Tag: banks
Vietnam’s banking sector named among fastest growing in the world
With an overall brand value growth of 49%, Vietnam’s banking sector is one of the fastest growing in the world, according to Brand Finance’s latest report on the most valuable and strongest banking brands globally.
Capital demand remains high after Lunar New Year holiday
The State Bank of Vietnam (SBV) has to continually inject money to support the liquidity of the banking system as the capital demand and interest rates on the interbank market have remained high though the Tet (Lunar New Year) holiday ended.
Vietnam joins Southeast Asia Disaster Risk Insurance Facility
VOV.VN - The Ministry of Finance, acting under the authority from the Government of Vietnam, on February 10 signed the Memorandum of Understanding (MoU) to become the eighth member of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF).
Sixteen banks cut over VND21.2 trillion for pandemic-hit customers
Sixteen commercial banks cut over VND21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13%, the State Bank of Vietnam (SBV) reported on February 9.
Japanese partner ends strategic alliance agreement with Eximbank
VOV.VN - Japanese shareholder Sumitomo Mitsui Banking Corporation (SMBC) has announced the termination of a strategic alliance agreement signed with Vietnam Export Import Commercial Joint Stock Bank (Eximbank), dantri.com.vn reported.
Bank stocks expect a promising year in 2022: experts
Analysts of many foreign investment funds and local securities companies expect bank stocks will continue to record positive results in 2022.
Vietnam, US bolster cooperation in climate change, environmental pollution
VOV.VN - The Ministry of Natural Resources and Environment (MoNRE) and the US Agency for International Development (USAID) on January 28 signed a Memorandum of Understanding (MoU) aiming to deal with the complex challenges of climate change and environmental pollution.
Cashless society gets closer as Vietnam digital banking gathers pace
One major “side effect” of the COVID-19 pandemic, amidst the unprecedented toll that it has exacted, is that it has catalysed digital transformation across all sectors, particularly in financial services.
Remittances to HCM City total US$6.6 billion last year
Remittances to Ho Chi Minh City reached around US$6.6 billion in 2021, up 9% from the previous year, according to Nguyen Hoang Minh, head of the Vietnam Banks Association’s Office in HCM City.
UK pledges continued all-around cooperation with Vietnam
VOV.VN - Vietnam and the UK have enjoyed plenty of co-operation opportunities in the process of meeting green growth targets, UK Ambassador Gareth Ward has affirmed.
