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Woori Bank opens five branches in Vietnam

Woori Bank opens five branches in Vietnam

The State Bank of Vietnam (SBV) has given the go-ahead approving the eligibility of the Republic of Korea’s Woori Bank to establish five branches in Vietnam.

Standard Chartered expects Vietnam to be ASEAN outperformer

Standard Chartered expects Vietnam to be ASEAN outperformer

Vietnam is expected to remain the fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) in the near term, with 2019 growth projected at 6.9%, Standard Chartered said in its latest macroeconomic research report.

New strategies needed for mid-sized firms: Standard Chartered

New strategies needed for mid-sized firms: Standard Chartered

Digitalisation and overseas expansion are deemed as the best new strategies for medium-sized companies in Vietnam and other ASEAN member states to promote economic growth in the context of drastic market changes, Standard Chartered Bank said in its reported announced on April 22.

Green banking aims push forward

Green banking aims push forward

In response to climate change, and to rigorously fulfill its role in promoting the nation’s economic development goals through credit lending activities, the local banking sector is required to take up green and sustainable banking practices in a more serious manner.

Vietnam remains fastest-growing ASEAN economy: Standard Chartered

Vietnam remains fastest-growing ASEAN economy: Standard Chartered

Standard Chartered Bank has recently released a forecast, saying Vietnam remains the fastest-growing ASEAN economy, and it continues to expect Vietnam’s robust GDP growth of 7% in 2018, driven by strong FDI-supported electronics manufacturing and rising consumption.

Foreign investors eye bank shares

Foreign investors eye bank shares

The funds managed by Alp Asia Finance have become a shareholder of Asia Commercial Bank (ACB) since May 7, holding a 10% stake of the bank. Whistler Investments Limited and Sather Gate Investments Limited both have 102.2 million ACB shares, each of which holds 51.1 million.

VND likely to remain on a stable footing in 2018

VND likely to remain on a stable footing in 2018

2018 is slated to be a positive year for the Vietnamese dong, thanks to Vietnam’s stable macroeconomics and strong capital inflows. However, analysts differ on how strong Vietnam’s currency will be at the end of the year.

Big banks get a ‘fintegration’ facelift

Big banks get a ‘fintegration’ facelift

When banks work with technology companies or startups, what often comes out are fintech products or services that can offer customers convenience and control over their financial lives.

Foreign banks scale down business in Vietnam

Foreign banks scale down business in Vietnam

Some large foreign banks operating in Vietnam have recently scaled down their business or withdrawn capital from Vietnamese banks. What is happening with the banking sector?

Standard Chartered pledges support for ASEAN firms

Standard Chartered pledges support for ASEAN firms

Standard Chartered Bank has affirmed its strong commitment to supporting enterprises from ASEAN member nations in expanding their business in the region and the world, heard a seminar in Ho Chi Minh City on May 16.