Latest News for: Hanoi banking

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Bad debt rises 10.8% by late May

The Saigon Times 25 Jul 2024
SBV Deputy Governor Dao Minh Tu disclosed these figures at a press conference reviewing mid-year banking sector performance held on July 23 in Hanoi ... The SBV has instructed banks to implement two main strategies to manage bad debt.
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Korean financial firms thrive in Vietnam

Korea Times 24 Jul 2024
Woori Bank Vietnam pays dividend ... Woori Bank CEO Cho Byung-kyu / Courtesy of Woori Financial Group ... Included are Woori Bank, Hanwha Life and Lotte Card ... The amount constitutes 10 percent of Woori Bank Vietnam’s net income in 2023.
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Vietnam's central bank to manage interest rates to ensure macroeconomic balance

Xinhua 24 Jul 2024
HANOI, July 24 (Xinhua) -- The State Bank of Vietnam will manage interest rates in accordance with macroeconomic balance and inflation in the second half of 2024 to ensure macroeconomic stability and ...
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Vietnam's central bank vows to defend currency

The Manila Times 23 Jul 2024
HANOI — Vietnam's central bank said on Tuesday bank lending and bad loans were both rising and vowed to continue defending the currency and keep inflation under control ... "Banks' lending has accelerated ...
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Techcombank named ‘Vietnam’s Best Bank’ for a record fifth time at the Euromoney Awards for Excellence 2024

The Saigon Times 22 Jul 2024
Notably in 2023, the Bank provided more green credit to sustainability projects in Vietnam than ever before, while also supporting social initiatives with donations reaching VND148 billion and ...
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Market experiences a sharp decline as VN-Index loses the 1,270-point threshold

Vietnam News 19 Jul 2024
Large-cap stocks in the banking and ... Banking stocks also saw poor performances on Friday ... Losses were capped by gains in some pillar stocks, led by the Military Commercial Joint Stock Bank (MBB).
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Vietnamese banks pump 18.8 bln USD into economy in June

Xinhua 15 Jul 2024
HANOI, July 15 (Xinhua) -- Vietnamese banks lent more than 480 trillion Vietnamese dong (18.88 billion U.S. dollars) to economic entities in June, Vietnam News Agency reported Monday, citing the State Bank of Vietnam.
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Standard Chartered chairman reaffirms commitment to Vietnam

The Saigon Times 06 Jul 2024
HCMC – José Viñals, Standard Chartered Group chairman, has reaffirmed the bank’s long-term commitment to Vietnam during his recent visit, which coincides with the bank’s 120th anniversary in the country.
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AIIB invests US$75 million in green and blue bonds of SeABank

The Manila Times 01 Jul 2024
HANOI, Vietnam, July 1, 2024 /PRNewswire/ -- Asian Infrastructure Investment Bank (AIIB) provides an investment of US$75 million to the green and blue bonds issued by Southeast Asia Commercial Joint Stock Bank (, stock code.
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Lender SHB allowed to raise charter capital

The Saigon Times 28 Jun 2024
HCMCThe State Bank of Vietnam has allowed Saigon Hanoi Commercial Joint Stock Bank (ticker ... The central bank made its decision after SHB had finished issuing over 43.5 million shares under an employee share ownership plan (ESOP).
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Techcombank ushers in a new era of AI-powered banking at its first ever Techcombank Keynote

The Saigon Times 28 Jun 2024
Hanoi, June 28, 2024 – Vietnam Technological and Commercial Joint Stock Bank (Techcombank) starts a new era of AI-powered banking at its inaugural Techcombank Keynote event as the bank accelerates its ...
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Vietnam's GDP to expand 5.3 pct in Q2: bank

Xinhua 25 Jun 2024
HANOI, June 25 (Xinhua) -- The Standard Chartered Bank forecast Vietnam's gross domestic product (GDP) growth in the second quarter to moderate to a still-strong 5.3 percent year-on-year from 5.7 percent in Q1, Vietnam News reported Tuesday ... bank.
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Vietnam's private commercial banks lift deposit rates

Xinhua 24 Jun 2024
HANOI, June 24 (Xinhua) -- Vietnam's private commercial banks have been lifting their deposit rates this month to attract capital and notably, some of them have increased their rates more than twice, Vietnam News Agency reported Monday.
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Vietnam's commercial banks allowed to reschedule debt repayment period

Xinhua 24 Jun 2024
HANOI, June 24 (Xinhua) -- The State Bank of Vietnam has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, Vietnam News Agency reported Monday.
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Xinhua Asia-Pacific news summary at 1600 GMT, June 24

China.dot.org 24 Jun 2024
HANOI -- The State Bank of Vietnam has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, Vietnam News Agency reported Monday.
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