The current pandemic has not only put mounting pressure on the quality of Vietnamese banks’ assets and profitability but also hampered some lenders’ cross-border mergers, forcing them to take different approaches to their foreign ownership limit.

The Saigon – Hanoi Commercial Joint Stock Bank (SHB) has received four awards by The Asian Banking and Finance Magazine (ABF) in both categories of retail and wholesale banking.

The Megabank of Taiwan has applied for permission to open a branch in the northern port city of Hai Phong, according to the Dau Tu (Investment Review) newspaper.

A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.

Vietnam is capable of generating 10 GW of electricity by offshore wind farms by 2030, suggested studies carried out by the Danish Energy Agency (DEA) and the World Bank (WB).

A new report by the World Bank Group pointed out that between 2010 and 2020, the Human Capital Index for Vietnam increased from 0.66 to 0.69.

VOV.VN - The Vietnamese economy remains on track despite the impact of the COVID-19 pandemic, but greater attention should be paid to maintaining the fiscal and financial stability, according to the World Bank in its September 2020 update.

The COVID-19 pandemic is weighing on the banking system’s non-performing loans (NPLs), requiring significant efforts to keep NPLs ratio below 3% by the end of this year as targeted by the Government.

The Bank for Development and Investment of Vietnam (BIDV) and the KBIZ Vietnam Federation of Korea SMES (KBIZ-VN) signed a comprehensive cooperation agreement on September 17 in Hanoi.

VOV.VN - How to cushion the impact of the novel coronavirus and boost economic recovery was high on the agenda of the 23rd ASEAN + 3 Financial Ministers’ and Central Bank Governors’ Meeting on September 18.