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.

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.

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.

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.

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.

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.

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.

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.

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).

Vietnamese banking brands are riding high with a growth of 31.3% in brand value in 2023, according to Brand Finance Banking 500 Report.