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Nearly 12,000 runners will compete at the 5th Techcombank Ho Chi Minh City International Marathon, the event’s organizers said at the launch of the event on December 9.

The race to lure deposits among banks is becoming fiercer as more customers are selected medium- and long-term savings to get higher interest rates.

Though banks gained profits of trillions of Vietnamese dong in Q3 2022, credit quality has remained a concern of the banking industry, especially when Circular No. 14/2021/TT-NHNN on loan rescheduling for COVID-19 affected borrowers expired at the end of June this year.

A majority of banks expected their business results to continually improve in Q4 2022, helping them gain profit for the whole year.

Despite efforts to increase cheap capital sources, many banks reported their current account savings account (CASA) rate in the second quarter of 2022 declined compared to the previous quarter.

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).

Deposit interest rate in the second half of this year might be adjusted up some 0.3 to 0.5 percentage points, experts forecast.

Techcombank has received eight awards from the global payments company Visa for its achievements in 2021. These prestigious awards were presented last month.

Banks have been promoting a target of diversifying income sources to reduce dependence on credit.

Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Vietnam (SBV)'s policy on controlling credit growth in risky areas.

Seven Vietnamese names are among the 2,668 of dollar billionaires worldwide as per Forbes' latest update to its annual rich list.

The strong development of the stock market, with rising retail investors and financial investment demand, has prompted many banks to cooperate with securities firms and fund management companies to add more cross-selling products.

A financial report analysis of 24 Vietnamese banks shows that the average Current and Savings Account (CASA) ratio of the banks rose from 17 percent in 2020 to 19.4 percent in late 2021.

With an overall brand value growth of 49 percent, Vietnam’s banking sector is one of the fastest growing in the world, according to Brand Finance’s latest report on the most valuable and strongest banking brands globally.

The State Bank of Vietnam (SBV) has extended the credit growth limits for the third time this year to some commercial banks to meet rising capital demands at year-end.

The 5th Techcombank Ho Chi Minh City International Marathon, which was due to be held on December 12, will be delayed until December 11, 2022.

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has successfully concluded its largest ever offshore syndicated loan facility at 800 million USD, a record size and landmark structure among Vietnamese banks.

Deputy Governor of the State Bank of Vietnam Dao Minh Tu said that favourable conditions will be created to facilitate businesses’ access to loans, but credit quality still needs to be guaranteed and bad debt needs to be controlled in the short, medium, and long terms.

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) announced on October 20 that it had recorded a pre-tax profit of 17.1 trillion VND (753.5 million USD) in the first nine months of 2021, up 59.6 percent year-on-year.

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been honoured among the Best Companies to Work in Asia 2021 by HR Asia, Asia’s most authoritative publication for HR professionals.