Tag: banking
WB predicts Vietnamese economy to grow by 6.3% in 2023
VOV.VN - Vietnamese economic growth is projected to ease to 6.3% in 2023 from a robust figure of 8% last year, as services growth eases and higher prices and interest rates weigh on households and investors, according to details given by the World Bank (WB)’s latest Taking Stock report released on March 13.
BIDV named as Best Foreign Exchange Bank in Vietnam
VOV.VN - The Bank for Investment and Development of Vietnam (BIDV) has been awarded the Best Foreign Exchange Bank in Vietnam by The Asian Banker (TAB) and Asian Banking & Finance (ABF) magazines.
Vietnamese banks need more women in leadership roles: IFC
VOV.VN - National banks should have more women in leadership roles as a way of promoting inclusive and high-productivity growth, according to a new study conducted by IFC in partnership with the State Bank of Vietnam.
Central bank grants first credit growth quota for banks in 2023
The State Bank of Vietnam (SBV) has recently granted the first credit growth quotas in 2023 to a number of banks, with a majority of them receiving lower rates than last year.
World Bank provides assistance for HCM City in data management
A data management strategy for Ho Chi Minh City by 2025 with a vision towards 2030 was launched on March 3, part of cooperation between the southern metropolis and the World Bank (WB) in 2022-2023.
Vietnam joins largest SME festival in Berlin
Four Vietnamese firms - Bamboo Airways, VinFast, Vietnam Airlines, and Vietin Bank - are joining the small- and medium-sized (SME) businesses’ day held by the German Association for Small and Medium-sized Businesses (BVMW) on March 1.
Big 4 banks launch preferential interest rate loan packages
The group of the four biggest State-owned banks (Big 4) have launched preferential loan packages with interest rate reductions of up to 3% per year to lower short-term lending rates to only 7% per year.
UOB completes acquisition of Citigroup’s consumer banking business in Vietnam
United Overseas Bank Limited (UOB) on March 1 announced the completion of the acquisition of Citigroup’s consumer banking business in Vietnam, which includes the transfer of approximately 575 Citigroup related staff to UOB Vietnam.
Ministry proposes a hike in special consumption tax on cigarettes, beer, spirits
The Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, and alcoholic products to limit imports, production and consumption.
MB Cambodia Bank debuts as commercial lending institution
The MB Cambodia Bank, Public limited Company (MB Cambodia) officially launched its services on February 27 as a commercial bank wholly invested by Vietnam’s Military Commercial Joint Stock Bank (MB).
