18 commercial banks allowed to lend more

18 commercial banks allowed to lend more

Eighteen commercial banks that account for 80% of the Vietnamese banking system's credit have had their credit growth cap for this year lifted by the central bank.

Banking - Thu, September 22, 2022 | 8:29 am GTM+7

Vietnam increases central rate, dollar hits record high

Vietnam increases central rate, dollar hits record high

The dollar climbed to an all-time high against the dong after Vietnam increased its central rate to VND23,301 Tuesday amidst concerns over expected interest hikes by the U.S. Federal Reserve.

Banking & Finance - Tue, September 20, 2022 | 7:54 pm GTM+7

Central bank to maintain 14% credit growth cap

Central bank to maintain 14% credit growth cap

The State Bank of Vietnam will maintain the banking system's credit growth cap for this year at 14% because lifting it would impact industry liquidity and interest rates, says its deputy governor.

Banking - Sun, September 18, 2022 | 9:58 pm GTM+7

SMBC representative leaves Eximbank board of directors

SMBC representative leaves Eximbank board of directors

The representative of major shareholder Sumitomo Mitsui Banking Corporation (SMBC) in Eximbank, Vo Quang Hien, is no longer a member of its board of directors, starting Wednesday.

Banking - Fri, September 16, 2022 | 2:58 pm GTM+7

Shinhan Bank makes tax payment easy via eTax Mobile app

Shinhan Bank makes tax payment easy via eTax Mobile app

Shinhan Bank Vietnam has worked with the General Department of Taxation to launch a personal electronic tax and fee payment service via the eTax Mobile app that can work on both IOS and Android operating systems.

Banking - Wed, September 14, 2022 | 11:27 am GTM+7

Vietnam interbank lending rates hit 10-year high

Vietnam interbank lending rates hit 10-year high

Interbank lending interest rates in Vietnam have reached a 10-year peak, following the State Bank’s moves to stabilize the USD/VND exchange rate.

Banking - Fri, September 9, 2022 | 4:44 pm GTM+7

Vietnamese lender Eximbank CEO re-appointed

Vietnamese lender Eximbank CEO re-appointed

Ho Chi Minh City-based Eximbank, with Japan’s Sumitomo Mitsui Banking Corp. as major shareholder, has re-appointed Tran Tan Loc its CEO for another three years.

Banking - Fri, September 9, 2022 | 11:39 am GTM+7

Dollar in Vietnam hits 2.5-year high

Dollar in Vietnam hits 2.5-year high

The dollar has notched a two-year peak against the Vietnamese dong, following the country’s increasing central rates.

Banking - Thu, September 8, 2022 | 4:16 pm GTM+7

Banks see credit growth limit extended

Banks see credit growth limit extended

Some commercial banks have seen their credit growth cap lifted for this year, the State Bank of Vietnam announced Wednesday.

Banking - Wed, September 7, 2022 | 10:09 pm GTM+7

Foreign banks conduct aggressive expansion in Vietnam

Foreign banks conduct aggressive expansion in Vietnam

Overseas banking groups have accelerated their pace of expansion in Vietnam, where the marketplace and growing young population are driving its economy.

Banking - Tue, September 6, 2022 | 3:33 pm GTM+7

Viettel Group unit scores $17 mln green loan for data center

Viettel Group unit scores $17 mln green loan for data center

Information technology infrastructure developer Viettel IDC has secured a loan facility of VND400 billion ($17 million) from HSBC Vietnam to build a data center in Hanoi.

Banking - Wed, August 31, 2022 | 2:49 pm GTM+7

Nguyen Duc Vinh reappointed VPBank general director

Nguyen Duc Vinh reappointed VPBank general director

Nguyen Duc Vinh who was selected as general director of VPBank in 2012 has been reappointed for the third five-year term until 2027.

Banking - Wed, August 24, 2022 | 3:32 pm GTM+7

Central bank’s two-pronged attack stabilizes money market

Central bank’s two-pronged attack stabilizes money market

The State Bank of Vietnam has kept selling U.S. dollars to keep the domestic forex market stable while issuing bills in Vietnamese dong to ease pressures on the banking system.

Banking - Wed, August 24, 2022 | 9:02 am GTM+7

Shinhan Bank Vietnam launches 'account receivable loan'

Shinhan Bank Vietnam launches 'account receivable loan'

Shinhan Bank Vietnam has officially launched Account Receivable Loan - a new product for small and medium-sized enterprises (SMEs) with a loan repayment period of up to 180 days.

Banking - Tue, August 23, 2022 | 8:04 pm GTM+7

Dollar uptrend maintains momentum in Vietnam

Dollar uptrend maintains momentum in Vietnam

The Vietnamese currency has been falling against the U.S. dollar as the greenback is strengthening globally.

Banking - Tue, August 23, 2022 | 3:34 pm GTM+7

Shinhan Bank Vietnam launches digital consumer loan on mobile app

Shinhan Bank Vietnam launches digital consumer loan on mobile app

Shinhan Bank Vietnam has officially launched its first fully digitalized consumer loan on the Mobile Banking SOL application, with a loan of up to VND24 million ($1,026) and an attractive fixed interest rate of 26% per year based on the lowering principal balance.

Banking - Mon, August 15, 2022 | 8:52 am GTM+7

Dollar down to monthly lowest in Vietnam

Dollar down to monthly lowest in Vietnam

U.S. dollar prices on the unofficial market in Vietnam have dropped to below VND24,000, the lowest in a month.

Banking - Wed, August 10, 2022 | 10:21 pm GTM+7

REE acquires $38.5 mln HSBC bank green loan for LEED-certified building

REE acquires $38.5 mln HSBC bank green loan for LEED-certified building

Vietnam's leading multi-business corporation REE has secured a green loan of VND900 billion ($38.5 million) from HSBC Bank Vietnam to complete its E-Town 6 building in Ho Chi Minh City.

Banking - Wed, August 10, 2022 | 5:22 pm GTM+7

Thailand’s Kasikornbank opens first branch in HCMC

Thailand’s Kasikornbank opens first branch in HCMC

Thailand’s Kasikornbank opened Friday a branch in Ho Chi Minh City, aiming to have 1.2 million clients and disburse over $500 million in Vietnam before 2023.

Banking - Sat, August 6, 2022 | 11:02 pm GTM+7