Tag: banks
MB to set up commercial bank in Cambodia
The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100%-owned bank in Cambodia on the ground of its branch in Phnom Penh.
WB asked to prioritise soft infrastructure development in Vietnam
VOV.VN - National Assembly Chairman Vuong Dinh Hue has requested that the World Bank give priority to assisting Vietnam in developing its soft infrastructure, including financial and technical support for policymaking and ecosystem development.
Banks upbeat about Q3 2022 business results
A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Vietnam (SBV)’s latest survey on business trends of credit institutions showed.
Central bank sells greenback to stabilise forex market
The State Bank of Vietnam (SBV) has so far this year sold about US$12-13 billion to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).
WB pledges continued support for Vietnam’s future development
VOV.VN - The World Bank will continue to accompany the Government of Vietnam on its future development path to address strategic issues such as healthcare capacity, disease control and climate change adaptation, along with financial assistance.
WB Managing Director of Operations visits Vietnam
VOV.VN - Axel van Trotsenburg, the World Bank Managing Director of Operations is paying an official visit to Vietnam on July 18-19 with a view to discussing with Vietnamese leaders the evolution of World Bank - Vietnam partnership and areas of World Bank support over the next 4-5 years.
Vietnam needs US$368 billion to develop climate-resilient, low-carbon economy
Vietnam needs to invest approximately US$368 billion from now until 2040 to build a climate resilient and low-carbon economy, according to the Vietnam Country Climate and Development Report (CCDR) released by the World Bank on July 13.
Vietnam’s economy back on track for strong recovery: Singaporean daily
In an article posted on July 12, The Business Times of Singapore cited some economists' opinions that said Vietnam’s economy is back on track for a strong recovery this year.
Vietnam the safest country in Southeast Asia for online banking: Kaspersky
Russian cybersecurity firm Kaspersky Lab recently described Vietnam as the safest country in Southeast Asia against the threat of financial attacks targeting banks, payment systems and online stores.
Banks to have credit expansion at end-Q3 2022
Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to Saigon Securities Incorporation.
