Airline industry at breaking point as virus strikes again
-
HDBank wins IR Award for Individual Investors’ Best Choice
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) received the Financial Large Cap Individual Investors’ Best Choice award at the 2024 IR Awards ceremony held in HCM City on Tuesday.
-
Government proposes VNĐ20.6 trillion boost for Vietcombank to enhance financial capacity
The Government has proposed the National Assembly (NA) to consider pumping an addition of VNĐ20.695 trillion (US$842.8 million) worth of State capital into the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to improve its financial capacity for expanding international reach and for it to become one of Asia’s 100 largest banks.
-
Many banks stop transactions of ATM magnetic cards
Many banks have recently announced they are stopping transactions of domestic automated teller machine (ATM) cards with magnetic strips, to ensure security for customers in the context of increasing cyber crimes.
-
MUFG Bank Vietnam and Zeroboard forge partnership in support of decarbonisation management
On September 17, 2024, MUFG Bank Vietnam entered an MoU with Zeroboard Inc., a Japanese tech startup that helps companies calculate and visualise their greenhouse gas emissions across operations and supply chains.
-
Financial transparency to resolve lending bottlenecks
Amendments to the Independent Auditing Law by the Ministry of Finance are poised to create more transparency in financial reports, helping to attract more foreign investors to Vietnamese businesses and alleviate the lending burden on banks.
-
SBV always creates favorable conditions for the development of joint stock commercial banks
On September 21, 2024, at the meeting between the Government’s Standing Committee with the joint stock commercial banks on possible solutions to boost the socio-economic development, Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) affirmed that the SBV always creates favorable conditions for the development of businesses in general, including joint stock commercial banks in particular.
-
Urgently implement measures to support people and enterprises affected by Typhoon Yagi
On September 18, 2024, in Hanoi, Deputy Governor Dao Minh Tu of the State Bank of Vietnam (SBV) chaired a meeting with the credit institutions to discuss and agree on the urgent implementation of measures to support the people and enterprises affected by Typhoon Yagi (also referred to as Typhoon 3 of 2024).
-
Core inflation in eight months of 2024 increases by 2.71%
According to the General Statistics Office of Vietnam (GSO), the consumer price indices of the commodities and services in August 2024 experienced both ups and downs, in which the price indices of the groups of food and foodstuff, rental housing increased as compared to those of July 2024, while the domestic fuel prices decreased in line with the declining international oil prices. In general, the consumer price index (CPI) in August 2024 was stable as compared to that of the previous month.
-
Banks discuss measures to support typhoon-affected customers
Figures from credit institutions and branches of foreign banks in affected localities as of Tuesday, showed that around 73,000 customers were affected with a total outstanding loan of VND94 trillion.
-
Banks required to list suspect accounts for better supervision
Commercial banks must provide information on accounts that show possible signs of fraud, swindling, or law violations at the State Bank of Vietnam (SBV) 's request every month.