The banking sector has been on the recovery path after a tough time struggling with bad debt (2012-2014), especially since 2016. This comeback has been assisted by foreign investors in local banks.
VOV.VN - Banking services have been undergoing a rapid process of digital transformation and digitalization, which has fundamentally changed the business models used by banks.
New strides in finance and banking in the context of the Fourth Industrial Revolution came under spotlight at a seminar on July 13 within the framework of the Industry 4.0 Summit and Expo 2018 in Hanoi.
VOV.VN - Vietinbank has been presented with the Vietnam Outstanding E-banking Award 2017 at a recent ceremony of the Vietnam Outstanding Banking Awards 2017.
VOV.VN - The Hokuriku-Vietnam association of investment promotion businesses was set up on October 20 in Kanagawa City, Japan, aiming to cultivate investment opportunities for businesses and develop economic ties between the two countries through human resources and economic exchanges.
The National Assembly’s Standing Committee on September 14 agreed on the necessity to amend the Law on Competition to address inadequacies in the 12-year-old legislation.
Foreign investors posted a net buy value of VND9.2 trillion in the first half of 2017, beating the record VND8 trillion made in the first seven months of 2008.
VOV.VN - The Saigon-Hanoi Commercial Joint Stock Bank (SHB) recently opened its first branch in Myanmar, marking an important step towards expanding its operations in the Southeast Asian region, Lao Dong (Labour) Newspaper reported.
Diebold Nixdorf, a leading innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, is celebrating its 10th year anniversary of direct presence in Vietnam.
BIDV, Vietinbank and Vietcombank have once again been listed in the top 500 banking brands compiled by Brand Finance.
A rise in foreign ownership limits is needed to importantly help Vietnam speed up the local banking sector’s restructuring.
Prime Minister Nguyen Xuan Phuc attended a meeting to review the State Bank’s activities in 2016 and launch 2017 tasks in Hanoi on January 5.
The State Bank of Vietnam (SBV) on December 2 announced its key orientation of monetary policy management and banking operations in 2017.
VOV.VN - The Vietnam government has made meaningful progress in cleaning up the banking segment after an out of control lending spree led to a crippling surge in bad debts back in 2012.
Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong expressed optimism about achieving its yearly goals during talks with members of the European Chamber of Commerce and Industry in Hanoi on October 3.
The State Bank of Vietnam has granted a license for Malaysia’s second largest lender CIMB to open a unit here, which will be the seventh fully foreign-owned bank in the country.
VOV.VN - The Myanmar Payment Union (MPU) has signed a memorandum of understanding (MoU) with FPT Group and the National Payment Corporation of Vietnam (NAPAS) to implement a project on building a financial switching system for Myanmar.
Some banks have reported good business performance results in the first half of the year thanks to high credit growth.
The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Vietnam (SBV).
Banking, finance and insurance employees had the highest income across all sectors in Vietnam in 2014, with an average income of about VND195 million (US$8,660) per year.