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IFC increases trade finance limits for Vietnamese banks amid Covid-19

IFC, a member of the World Bank Group, has increased trade finance limits for Vietnamese banks as a rapid response initiative to address, in advance, potential trade finance challenges triggered by the outbreak of the novel coronavirus, known as COVID-19.

Banks expect profit growth to slow down

After a year of breakthrough, Vietnam’s commercial banks have become more cautious, setting lower profit targets this year.

Vietcombank and VIB approved to apply Basel II standards

The State Bank of Vietnam has approved Vietcombank and Vietnam International Bank to apply the Basel II standards from January 01, 2019, one year ahead of deadline.

VIB stands behind the top instant noodle producer UNIBEN's success

Owing to financial support from Vietnam International Bank, UNIBEN has been able to invest vigorously in their factory and promote their marketing activities actively, allowing the company to gain the majority of the market shares of the instant noodle industry in rural areas.

IFC lends VIB US$185 million to develop SMEs and strengthen housing segment

The financing package of International Finance Corporation (IFC) aims to address two key development challenges in Vietnam - the financing gap faced by micro, small and medium enterprises (SMEs) and the lack of affordable housing.

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