 2023, said its chairman Tran Binh Minh.

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

CIMB Bank Vietnam reports $9.3 mln post-tax loss in 2022

CIMB Bank Vietnam, part of Malaysia-headquartered CIMB bank, recorded a post-tax loss of VND271.78 billion ($9.27 million) last year, worse than the VND209.93 billion ($8.93 million) in 2021, according to the bank’s financial statements.

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

HSBC Vietnam records $157 mln post-tax profit in 2022

HSBC Bank (Vietnam) Ltd. posted a post-tax profit of VND3.7 trillion ($157 million) in 2022, tripling year-on-year, according to the bank’s financial statements.

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

Shinhan Bank Vietnam records $158 mln post-tax profit in 2022

Shinhan Bank Vietnam, wholly-owned by South Korea’s Shinhan Bank, earned a post-tax profit of VND3.71 trillion ($158.03 million) last year, up 46.6% year-on-year, according to the bank’s audited financial statement.

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

ABBank powers up banking transformation with Dutch firm Backbase’s solution

Backbase, a global leader in engagement banking, launched its partnership with ABBank Thursday to help the Vietnamese lender speed up its banking transformation with a platform by the Dutch technology firm.

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

Vietnam central bank switches to back economic growth: ADB

The State Bank of Vietnam has been managing well, especially with recent interest rate cuts, indicating the country has moved on from taming inflation to backing economic growth, said Asian Development Bank (ADB) chief economist for Vietnam Nguyen Minh Cuong.

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

Singapore's UOB posts core 2022 operating profit of $13 mln in Vietnam

Singapore-headquartered United Overseas Bank (UOB) posted a core operating profit of S$17 million ($12.75 million) from activities in Vietnam in 2022, quadruple that in 2021 of S$4 million.

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

SMBC acquires 15% stake in Vietnam’s VPBank for $1.5 bln

Vietnamese lender VPBank signed a deal on Monday to sell a 15% stake to Japan’s Sumitomo Mitsui Banking Corp. (SMBC) for about $1.5 billion through a private placement.

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

Little 'Silicon Valley Bank risk' in Vietnam

VinaCapital’s chief economist Michael Kokalari explains why there is no substantial risk to Vietnam’s stock market and economy from the current U.S. banking crisis, thus maintaining the group’s forecast of a 6% growth rate for Vietnam this year, unchanged from its prior prediction.

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

VN-Index inches down over U.S. bank collapse

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), dropped 0.2 points, or 0.02%, to close at 1,052.8 on Monday on negative information from the collapse of two U.S. banks.

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

IFC-backed SeABank seeks to sell shares to foreign investors

Vietnam’s SeABank, in which International Finance Corporation (IFC) has invested almost $400 million, will collect shareholders' opinions on approving its planned private placement of shares to foreign investors.

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

UOB completes acquisition of Citigroup’s consumer banking in Vietnam

Singapore bank UOB said Wednesday it has finished the acquisition of Citigroup’s consumer banking business in Vietnam, which includes the transfer of about 575 Citigroup-related staff members to UOB Vietnam.

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

Cultural due diligence critical to nurturing foreign bank 'marriages'

A number of foreign banks "married" Vietnamese banks with strategic ownership stakes about two decades ago, but many of these partnerships ended in "divorce". The Investor talks with Andreas Stoffers, country director of Friedrich Naumann Foundation Vietnam and former member of Deutsche Bank Vietnam's management board, about tips to nurtue relations.

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

Moody’s changes Vietnam banking outlook to ‘stable’ amid realty headwinds

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