Tag: foreign banks
Standard Chartered named Best Foreign Bank in Vietnam
Standard Chartered Bank Vietnam has been named the “Best Foreign Bank in Vietnam” in 2022 for the second consecutive year and Best Digital Bank 2022 by Global Business Review.
New circular on independent audits for foreign bank branches issued
A circular stipulating independent audits of credit institutions and foreign bank branches issued by the State Bank of Vietnam will take effect from April 15.
Credit institutions asked to tighten loans in “overheating” sectors: SBV
The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction and consumption sectors, and Build-Operate-Transfer (BOT) projects.
HSBC is first foreign bank to issue bonds in Vietnam
HSBC has issued VND600 billion (US$25.7 million) worth of bonds, becoming the first foreign bank to do so in Vietnam.
Foreign banks pour capital into Vietnam
The International Finance Corporation (IFC), a member of the World Bank Group, announced on August 11 that it will provide a US$70 million loan to Indo Trans Logistics Corporation (ITL Corp).
