News
Banks show positive results during third quarter
Techcombank announced that pre-tax profit in the first nine months of this year reached VNĐ22.8 trillion, up 33.5 per cent over the same period last year.
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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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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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Individual customers' bank savings hit record high
Individual customers' banking deposits hit a record high of more than VNĐ6.83 quadrillion as of the end of July 2024, newly released data from the State Bank of Vietnam (SBV) shows.
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Banks conducting massive bond issuances
Besides attracting deposits to meet the heightened credit demand at the end of the year, banks are racing to issue bonds to replenish capital sources.
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Vikki Digital Bank claims innovation title at Better Choice Awards
At the Vietnam Innovation Challenge 2024 on October 2, Vikki Digital Bank made its Hanoi debut and proudly received an award for its innovation in the finance and banking sector as part of the Better Choice Awards.
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27th Euro Finance Week
The 27th Euro Finance Week is one of the largest and most prestigious financial events in Europe, taking place annually in November in Frankfurt, Germany.
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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.
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Vietnamese banks aim to become among top 100 in Asia
Credit capacity, low interest rates, and comprehensive digital transformation are key areas that Vietnam's commercial banking system must focus on to break into Asia's top 100 banks.
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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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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.
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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.
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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.
