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Banking M&As set to flourish

Banking M&As set to flourish

Merger and acquisition activities in Vietnam's banking sector are expected to grow in the years to come despite certain regulatory barriers hindering foreign investors.

SBV tightens lending regulations with bad loans on the rise

SBV tightens lending regulations with bad loans on the rise

The State Bank of Vietnam (SBV) has taken steps to tighten regulations over banks’ use of short-term deposits, reducing its ratio used to finance medium and long term loans from 60 percent now to 40 percent by September next year.

KEB Hana named strategic shareholder of BIDV

KEB Hana named strategic shareholder of BIDV

KEB Hana Bank of the Republic of Korea (RoK) has become a strategic shareholder of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), helping the latter to have the biggest charter capital among Vietnamese banks.

Prime Minister greets RoK financial group’s leader

Prime Minister greets RoK financial group’s leader

The Vietnamese Government will create the most favourable conditions for firms from the Republic of Korea (RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc said on November 11.

Europe firms may purchase 49 percent in local banks

Europe firms may purchase 49 percent in local banks

The Vietnamese Government may allow European financial firms to buy up to 49 percent of only two local commercial banks, Nguyen Thi Thu Trang, Director of the WTO Integration Centre at the Vietnam Chamber of Commerce and Industry, said on October 23.

Cambodian Deputy Prime Minister’s activities in Vietnam

Cambodian Deputy Prime Minister’s activities in Vietnam

Cambodian Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection Men Sam An has visited the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) in Hanoi as part of her going visit to Vietnam from October 14 to 19.

Cambodian Deputy Prime Minister’s activities in Vietnam

Cambodian Deputy Prime Minister’s activities in Vietnam

Cambodian Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection Men Sam An has visited the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) in Hanoi as part of her going visit to Vietnam from October 14 to 19.

Credit slowdown causes concern about access to bank loans

Credit slowdown causes concern about access to bank loans

Vietnam’s credit growth is slowing and can fall behind the central bank’s target of 14 percent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.

Vietnam steps up fight against dollarization

Vietnam steps up fight against dollarization

The stability of the VND has contributed to decreasing demand for the dollar as people prefer the national currency due to the large spread between interest rates on VND and the dollar.

BIDV named strongest brand in Vietnam this year

BIDV named strongest brand in Vietnam this year

The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is the strongest Vietnamese brand in 2019 in terms of the Brand Strength Index (BSI), according to the Brand Finance, an independent branded business valuation and strategy consultancy firm.

Vietnam, Cambodia’s central banks look to foster partnership

Vietnam, Cambodia’s central banks look to foster partnership

Leaders of the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh on September 16 at an annual conference to share experience in macro-economy management, especially in finance-banking, and seek ways to strengthen cooperation in personnel training.