News
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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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.
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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.
