Tag: banking
Deputy PM urges hastened procedures for cancelled IDA loans
Deputy Prime Minister Tran Luu Quang has signed a dispatch on the cancellation of World Bank (WB) loans due to the unusability, and the re-allocation and use of the cancelled International Development Association (IDA) loans in the 2022 - 2023 fiscal year.
VPBank sells 15% stake to Japan’s SMBC for US$1.5 bln
Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement.
Digital banks attract significant numbers of customers
The number of new customers of commercial banks has increased dramatically in recent years thanks to their digital applications.
Credit Suisse escapes ‘Lehman moment’, Vietnam unaffected
Vietnam’s economy is well supported by its policy, but headwinds in the world’s financial market, with risks from the European and American financial systems, have caused concern.
Singaporean site highlights Vietnam’s potential for fintech growth
One of Singapore's top pure-play digital content sites - asianone.com - on March 21 ran an article entitled “Vietnam: Can it become the Fintech Mecca of the east?”, highlighting that Vietnam’s fintech has reached new heights and its growth is fuelled by the newly introduced legal framework.
Silicon Valley Bank collapse not to impact VN: VinaCapital
The Silicon Valley Bank (SVB) collapse by itself will end up being neutral for Vietnam’s stock market and economy, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a report.
MoMo, Western Union partner for money transfer in Vietnam
Vietnamese digital payment firm Momo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.
Standard Chartered Bank partners with Dear Our Community
Standard Chartered Bank has officially partnered with Dear Our Community as the title sponsor to launch the series “Opening the Way - Leading the Path" - the first content series featuring social impact practitioners targeting young audiences in Vietnam.
Central bank must keep a close on the financial market: WB
The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to World Bank.
State Bank lowers regulatory interest rates by 0.5-1% from March 15
The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.
