Korean banks expand in Vietnam

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Báo Đầu Tư English 4 day(s) ago

Following Shinhan Vietnam’s successful acquisition of ANZ Vietnam’s retail business, fellow Korean banks have also expanded their sizes and market share in Vietnam, seizing the lead in the foreign bank race on the Vietnamese market.

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Small banks working to bolster capital sources

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Báo Đầu Tư English 5 day(s) ago

Most banks of small and medium size are mulling over scaling up capital sources to boost their financial strength.

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Banks’ listing enthusiasm simmers down

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Báo Đầu Tư English 6 day(s) ago

Banks are hesitant to go public over the persistent challenging business environment.

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Caution pulls down blue chips

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Báo Đầu Tư English 6 day(s) ago

Shares dropped further in the two local exchanges on Monday as investors remained cautious about market conditions, pulling blue chips down.

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Aviva acquires entire shareholding in Vietnam JV

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Báo Đầu Tư English 1 week(s) ago 1 related news

The multinational insurance company Aviva Plc has announced the acquisition of VietinBank’s entire 50 per cent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Limited (Aviva Vietnam) and signing of a new distribution agreement with VietinBank to sell life and health insurance products through the bank’s network of over 1,100 branches and transaction offices, the second-largest in the market.

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Banks to be more demanding in selecting customers

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Báo Dân Trí English 1 week(s) ago

With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

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ANZ sells retail business to Shinhan Bank Vietnam

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Báo Tuổi Trẻ English 1 week(s) ago

ANZ has entered into an agreement to sell its Vietnamese retail business to Shinhan Bank Vietnam in a shift to focus on institutional banking in the country, the Australian lender said Friday.

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Markets recover on bank, energy, brokerage stocks

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Báo Đầu Tư English 1 week(s) ago 1 related news

Shares advanced in both local markets on Friday morning, driven by banks, brokerages and energy firms.

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ANZ Vietnam sells its retail arm to Shinhan Vietnam

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Báo Đầu Tư English 1 week(s) ago 1 related news

ANZ Vietnam will be offloading its retail banking arm to Shinhan Vietnam by the end of 2017, to focus primarily on its institutional banking in the country, ANZ Vietnam said in its latest press release.

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Bankrupt creditors may be aided to refund customers

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Báo Đầu Tư English 1 week(s) ago

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Viet Nam (SBV) and other financial firms.

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Inter-bank rate slides to one-month record low

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Báo Đầu Tư English 1 week(s) ago

The one-month record low inter-bank rate reported last week has confirmed that the liquidity of the dong has cooled down.

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State Bank works to maintain stable interest rates

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Báo Đầu Tư English 1 week(s) ago

The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.

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Automation war breaks out among young banks

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Báo Đầu Tư English 1 week(s) ago

Young commercial banks in Vietnam have geared up to automate retail banking services in order to compete with older banks.

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SBV to stop acquiring weak banks at zero Dong

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Báo Dân Trí English 2 week(s) ago 1 related news

The State Bank of Vietnam (SBV) will stop the acquisition of poor-performing commercial banks at zero Dong as it did previously.

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SBV to stop acquiring weak banks at zero đồng

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Báo Đầu Tư English 2 week(s) ago 1 related news

The State Bank of Việt Nam (SBV) will stop the acquisition of poor-performing commercial banks at zero đồng as it did previously.

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