Moody's Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade.
As Vietnam has a fertile consumer finance market, more foreign players are considering joining the bandwagon by tying up with local peers.
Many banks in Vietnam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic.
Private-equity bank shares have performed well amid fears of COVID-19 in the last five weeks.
COVID-19 makes it a good time for businesses to look into new ideas and unite to overcome a hairy problem.
Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said.
As the stock of local bank SHB has been flying low, the recent co-operation between the bank and Amazon is expected to live up to the US giant's plans of accelerating cross-border e-commerce in Vietnam.
Four Vietnamese banks were listed among the best companies to work for in Asia in the HR Asia Awards 2019 announced on July 10.
VOV.VN - Saigon-Hanoi Commercial Joint Stock Bank worked in co-ordination with Manchester City FC to hold the Young Leader Football Festival which was open to children from SOS villages across Vietnam on June 28.
The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) has been honoured by the financial publication Asiamoney as the best bank for corporate social responsibility in Vietnam.
VOV.VN - Former England defender Joleon Lescott took part in an exchange with hundreds of children in the SOS Children's Villages International for Vietnam in Hanoi.
VOV.VN - A large crowd of football fans flocked Hanoi streets on September 13 to welcome the Premier League trophy won by UK’s Manchester City FC earlier this year.
The Premier League trophy is expected to reach Vietnam in mid-September as part of its parade through 20 countries and territories worldwide.
Despite the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.
Saigon -Hanoi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World Bank.
Vietnamese enterprises invested nearly US$184.7 million in overseas projects in the first five months of 2018, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
The Saigon Hanoi Commercial Joint Stock Bank (SHB) has won the Best Bank award in Vietnam 2018 from the US Global Finance magazine.
The Saigon – Hanoi Bank (SHB) plans to raise its charter capital by more than VND1.2 trillion (US$52.8 million) to VND13.24 trillion (US$582.56 million) in 2018.
Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) on November 1 posted pre-tax profit of over VND1.33 trillion (US$59.1 million) in the first nine months of the year.
Saigon Hanoi Commercial Joint Stock Bank (SHB) will provide preferential loans for farmers in the Central Highlands to grow coffee, SHB General Director Nguyen Van Le said.