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M&As in banking sector encouraged

M&As in banking sector encouraged

The Government plans not to license any more wholly foreign-owned banks in Vietnam but encourages foreign banks to buy weak domestic banks, said Deputy Prime Minister Vuong Dinh Hue.

Banks pursue sustainable growth

Banks pursue sustainable growth

The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector.

Moody's raises outlook for banking sector

Moody's raises outlook for banking sector

Moody’s Investors Service has changed its outlook for Vietnam’s banking system to positive for the next 12-18 months from stable, reflecting the country’s strong economic prospects and the positive outlook for most rated banks.

Banking sector in dire need of more employees

Banking sector in dire need of more employees

Many banks have plans to expand employment this year as around 25.6% of banks said they had fallen short of staff by the end of last year, the Monetary Statistics and Forecasting Department of the State Bank of Vietnam revealed in a survey.

SBV honours GIZ Vietnam leaders and managers

SBV honours GIZ Vietnam leaders and managers

The State Bank of Vietnam (SVB) has awarded a certificate of merit and commemorative medals to Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) GmbH Vietnam leaders and managers.

BIDV wins best retail bank award 2016

BIDV wins best retail bank award 2016

he Bank for Investment and Development of Vietnam (BIDV) has been the only bank to receive the Best Retail Bank title of the 2016 Vietnam Outstanding Banking Awards.

Vietnam's central bank to acquire 52% stake in PVcomBank

Vietnam's central bank to acquire 52% stake in PVcomBank

The State Bank of Vietnam has approved a plan to acquire a stake of 52% in state-controlled PVcombank as part of the ongoing restructuring process at the medium-sized lender, local media reported on June 22.

Privatisation to sustain Vietnam's deals blitz

Privatisation to sustain Vietnam's deals blitz

Foreign firms are set to capitalise on Vietnam's privatisation drive and buy into assets such as Vinamilk and Mobifone to gain exposure to its fast-growing economy this year, boosting M&A deals that already hit a record US$4 billion in 2015.

Citibank seeks go-ahead to boost Vietnam presence

Citibank seeks go-ahead to boost Vietnam presence

Citibank NA, a unit of Citigroup Inc (C.N), said it will get the go-ahead soon from Vietnam's central bank to set up a subsidiary in the country, which would make it the seventh wholly foreign-owned lender to operate in Vietnam.