Tag: banks
Banks' credit up 11.3% in HCM City in 2024
Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over VND3.9 quadrillion (US$153.3 billion), a 11.3% increase for the year, according to the central bank.
Stable monetary policy gives boost to business operations
VOV.VN - Last year saw the State Bank of Vietnam proactively monitor global and domestic economic developments and implement comprehensive measures to support businesses and individuals in accessing bank loans through the stable monetary policy.
Positive outlook for Vietnam’s banking sector in 2025
Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14% in 2024 to 17% in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth.
TPBank secures US$120 million long-term loan from JICA
The Japan International Cooperation Agency (JICA) officially signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (TPBank) under the Private Sector Investment Finance (PSIF) project on January 14.
PVcomBank: Elevating customer experiences to new heights
VOV.VN - Founded in 2013, Vietnam Public Commercial Joint Stock Bank (PVcomBank) resulted from the merger of Petro Vietnam Finance Joint Stock Corporation (PVFC) and Western Commercial Joint Stock Bank (WesternBank).
Vietnam, Laos roll out cross-border QR code payment connectivity
VOV.VN - The central banks of Vietnam and Laos have launched a cross-border QR code payment system, facilitating seamless transactions between the two nations.
Credit growth projected at 16% for 2025
Credit growth across Vietnam's banking system is projected to reach about 16% in 2025, according to the State Bank of Vietnam (SBV).
Big 4 banks estimate positive business results in 2024
Leaders of the country’s four largest banks (the Big 4 group) BIDV, Vietcombank, VietinBank and Agribank have announced their preliminary positive business results for 2024.
Thai fintech firm plans to complete acquisition of Home Credit Vietnam
Thailand’s fintech giant SCB X has announced a plan to complete its acquisition of Home Credit Vietnam Finance Co, the consumer finance arm of Home Credit NV (Home Credit Group), in the first half of 2025, pending regulatory approval.
Vietnam's economy shows resilience with robust trade surplus: US news site
The US-based financial, economic, and stock market news site investing.com said Vietnam's economy demonstrated continued resilience in November, with a substantial trade surplus and growth in exports and imports.
