News
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.
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VAMC to auction bad debts starting at nearly $10 mln
VAMC has purchased the bad debts of Sacombank related to Phúc An Khang International Hospital and Bình Dương Construction Stone.
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Banks ramp up sale of real estate collateral to recover bad debts
Many banks have recently rushed to put up real estate collateral for sale to recover bad debts, but they are finding it difficult to sell the assets despite reducing prices.
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BAOVIET Bank ends Visa credit cards services, shifts to domestic cards
BAOVIET Bank has announced that it will cease offering its international Visa credit cards from September 15.
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ADB again recognises HDBank as leading partner bank in Việt Nam, expands trade finance tie-up
The Hồ Chí Minh City Development Bank (HDBank -sticker: HDB) was once again honoured as the “Leading Partner Bank in Vietnam” by the Asian Development Bank at an award ceremony for the Trade and Supply Chain Finance Program in Singapore on September 3.
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Banks sharpen focus on scale-up of sustainability
Banks have demonstrated their determination to achieve sustainability in Vietnam by partnering with regional lenders and global investors, emphasising green finance and rigorous due diligence.
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Techcombank scoops three prestigious awards by Asian Banking & Finance magazine
Hanoi-headquartered Techcombank has won three prestigious awards from financial publication Asian Banking & Finance.
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Bad debts remained a challenge for banks in H1
Banks' non-performing loans continued to grow in the first half of this year, with some banks even witnessing double-digit growth, whereas their loan loss reserve ratio trended downwards.
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Banks limits foreign room, waiting for strategic buyers
Commercial banks have been holding back on increasing their foreign ownership ratio, or foreign room, to wait for suitable strategic buyers in the future, according to industry leaders and insiders.
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Looking for partners to access the security of Internet Banking system
Nam A Commercial Joint Stock Bank (Nam A Bank) invites qualified, capable and experienced contractors to participate in competitive bidding to evaluate the security of the bank's Internet Banking system.
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Larger lenders in good growth stead
Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.
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Top 10 reputable commercial banks for 2024 unveiled
The Vietnam Report JSC on June 10 unveiled its annual list of Việt Nam’s Top 10 Reputable Commercial Banks for 2024.
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Techcombank receives green light to double charter capital
The State Securities Commission (SSC) has recently approved Techcombank to double its charter capital.
