Tag: banking
Banks suffer big losses from securities trading in 2022
Many banks reported negative results in securities trading and investment in 2022 due to the interest rate hike, the exchange rate uncertainty, the sharp decline of stock indices and the ‘freezing’ of the corporate bond market, cafef.vn reported.
SeABank rated as Best Bank in Vietnam 2022
VOV.VN - The Southeast Asia Commercial Joint Stock Bank (SeABank) has been named the Best Bank in Vietnam 2022 by UK-based The Banker magazine following its outstanding performance in the banking sector.
Webinar held to help Vietnamese firms increase presence in India
The Trade Office of Vietnam in India held a webinar on February 8 to update Vietnamese businesses about regulations and procedures for opening branches in the South Asian country.
Central bank not tighten real estate credit: Deputy Governor
The State Bank of Vietnam (SBV) has never issued any documents or statements ordering credit for real estate be tightened, Deputy Governor Dao Minh Tu said on February 8.
Appropriate foreign ownership limit at banks expected to attract investment
Foreign ownership limits at credit institutions were expected to be raised to an appropriate level to attract foreign investment, which plays an important role in improving operational efficiency and accelerating the banking sector's restructuring.
Bustling M&A deals in banking industry at year beginning
Right from the beginning of 2023, many banks have announced their plans for merge and acquisition (M&A) deals and capital increase.
Petrolimex to disinvest in PG Bank
Vietnam National Petroleum Group (Petrolimex) just approved the resolution of the Board of Directors on a plan to disinvest in Petrolimex Group Commercial Joint Stock Bank (PG Bank).
Vinfast and US Bank partner to provide car rental and loan solutions in US
VOV.VN - As Vietnam’s first global EV maker, VinFast has unveiled that it has selected the US Bank as its priority partner to provide long-term loan and leasing solutions in the United States for customers who rent VinFast’s electric vehicles (EVs) through the US Bank.
Central bank sets rules on transfer of money abroad
The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organizations.
Vietnam among world’s 10 biggest recipients of remittances
Vietnam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD).
