The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.

The move came as the dollar index (DXY) hovered around a four-month high of more than 105, with the market welcoming Donald Trump’s victory in the US presidential election.

The newly established Department of Anti-Money Laundering will operate under the State Bank of Vietnam (SBV) from January 5 next year.

According to banks’ financial reports released recently, many banks, including large-scale banks, recorded an increase in bad debts in Q3 2024.

There is a concern about risks that can arise as real estate credit has increased sharply in recent years, particularly by the end of September, higher than the general credit growth of the entire economy.

While banks are shifting to selling health insurance policies through non-life insurance channel, life insurance companies are no longer interested in bancassurance because business conditions have changed.

The Ministry of Information and Communications reported over 220,000 cases of online fraud this year, with the majority tied to financial scams.

Techcombank maintains its top position in employee compensation, with average earnings reaching 48 million VND per month, while other banks like PGBank show growth, and LPBank opts for reductions.

Eximbank has urged caution over rumors concerning its headquarters relocation, emphasizing transparency and compliance, as the proposal awaits shareholder approval.

Experts suggest that the Fed's rate cuts will allow the State Bank of Vietnam to maintain lower interest rates, reducing costs for businesses.

With approval pending, the proposed capital aims to position Vietcombank among the top banks in Asia while driving economic support.

Despite the compensation, the bank remains confident in achieving its profit goals for 2024, opening new opportunities in insurance.

Several banks have recently announced startling business performance results in the third quarter of 2024 and the first nine months of 2024.

Ongoing complaints about mandatory insurance purchases tied to bank loans lead to increased regulatory scrutiny and potential penalties.

The Ministry of Planning and Investment (MPI) has unveiled a draft proposal to develop HCM City, Vietnam's largest economic hub, into an international financial centre.

The inspection is part of the efforts to narrow the gap between international and domestic gold prices.

The State Bank of Vietnam has confirmed that banks have fully lent out the VND 14.5 quadrillion (over $595 billion) mobilized, with new credit packages in development for key sectors such as agriculture and social housing.

The State Bank of Vietnam has officially transferred OceanBank and CB Bank to new ownership, guaranteeing the safety of depositors' funds at every stage of the transition.

Vietcombank has returned as a major shareholder of Eximbank, holding a 4.51% stake, after divesting in 2018.