vietnamese banks

Update news vietnamese banks

DFC commits a US$100mil. loan to TPBank

One of Vietnam’s leading commercial banks, TPBank, on September 10 signed a Letter of Commitment for a $100 million loan with a 7-year term with the US Government’s Development Finance Corporation (DFC).

Banks' senior management see major changes

In April, many big names in the sector announced changes to their Boards of Directors.

Changes in key personnel made in shareholders’ meeting season

Many commercial banks have announced changes of their key personnel this year, especially after shareholders’ meetings.

Divestment deal at PGBank wraps up after one decade

The divestment of PGBank from Petrolimex is coming to an end. The secret buyer will be made public soon.

Vietnamese banks draw foreign capital

No longer hot on the stock market, yet banking sector remains one of the priorities of foreign investors, with foreign ownership rate in many banks reaching the cap of 30% as regulated.

ADB doubles credit limit for SeABank to US$60 million

The Southeast Asia Commercial Joint Stock Bank (SeABank) said on April 3 that the Asian Development Bank has doubled the trade finance limit to $60 million, and increased the $5-million limit of the revolving loan for the bank to $10 million.

Vietnamese banks remain attractive to foreign investors

Foreign investors’ continuous investment in Vietnam has shown their optimistic about the country’s economic outlook, despite the difficult situation of the global banking sector.

Vietnamese banks that 'disappear' from the market

Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons.

Moody’s upgrades ratings of eight Vietnamese banks

VGP - Moody's Investors Service, a leading provider of credit ratings, research, and risk analysis, has raised ratings of eight Vietnamese banks.

22 banks ease interest rates, BIDV leads in outstanding loans

BIDV, VietinBank and Vietcombank, the three banks out of the ‘big four’, are leading in capital mobilization and lending, according to the State Bank of Vietnam (SBV).

Tough year expected for banks in 2023

With a dim outlook for the banking industry, most securities firms expect conservative profit growth for banks in 2023.

Banks’ optimistic quarterly growth

Bank stocks continue to lag despite lenders posting positive profit growth.

Banks post uplifting results despite underlying risks

Despite bullish business results in the first nine months of the year, many commercial banks in Vietnam are facing a risk of rising bad debts.

Liquidity risk remains low in banking sector

Among some 20 commercial banks in the country, 18 have completed requirements for Basel II, a set of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.

Which banks lead international risk management standards?

Besides Basel II, many banks have also applied Basel III and IFRS 9. These international standards help banks improve risk management compared with peers.

VN Central Bank appoints new chairman of SCB

The State Bank of Vietnam (SBV) decided to appoint Mr. Vu Anh Duc as Chairman of the Board of Saigon Joint Stock Commercial Bank (SCB), starting on October 14, 2022.

Nearly 90% of banks expect profit in 2022

Most banks expected better business results for the fourth quarter and the whole year.

Banks race to implement digital transformation ecosystem

The local banking sector will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement takes effect.

Moody’s upgrades ratings of 12 Vietnamese banks

Moody's Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.

Banks to soon complete Basel III international standards

Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.