The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued VND2 trillion worth of green bonds, the first of its kind, to support eco-friendly projects.

VOV.VN - The State Bank of Vietnam on October 17 announced a decision on a mandatory transfer of two of the worst performing bank, Ocean Bank and Construction Bank, to the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Military Commercial Joint Stock Bank (MB).

Vietcombank has become the first bank in Vietnam to stop offering SJC-branded gold bars on its website and sell them through its banking app from August 27.

Vietcombank has launched an online service for customers to register to purchase SJC gold bars directly on its website – and gold will only be sold to those who register online.

The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.

VOV.VN - The State Bank of Vietnam (SBV) on June 3 sold SJC branded gold bars to four State commercial banks and a gold and gemstones company at a stable price in an effort to narrow the disparity between domestic and global gold bar prices.

Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.

Fifteen Vietnamese banks are named among the world’s top 500 most valuable banking brands this year according to the Brand Finance Banking 500 2024 ranking.

A decrease in deposit interest rates has been recorded in a number of banks from the beginning of April.

With profits exceeding VND20 trillion (US$833 billion) in 2023, many banks are eyeing to join the billion-dollar profit club this year.