Advertisements United Overseas Bank (UOB) continues to deepen its presence in Vietnam with the opening of its Hanoi branch on Thursday (Aug 22) – the bank’s first beyond Ho Chi Minh City. The expansion comes a year after the incorporation of UOB’s fully-owned subsidiary in Vietnam, reflecting the bank’s commitment to providing its financial servicesContinue reading “UOB Vietnam expands to Hanoi”
Category Archives: Finance
Neither insurance nor assurance: Vietnamese agriculture left in the lurch
Advertisements Storms, floods, other disasters are not uncommon, but Vietnamese farmers can only lament: “Perhaps it’s just God’s plan.” Vietnam suffered nine storms that killed 200 people and caused losses of more than VND20 trillion ($860 million) last year. Data from the Food and Agriculture Organization show that the bird flu epidemic has claimed 1.8Continue reading “Neither insurance nor assurance: Vietnamese agriculture left in the lurch”
Banks raise certificates of deposit rates to more than 10%
Advertisements Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 per cent per year with the aim of mobilising long-term capital. Bản Việt Bank recently announced it was issuing long-term CDs with record high interest rates. Specifically, an interest rate of 10.2 per cent per year isContinue reading “Banks raise certificates of deposit rates to more than 10%”
Shinhan Bank opens 4 new branches
Advertisements New branches structured for operations as a multi-function bank. Shinhan Bank Vietnam recently opened four new branches and transaction offices in Hanoi, Da Nang, Hai Phong, and Binh Duong. The Da Nang branch is Shinhan Bank’s first in the central region, after focusing on the country’s north and south. The openings complete its goalContinue reading “Shinhan Bank opens 4 new branches”
Shinhan Bank opens four additional branches in Vietnam
Advertisements Shinhan Bank has become the largest foreign bank operating in Vietnam by setting up 36 branches across the country. Shinhan Bank announced on Aug. 16 that its subsidiary in Vietnam has opened four additional branches in Vietnam, one each in Da Nang, Hanoi, Haiphong and Binh Duong Province. Business Korea News Portal reports. Related:Continue reading “Shinhan Bank opens four additional branches in Vietnam”
Millions of Home Credit’s Consumers Can Enjoy New Price Comparison & Aggregate Feature
Advertisements Home Credit Vietnam collaborates with iPrice Group to provide millions of consumers a new eCommerce price comparison & products aggregating feature on its mobile application The partnership is an extension of the original cooperation first established with Home Credit Indonesia in 2018 and aims to introduce a comprehensive shopping experience in finding the bestContinue reading “Millions of Home Credit’s Consumers Can Enjoy New Price Comparison & Aggregate Feature”
Chase Bank forgives all outstanding credit card debt for customers in Canada
Advertisements Canadians who owed money on their credit cards with Chase Bank have a little less debt on their plate after the company recently forgave all outstanding balances as it exited the Canadian credit card market. The bank, that is part of JPMorgan Chase & Co., canceled all accounts relating to two Canadian credit cards:Continue reading “Chase Bank forgives all outstanding credit card debt for customers in Canada”
VN stocks fall on poor global economy prospects
Advertisements Vietnamese shares traded in negative territory on Thursday morning as worries about the downtrend of the global economy hit local market sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.37 per cent to close at 965.36 points. The VN-Index was up 0.22 per cent on Wednesday. More than 88 millionContinue reading “VN stocks fall on poor global economy prospects”
VN stocks up, market outlook remains gloomy
Advertisements Vietnamese shares finished Wednesday on a positive note but growth narrowed at the end of the session as investors stayed alert and tried to keep away from potential risks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.22 per cent to close at 968.91 points. The VN-Index fell 0.87 perContinue reading “VN stocks up, market outlook remains gloomy”
Executive interview: TPBank’s CEO and the key to a successful digital transformation
Advertisements Almost every advancement forward in the banking industry today is technology-based. Most analyses of banking trends do focus on what technology will bring to the banking industry. Most financial institutions in Vietnam understand the major trends that are impacting the banking industry as well as what needs to be done to respond to thoseContinue reading “Executive interview: TPBank’s CEO and the key to a successful digital transformation”
Standard Chartered: Vietnam to again stand out in ASEAN
Advertisements Bank releases Global Focus – Economic Outlook report for Q3 2019. Standard Chartered has forecast that Vietnam will remain the fastest-growing ASEAN economy in the near term, with 2019 growth projected at 6.9 per cent. The FDI-driven manufacturing sector, which is poised for a fourth consecutive year of double-digit growth, will continue to beContinue reading “Standard Chartered: Vietnam to again stand out in ASEAN”
VN stocks up, trade war still worries investors
Advertisements Vietnamese shares made slight gains on Monday morning while investors remained cautious amid the uncertainty of global markets. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.15 per cent to close at 975.78 points. The VN-Index lost total 1.69 per cent last week. More than 96 million shares were traded onContinue reading “VN stocks up, trade war still worries investors”
F88 issues US$4.3 million corporate bonds
Advertisements F88 has successfully issued corporate bonds totaling VND100 billion ($4.3 million) after just two weeks of being offered. The non-convertible bonds have a term of two years, a fixed interest rate, and are paid in Vietnam dong (VND). Buyers were primarily reputable large domestic institutions and some individual investors. VNEeconomictimes reports. The bond issuanceContinue reading “F88 issues US$4.3 million corporate bonds”
Many Vietnam’s banks achieved half year’s profit target
Advertisements Twelve out of the 25 commercial banks in Vietnam have announced half-year financial reports achieved more than 50 per cent of the annual profit target within the first half of this year. They are Vietcombank, VIB, TPBank, Sacombank, VietinBank, ACB, SHB, LienVietPostBank, NamABank, SeABank, VietBank, and Saigonbank. VOV reports. In total, the 25 banksContinue reading “Many Vietnam’s banks achieved half year’s profit target”
Foreign investors dumped Vietnam and Asian equities
Advertisements REUTERS – From Vietnam to Taiwan, foreign investors offload Asian equities in the first six days of August after two months of buying, as the US ramped up pressure on China with a $300 billion trade barrage last week. Overseas investors sold about $4.5 billion of regional equities during the period, data from stockContinue reading “Foreign investors dumped Vietnam and Asian equities”