News
Banks bet on wholly owned life insurance
Several Vietnamese banks are shifting from bancassurance partnerships to establishing their own insurance companies, paving the way towards building full-fledged financial conglomerates.
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LPBank prepares to pay 25% cash dividend, highest in banking industry
This May, LPBank shareholders will receive 2024 cash dividends at a rate of 25%, equivalent to VND 2,500/share, with the total expected payment exceeding VND 7,468 billion.
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Vietcombank released its interest rate information for April 2025
Vietcombank released its interest rate information for April 2025
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ABBANK and VietED Group join hands to develop sustainable livelihood solutions for farming households.
Hanoi, May 13, 2025 - An Binh Commercial Joint Stock Bank (ABBANK) and Viet Community Enterprise Development Group Corporation (VietED Group) have officially signed a Strategic Cooperation Agreement to accelerate sustainable community development through innovative financial solutions.
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Agribank and MobiFone cooperate comprehensively, promoting digital transformation
On May 12, 2025, in Hanoi, the Bank for Agriculture and Rural Development of Vietnam (Agribank) and MobiFone Telecommunications Corporation had a working session to evaluate the results of cooperation in the past time, and at the same time discuss the strategic cooperation orientation in the coming time.
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VNPAY achieves international-standard security certification
VNPAY has become the first company in Vietnam, and the 26th globally, to achieve MPoC (Mobile Payments on Commercial Off-The-Shelf) security certification, the latest international standard for mobile payments, for its PhonePOS payment solution.
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Comprehensive financial and digital solutions for SME enterprises
Vietnam International Commercial Joint Stock Bank (VIB), Vietnam Payment Solution Joint Stock Company (VNPAY) and Visa (NYSE: V) have just announced a partnership to launch a comprehensive suite of financial and digital solutions, specifically designed to support Vietnamese small and medium-sized enterprises (SMEs) to improve operational efficiency, optimize payment processes and promote sustainable growth.
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Transferred weak banks under restructuring
Military Bank and Vietcombank, which took over struggling Oceanbank and CBBank late last year, have begun restoring the weak banks.
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ABBANK’s pre-tax profits more than double
An Bình Commercial Joint Stock Bank (ABBANK) achieved pre-tax profits of VNĐ407 billion (US$15.6 million) in the first quarter, a 128 per cent increase from the same period last year.
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VPBank secures record $1 billion sustainable syndicated loan
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has announced the successful execution of a landmark international syndicated loan transaction with an initial value of $1 billion, with an upsize option available depending on the bank’s future funding requirements.
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Many banks prioritise seeking foreign strategic investors
During this year's AGM season, many banks' boards and shareholders showed strong interest in securing foreign strategic partners.
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Banks meet Q1 2025 profit plans
Bank profits increased in the first quarter of this year, largely due to improved credit.
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Vietcombank and Vietnam Airlines partner to finance fleet expansion project
On April 23, 2025, Vietcombank and Vietnam Airlines officially signed a Memorandum of Understanding (MoU) to cooperate on financing the investment project for 50 new narrow-body aircraft.
