All Category
BIDV among top 10 prestigious Vietnamese banks
On 4 August 2023 in Hanoi, Vietnam Report Joint Stock Company (Vietnam Report) held a ceremony to announce Top 10 prestigious Vietnamese banks in 2023. BIDV was named one of 10 most prestigious companies in Vietnam’s banking and insurance sector.
-
Vietnam’s Banking Execs Call for Open Banking Framework
In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution.
-
Fintech a promising industry in Việt Nam: insiders
The market is expected to reach US$18 billion by 2024 with a high level of competition.
-
Mcredit’s representatives presented at World Financial innovation 2023
On April 2023, two representatives of Mcredit: Mr. Nguyen Manh Khang (Deputy CEO, CIO) and Ms. Nguyen Thanh Hang (Head of CX) attended World Financial Innovation (WFI) event in Hanoi.
-
Vietnam - Russia joint venture bank announcement on organization of asset auction
Vietnam - Russia Joint Venture Bank (VRB) is pleased to announce the selection of an asset auction organization as follows:
-
Digital payment systems have massive growth potential: Fintech Club Viet Nam leader
Nguyễn Đăng Hùng, head of the Fintech Club Việt Nam under the Viet Nam Banks Association, speaks to the Vietnam News Agency about this development.
-
Banks lower deposit interest rates
Banks have lowered deposit rates by 0.4-1.1 percentage points, but the rates have remained relatively high across the board.
-
Home Credit becomes member of Vietnam Bank Card Association
Home Credit Vietnam has joined the VBCA under the VNBA, marking a milestone in the development of the digital consumer financier in Vietnam’s financial market.
-
Insiders call for revision to draft on e-transactions
Lawmakers are gathering comments on a draft amending the Law on E-Transactions, and insiders comment that the draft needs revisions to be more practical.
-
Shinhan Bank Vietnam Appoints New Chief Executive Officer
Shinhan Bank Vietnam Limited (“Shinhan Bank”) has officially announced the appointment of Mr. Kang Gew Won to take the role of the bank’s Chief Executive Officer.
-
Effective delivery of preferential loans needed for firms
A clear mechanism is essential to ensuring a preferential credit package will benefit pandemic-hit firms and contribute to economic recovery.
-
Banks still perform well amid pandemic-caused difficulties
Banks’ pre-tax profits this year will remain relatively positive but are yet to be sustainable as banks haven’t set up contingency reserves for restructured debts.
