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Vietnam banks
Banks trim payroll amid digital push

Banks trim payroll amid digital push

Some banks are laying off employees, replacing them with technology, especially for repetitive tasks that can be performed by artificial intelligence.
Struggling lenders DongA Bank, GPBank transferred to new owners

Struggling lenders DongA Bank, GPBank transferred to new owners

Typhoon Yagi debt relief measures may impact bank profitability in Vietnam

Typhoon Yagi debt relief measures may impact bank profitability in Vietnam

Lender VIB rewards 1,900 employees with ESOP shares

Lender VIB rewards 1,900 employees with ESOP shares

Vietnam International Bank (VIB) will reward 1,918 of its employees with 11 million shares that are currently worth around VND230 billion (US$9.08 million).
July 28, 2024 | 06:46 pm PT
17 shareholders own 60% stake in OCB

17 shareholders own 60% stake in OCB

Orient Commercial Bank is 60% owned by 17 individuals and businesses, according to a company release.
July 25, 2024 | 01:02 am PT
SeABank reports 61% jump in profits

SeABank reports 61% jump in profits

SeABank's profits soared by 61% year-on-year to VND3.24 trillion (US$128 million) in the first half of the year.
July 23, 2024 | 06:39 pm PT
Banks propose raising small loan cap to $15,700

Banks propose raising small loan cap to $15,700

Credit institutions have proposed to raise the cap of small loans not requiring feasible capital use plans and related person information from VND100 million to VND400 million ($15,710).
April 22, 2024 | 09:39 pm PT
Top Vietnam bank weighs share issue to raise at least $600M: sources

Top Vietnam bank weighs share issue to raise at least $600M: sources

Vietnam's most valuable listed lender, Vietcombank, is tapping advisers for plans to raise at least $600 million in fresh equity capital to build firepower and better compete with its rivals, two sources familiar with the matter said.
June 1, 2023 | 07:04 pm PT
Vietnam seeks more foreign ownership in banks acquiring weaker lenders

Vietnam seeks more foreign ownership in banks acquiring weaker lenders

The allowed foreign ownership ratio in stronger Vietnamese banks that acquire struggling lenders could jump to 49%, according to a draft government decree.
December 2, 2022 | 05:37 am PT
Public banks join race to hike deposit interest rates

Public banks join race to hike deposit interest rates

The four state-owned lenders, Vietcombank, BIDV, Vietinbank and Agribank, have hiked their deposit interest rates by 0.8-1.3 percentage points.
October 28, 2022 | 07:27 pm PT
PM tells banks to keep system stable amid turbulence

PM tells banks to keep system stable amid turbulence

Prime Minister Pham Minh Chinh says banks should be vigilant about both opportunities and challenges arising from domestic and global economic turbulence towards keeping the banking system safe and stable.
October 16, 2022 | 01:38 am PT
Banks forced to hike interest rates as deposits dry up

Banks forced to hike interest rates as deposits dry up

Banks are finding it hard to mobilize deposits, and are engaged in an interest rate race.
September 22, 2022 | 07:47 pm PT
Vietcombank targets 12 pct profit growth

Vietcombank targets 12 pct profit growth

State-owned lender Vietcombank has announced credit growth and pre-tax profit targets of 12 percent and VND25.2 trillion ($1.09 billion) for 2021.
January 11, 2021 | 07:31 pm PT
The great banking profit paradox of Covid-hit 2020

The great banking profit paradox of Covid-hit 2020

Banks made huge profits in 2020 although the economy grew at the slowest rate this decade and 70 percent more companies shut down than in 2019.
January 10, 2021 | 05:13 pm PT
Big state banks gradually lose credit market share

Big state banks gradually lose credit market share

The credit market share of Vietnam’s three largest banks has fallen by 2.7 percentage points in the last two years due to liquidity constraints.
January 1, 2021 | 06:16 pm PT
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