While several commercial banks project profit increases of 20-33%, others, particularly state-owned, are taking a more cautious approach amidst unpredictable global financial conditions, highlighting a growing divergence in the banking sector’s outlook for this year.
The Ho Chi Minh City Housing Development Commercial Joint Stock Bank (HDB) has been recently honoured as the “Leading Partner Bank in Vietnam” by the Asian Development Bank (ADB).
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,586 VND/USD on October 17, up 45 VND from the last working day of previous week (October 14).
HSBC Vietnam and other financial institutions have agreed to provide a syndicated loan worth 700 million USD, with a greenshoe option of 300 million USD, for the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).
The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100%-owned bank in Cambodia on the ground of its branch in Phnom Penh.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,071 VND/USD on June 13, up 6 VND from the last working day of previous week (June 10).
Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.
The State Bank of Vietnam set the daily reference exchange rate at 23,190 VND per USD on July 5, up 6 VND from the last working day of previous week (July 2).
