Vietnamplus

The number of new customers of commercial banks has increased dramatically in recent years thanks to their digital applications.

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

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of 320 million USD in three Vietnamese banks, reported the Nikkei Asia.

Vietnam International Bank (VIB) has launched its virtual financial advisor - Vie - with an official music video titled "Vie is AI."

VIB has raised 260 million USD in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.

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.

Vietnamese lenders are hoping for at least 20 – 30 percent growth in their earning this year in the light of the country’s promising economic outlook.

The Vietnam International Bank (VIB) and Microsoft Vietnam has announced a three-year strategic partnership to leverage Microsoft Azure as the preferred cloud platform to accelerate the pace of innovation, create valuable new services to meet present and future banking needs of customers.

Credit rating agency Moody's on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.

The Vietnam International Bank (VIB) targets posting a pre-tax profit of more than 7.5 trillion VND (324.18 million USD) in 2021, a year-on-year rise of 29 percent, the bank’s extraordinary shareholder’s meeting on March 24 heard.

Currently, more than 20 commercial banks are adopting the standard version of Basel II, of which 12 have completed all three Basel II pillars ahead the deadline, namely VIB, Vietcombank, SeABank, VPBank, TPBank, MSB, VietCapitalBank, Shinhan Vietnam, SHB, LienVietPost Bank, HDBank, and Viet Capital Bank.

Private corporate bonds raised in September dived from the previous month after a decree took effect to tighten the issuance on the corporate bond market.

The Vietnam International Bank (VIB) posted pre-tax profit of over 1.66 trillion VND (72 million USD) in the third quarter of 2020, up 30 percent month-on-month and 52 percent year-on-year, according to its third quarter 2020 financial report published recently.

Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Vietnam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.

The Vietnam International Bank (VIB) aims to earn pre-tax profit of 4.5 trillion VND (over 193 million USD) in 2020, up 10 percent year-on-year.

The Bank for Investment and Development of Vietnam (BIDV) has cleared all non-performing loans it had previously sold to the Vietnam Asset Management Company (VAMC), the bank’s Chairman Phan Duc Tu said.

The application of Basel II is considered the fundamental restructuring solution creating the foundation for promoting the safety, healthy development and competitiveness of the banking system.

Vietnam International Bank (VIB) has become the first bank in Vietnam to complete the three pillars of Basel II, which are minimum capital, supervisory review and market discipline.

The restriction on foreign currency lending actually reduces the "virtual" supply and demand of foreign currencies, contributing to reducing dollarisation in the economy

Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 percent per year with the aim of mobilising long-term capital.