News
Eximbank proposes foreign ownership cap below 6% for strategic investors
According to Eximbank, the foreign ownership limit aims to stabilise the shareholder structure while creating room for future strategic investors.
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IFC proposes $60 million global trade finance for Maritime Bank
The International Finance Corporation (IFC), a member of the World Bank Group, is mulling a $60-million loan to Maritime Commercial Joint-Stock Bank (MSB).
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Bilateral payment connection using QR code between Vietnam and China
Industrial and Commercial Bank of China (ICBC) acts as the Chinese focal payment bank in the Cross-Border QR Code Connection Project, coordinating with NAPAS and Vietcombank to deploy a modern digital payment infrastructure, aiming to integrate the payment ecosystems of the two countries.
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ICBC achieves steady business development while maintaining stability in 2024
On March 28, 2025, Industrial and Commercial Bank of China (stock code SH: 601398; HK: 1398) announced its annual results for 2024. In 2024, ICBC made solid headway in the “five transformations” of intelligent risk control, modern layout, digital driver, diversified structure and ecological foundation. ICBC actively played the role of a leading bank, and delivered a stable, higher-quality performance with sound momentum while supporting the high-quality economic recovery.
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Shinhan Bank VietNam achieves the PCI-DSS certificate version 4.0.1
Shinhan Bank Vietnam Limited (“Shinhan Bank”) achieved the international Payment Card Industry Data Security Standard Certificate (“PCI-DSS”) with the highest level 4.0.1 assessed by Broadband Security (Korea).
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VIB Business Card - Enterprise credit card with up to 57 days interest-free and cashback on all spending
With a vision to maximize benefits and elevate enterprises, Vietnam International Bank (VIB) officially launches the VIB Business Card, a pioneering financial solution tailored to meet the growing demands of Vietnam’s business community.
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NAPAS Brings Apple Pay to its Customers in Vietnam
The National Payment Corporation of Vietnam (NAPAS) today brings Apple Pay to its cardholders in Vietnam. Apple Pay is an easy, secure and private way to pay in-store, in-app and online.
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ACB targets 16 per cent credit growth in 2025
Asia Commercial Bank (ACB) successfully held its AGM 2025 on April 8, during which shareholders approved the bank’s business plan and other key matters for the year 2025 – a pivotal year in ACB’s 2025–2030 five-year development strategy.
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ABBANK targets 131% increase in pre - tax profits in 2025
An Bình Commercial Joint Stock Bank targets a whopping 131 per cent increase in pre-tax profits to VNĐ1.8 trillion (US$70.2 million) in 2025, according to documents it released ahead of its annual general meeting this month.
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Profits, dividends, capital increases and bad debts on agendas of 2025 banking AGMs
In a discussion with shareholders, VIB Chairman Đặng Khắc Vỹ said that bad debt handling is one of the ‘hot’ issues of the entire banking industry.
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ABBANK launches preferential home loan for young buyers
An Bình Commercial Joint Stock Bank (ABBANK) has unveiled a home loan targeting young customers with interest rates starting at just 5 per cent.
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SeABank raises additional $80 million from Proparco and FMO to support small and medium enterprises
The French Development Finance Institution (Proparco) and the Dutch Entrepreneurial Development Bank (FMO) have signed a loan agreement worth $80 million with SeABank.
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MB, HDBank, and VPBank to lift foreign ownership limit
A new governmental decree covering the purchasing of shares in Vietnamese credit institutions by foreign investors has increased the ability of some commercial banks to seek more investment from overseas.
