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Year-end credit growth driven by industrial sector
The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.
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Vietnam Banks Association's working visit to Japan
On October 17-19, 2024, the Vietnam Banks Association (VNBA) paid a working visit to Japan. Vice President cum General Secretary Nguyen Quoc Hung led the VNBA delegation, including representatives of member organizations VietinBank, OceanBank, VDB, EVNFinance and MUFG Bank.
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Vietnam Banks Association’s visit to Korea
On October 14-16, 2024, the Vietnam Banks Association (VNBA) visited and had working sessions in Korea. Vice President cum General Secretary Nguyen Quoc Hung led the delegation.
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VIB becomes first bank to launch online credit card issuance via VNeID
VIB has become the first bank to utilise information from an electronic identification and authentication system (VNeID) to issue credit cards online starting from October 17, 2024.
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Mandatory transfers announced for CB, OceanBank
In a move to restructure the credit institution system and tackle bad debts, the State Bank of Viẹt Nam (SBV) has announced the mandatory transfer of two major banks.
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Pay services can be smart city backbone
Hanoi’s smart city progress, led by advanced payment integration, shows promise but still faces key regulatory and security challenges that need resolution for full success.
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SBV conducts synchronous measures to enable businesses and people to access bank credit resources
On October 17, 2024, in Hanoi, the State Bank of Vietnam (SBV) organized a Press Conference under the chair of First Deputy Governor Dao Minh Tu to disseminate the results of the monetary policy management and the banking operations in the third quarter of 2024.
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Eximbank denies system risk rumours, confirms stable operations
The bank stated that it has requested the relevant authorities to investigate and clarify the motives behind the dissemination of this document to safeguard the legitimate rights and interests of the bank, its customers, shareholders and partners.
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State Bank of Vietnam to inspect banks, gold trading enterprises
The inspection is part of the efforts to narrow the gap between international and domestic gold prices.
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Mastercard and NAPAS jointly announce the first co-badged card in Việt Nam
Mastercard, a global technology company in the payments industry, along with the National Payment Corporation of Việt Nam (NAPAS) and nine banks, has announced a Memorandum of Understanding (MoU) to introduce the first NAPAS – Mastercard co-badged card in Việt Nam.
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Acquisitions to help boost restructuring of weak banks
Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
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Techcombank to launch new non-life insurance company
Techcom Non-Life Insurance Joint Stock Company (TCGIns) has received approval from the Ministry of Finance and is scheduled to begin operations in early November.
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HCM City banks, businesses enhance connection for loans
HCM City’s programme to link banks and businesses to enable lending to the latter has greatly assisted them with accessing preferential credit and promoted lending growth, according to the State Bank of Vietnam.
