News
Domestic banks strengthen international partnerships
With central banks worldwide returning to monetary easing, the potential influx of cheap capital may drive domestic banks to pursue opportunities abroad.
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DongA Bank renamed as Vikki Digital Bank
DongA Commercial Joint Stock Bank (DongA Bank) has changed its name to Vikki Digital Bank Limited (Vikki Bank) following Decision No. 42/QĐ-TTGSNH2 issued by the State Bank of Vietnam (SBV) on February 14, 2025.
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Banks optimise credit plans to boost efficiency
Military Commercial Joint Stock Bank (MB) is aiming to increase its outstanding credit volume and capital mobilisation by more than 25 per cent to surpass $40 billion by the end of this year. The bank is also targeting a maximum bad debt ratio of 1.7 per cent along with a bad debt coverage ratio of over 100 per cent
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Four banks to hold shareholders' meetings in February and March
The four – Nam A Bank, VIB, Vietcombank and Eximbank – are preparing to hold their shareholders' meetings in February and March 2025.
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HDBank's 2024 earnings exceed targets
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) announced strong fourth quarter and financial year results on January 24, with profit before tax exceeding VND16.7 trillion ($665.8 million), completing its target by 106 per cent with a 28.5 per cent increase on-year.
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MUFG advancing sustainable growth in Vietnam
As the Year of Dragon winds down, MUFG Bank, Ltd. conveys its deepest gratitude to clients, partners, and regulators for their support and trust rendered throughout the year.
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VPBank to take over GPBank
The move is meant to help improve GPBank's operations as well as allow VPBank to expand its business. VPBank may either retain GPBank as a subsidiary, or sell or transfer the bank to a new investor after the mandatory transfer is completed.
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HDBank officially undertakes mandatory transfer, beginning a period of stability and growth for DongA Bank
Following the transfer, DongA Bank will operate as a single-member limited liability bank fully owned by HDBank, ensuring all rights of depositors and customers are upheld.
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Standard Chartered Vietnam named Best Foreign Bank and Best Digital Bank 2024
On January 8, Standard Chartered Bank Vietnam has been named “Best Foreign Bank Vietnam 2024” for the fourth consecutive year and “Best Digital Bank Vietnam 2024” for the second consecutive year by Global Business Review.
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TPBank secures $120 million long-term loan from JICA
This initiative, co-financed by the US International Development Finance Corporation (DFC), aims to enhance financial inclusion through digital banking in Việt Nam, with a total loan value of US$120 million.
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Cross-border QR payment service launched between Vietnam and Laos
A cross-border QR payment service between Vietnam and Laos was launched on January 9 to bolster tourism and economic exchanges between the two countries
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NAPAS organized 2025 mission implementation conference
On January 14, 2025, the National Payment Corporation of Vietnam (NAPAS) successfully organized the "2025 Mission Implementation Conference". The event welcomed the participation of Mr. Pham Anh Tuan – Director of the Payment Department of the State Bank of Vietnam (SBV).
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Banks launch promotions to hail Year of the Snake
Banks in Vietnam are trying to attract customers with a variety of promotions at the start of the year.
