Advertisements Vietnam among top 20 in supportive entrepreneurial conditions for women, according to Mastercard index. Vietnam has been listed among the Top 20 global markets for its conduciveness to female entrepreneurship, in the third edition of the Mastercard Index of Women Entrepreneurs report, which celebrates the markets where women entrepreneurs are most likely to thriveContinue reading “Vietnam ranks well in Mastercard’s Women Entrepreneurs Index 2019”
Tag Archives: banking
Central bank continues to tighten screws on property companies
Advertisements Vietnam’s central bank plans to gradually reduce the rate of short-term deposits used for medium- and long-term loans, which go mostly to property companies. The proportion will be reduced from the current 60 percent to 40 percent on January 1 next year, according to the State Bank of Vietnam (SBV). It will be reducedContinue reading “Central bank continues to tighten screws on property companies”
Hà Nội jails seven in bank fraud case
Advertisements Seven people involved in a bank loan fraud were sentenced to prison by a court in Hà Nội on Thursday. Bùi Kiên Dũng, former director of Minh Phương Joint Stock Company, was sentenced to 18 years in prison. Others accused were sentenced to 13-17 years in prison, including An Thị Hương Giang, former directorContinue reading “Hà Nội jails seven in bank fraud case”
Vietnam finance and banking industry embracing digital transformation
Advertisements Vietnamese banks and financial institutes must be ready for a digital transformation. Policymakers and experts said at a workshop organized in ‘s capital of Hanoi yesterday. Digital technologies have had a strong impact on the country’s economy and nowhere that impact has been more strongly felt like in the banking and finance sector. TechnologiesContinue reading “Vietnam finance and banking industry embracing digital transformation”
Europe firms may purchase 49% in local banks
Advertisements The Vietnamese Government may allow European financial firms to buy up to 49 per cent of only two local commercial banks, Nguyễn Thị Thu Trang, Director of the WTO Integration Centre at the Vietnam Chamber of Commerce and Industry, said on Wednesday. The offer will be valid for five years after the Europe-Viet NamContinue reading “Europe firms may purchase 49% in local banks”
Vietnamese banks issue more international bonds this year
Advertisements Commercial banks are issuing international bonds because they need foreign currencies to satisfy dollar capital demand. SeABank said it is collecting shareholders’ opinions about the plan to issue $400 million worth of bonds in the international market this year. These are inconvertible bonds, with no mortgaged assets and warranty, with a maturity term ofContinue reading “Vietnamese banks issue more international bonds this year”
Five countries in South Asia and SEA with the best prospects for online micro consumer lending
Advertisements According to the analysts of the financial holding Robocash Group who made a corporate ranking of countries in South and Southeast Asia, Laos, India, the Philippines, Myanmar and Vietnam have the highest prospects for the development of online micro consumer lending. The highest score in the ranking (20) belongs to Laos. It combines aContinue reading “Five countries in South Asia and SEA with the best prospects for online micro consumer lending”
Asiamoney names Standard Chartered ‘Best International Bank in Vietnam’
Advertisements Bank picks up Asiamoney award for second consecutive year. Leveraging the strength of Standard Chartered’s broad international network and in-depth local knowledge, the bank continues to contribute to Vietnam’s economic development. It works with the government, regulators, investors, businesses, and employees to support economic growth by attracting FDI, supporting Vietnam’s participation in global andContinue reading “Asiamoney names Standard Chartered ‘Best International Bank in Vietnam’”
Vietcombank given green light to open Australia branch
Advertisements Vietcombank, one of Vietnam’s ‘Big Four’ state-run commercial banks, could open for business in Sydney within the next 24 months after receiving approval from the central bank on Wednesday. The branch, named Joint Stock Commercial Bank for Foreign Trade of Vietnam – Australia Branch, has a registered capital of AUD71 million (US$47.9 million). VietcombankContinue reading “Vietcombank given green light to open Australia branch”
Vietnam’s credit growth has expanded by 8.4 percent
Advertisements Vietnam’s credit growth has expanded by 8.4 percent from the end of 2018 so far this year. According to latest report by the General Statistics Office (GSO), the gain was slower than last year’s figure when credit rose 9.52 percent. Vietnam News Agency reports. Capital mobilized by banks was also moderate, rising by 8.68Continue reading “Vietnam’s credit growth has expanded by 8.4 percent”
Realty, banking drives VN-Index up
Advertisements Vietnamese shares ended Tuesday morning on a positive note, driven by banking and real estate companies. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.39 per cent to close at 989.57 points after falling 0.47 per cent on Monday. More than 82 million shares were traded on the southern bourse, worthContinue reading “Realty, banking drives VN-Index up”
Driving growth through innovation of Vietnam’s banking, finance and FinTech industry
Advertisements An exclusive luncheon roundtable hosted by EY invited more than a dozen leaders of Vietnam’s banking, finance and FinTech industry to partake in a discussion regarding developments in the sector and how competing interests can be aligned to drive future growth. The discussion uncovered key takeaways including finding synergies between legacy financial institutions andContinue reading “Driving growth through innovation of Vietnam’s banking, finance and FinTech industry”
Alliex – South Korean firm invests $700 million to build cashless payment across Vietnam
Advertisements Alliex plans to install a total of 600,000 shared POS devices in Vietnam over the next five years, its director Park Byounggun told Deputy Prime Minister Vuong Dinh Hue at a meeting on Friday. According to a report by Hùng Le on VNExpress, the company, along with local partners, will build and operate this sharedContinue reading “Alliex – South Korean firm invests $700 million to build cashless payment across Vietnam”
Reimagining the customer journey at financial institutions
Advertisements A panel of payments experts discuss what banks can learn from ‘big tech’ and how they can leverage new technology and better engage with their clients to enable their success in a rapidly evolving business environment. Regulatory changes and technology innovations are driving change – not only at financial institutions, but also among theirContinue reading “Reimagining the customer journey at financial institutions”
Woori Bank approved to open five branches in Vietnam
Advertisements The State Bank of Vietnam (SBV) has approved the eligibility of the Republic of Korea’s Woori Bank to establish five branches in Vietnam. They will include Hoan Kiem branch, Vinh Phuc branch, Da Nang branch, Bien Hoa branch and Sai Gon branch. The SBV requires Woori Bank to carry out the procedures for openingContinue reading “Woori Bank approved to open five branches in Vietnam”