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banking industry
Banks expect large extraordinary revenues from debt recovery

Banks expect large extraordinary revenues from debt recovery

Some lenders, including MSB, Sacombank, VIB and Saigonbank, are expecting extraordinary revenues of up to trillions of dong (VND1 trillion = US$39.28 million) from debt recovery this year.
Cashless transactions worth 23 times GDP in 2023

Cashless transactions worth 23 times GDP in 2023

Vietcombank continues to achieve record profits

Vietcombank continues to achieve record profits

Vietnam seeks support from Northern Europe’s top bank in banking restructuring

Vietnam seeks support from Northern Europe’s top bank in banking restructuring

Prime Minister Pham Minh Chinh asked SEB Bank, the largest bank in Northern Europe, to assist in restructuring underperforming banks in Vietnam.
January 18, 2024 | 04:15 am PT
Banking industry breaks three-year profit growth streak

Banking industry breaks three-year profit growth streak

After three years of growing profits, the banking industry is reporting a decline this year, primarily due to bad debts and the economy's flagging ability to utilize capital.
December 29, 2023 | 05:54 pm PT
Bustling M&A deals in banking industry at year beginning

Bustling M&A deals in banking industry at year beginning

Right from the beginning of 2023, many banks have announced their plans for merge and acquisition (M&A) deals and capital increase.
February 6, 2023 | 09:15 pm PT
Securities firms cautiously optimistic about banking outlook for 2023

Securities firms cautiously optimistic about banking outlook for 2023

Though liquidity and interest rate concerns loom large through H1, analysts say there are some bright spots on the horizon and believe things will improve in H2.
January 24, 2023 | 12:00 am PT
Banking industry set for bumper profits

Banking industry set for bumper profits

State-owned banks' profits will grow by around 80 percent in the first quarter and private lenders’ by around 50 percent, brokerage SSI Securities Corporation has forecast.
March 21, 2021 | 05:52 pm PT
Vietnamese banks continue to ascend global brand rankings

Vietnamese banks continue to ascend global brand rankings

Nine Vietnamese lenders, five of them state-owned, have risen up the list of the world’s 500 most valuable banking brands.
February 24, 2021 | 11:48 pm PT
South Korea's Woori Bank to open subsidiary in Vietnam

South Korea's Woori Bank to open subsidiary in Vietnam

Vietnam is opening up its banking industry to foreign players.
August 4, 2016 | 12:33 am PT
 
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