VPBankS has identified four major commercial banks that meet the criteria for credit limit expansion.
Traditionally relegated to a mere fraction of banks' annual reports, sustainability reporting has undergone a notable shift, with many banks now unveiling standalone sustainability reports.
As Vietnam accelerates efforts to transition to low-carbon growth, IFC is providing a $70 million loan to HDBank – one of the country’s leading banks in climate finance – to increase its funding for renewable energy projects in Vietnam.
In per-labour-force terms, consumer debt even jumped from 41 per cent of income in 2013 to more than 100 per cent in 2020, according to HSBC.
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.
Vietnamese developers are seeking new capital sources as banks tighten credit for real estate.
The Seoul-based financial solutions provider has signed collaboration contracts with commercial lender Sacombank and state-owned VietinBank to collectively roll out a shared point-of-sale (POS) system in Vietnam.
Some 22 million magnetic-strip ATM cards in Vietnam will be converted to chip cards by the end of 2019, as part of an attempt to accommodate the nation’s non-cash payments scheme by 2020.
Mirae Asset has become the second biggest margin lender in Vietnamese stock market owing to financial backup from Korean banks.
After a year of breakthrough, Vietnam’s commercial banks have become more cautious, setting lower profit targets this year.
Vietnam's largest securities company has secured a $55-million loan from six foreign banks.
The State Bank of Vietnam has given nod to branches of foreign banks to increase capital.
The government has approved a scheme on restructuring the stock market which asks for all commercial banks to go listing.
While both Vietcombank and BIDV announced significant profit growth, Vietinbank remained quiet and kept secret until the end.
