Tag: Vietcombank
Banks lending big to keep agriculture sector ticking
According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VND2.3 quadrillion (US$100 billion), or 24.6% of the banking sector’s total loans.
Leading bank sponsors thermal power project in Quang Binh
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will provide a credit worth VND27.1 trillion (US$1.18 billion) for the Quang Trach 1 thermal power project in the centreal province of Quang Binh.
Top 10 public companies in 2021, affirming banking sector’s growth potential
Vietnam Report Joint Stock Company has recently announced Vietnam’s Top 10 prestigious and effective public companies in 2021 with six of them in banking and finance sectors including Vietcombank, ACB, VPBank, VIB, MBBank and Techcombank.
National COVID-19 vaccine fund receives US$338 million
As of 5pm on June 28, the national COVID-19 vaccine fund received over VND7.8 trillion (US$338 million), its management board said.
Local banks earn high profits from bancassurance activities
Local credit institutions are enjoying a rise in bancassurance activities with more exclusive deals coming, according to industry insiders.
VNPAY-QR payment solution secures strong position following rapid growth
VOV.VN - VNPAY-QR payment solution, a national brand that has consistently recorded impressive growth during the early part of the year, has been helping users to quickly pay for their shopping bills and other services in a manner which is both safe and convenient whilst not using cash.
Vietcombank named Vietnam’s Strongest Bank by Balance Sheet for six consecutive years
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) topped the rankings in Vietnam and placed 55th in Asia-Pacific in The Asian Banker’s Strongest Bank by Balance Sheet this year.
Banks launch bailout packages for coronavirus affected firms
VOV.VN - With the third wave of the novel coronavirus (COVID-19) pandemic causing numerous challenges for local businesses, several banks such as BIDV, Vietcombank, VietinBank, and Agribank have devised solutions aimed at supporting Vietnamese companies, especially small and medium enterprises (SMEs).
Banks step up to lure demand deposits
Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.
Domestic retailers strive to expand market share in 2021
The local retail market is forecast to grow at a double-digit rate in 2021, so domestic retailers have rushed to open new stores across the country to expand their market share since the beginning of the year.