Vietnam’s private lender VPBank has secured a VND9.1 trillion (US$350 million) term loan facility, backed by Sumitomo Mitsui Banking Corporation (SMBC) and a group of development finance institutions and bilateral agencies.

After a sluggish period, the mergers and acquisitions (M&A) market is expected to rebound in 2024, with significant deals anticipated across various industries.

Foreign investors’ continuous investment in Vietnam has shown their optimistic about the country’s economic outlook, despite the difficult situation of the global banking sector.

Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement.

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.

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.

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on October 27 signed a US$200 million loan fund with Sumitomo Mitsui Banking Corporation (SMBC).

Deputy Prime Minister Pham Binh Minh on April 28 hosted a reception for Masahiro Yoshimura, General Manager of Business Development Department at Japan’s Sumitomo Mitsui Financial Group (SMFG), who is also in charge of managing Sumitomo Mitsui Banking Corporation (SMBC).