Vietnamese banks see improved solvency Business

Vietnamese banks see improved solvency

Banks in Vietnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.
IFC raises trade finance limits to support firms amid COVID-19 Business

IFC raises trade finance limits to support firms amid COVID-19

The International Finance Corporation (IFC) announced it has increased trade finance limits for Vietnamese banks to improve their capacity to cover payment risks in granting trade financing to local companies affected by the outbreak of the novel coronavirus (COVID-19).
Awards honour standout Vietnamese banks Business

Awards honour standout Vietnamese banks

A ceremony for the Vietnam Outstanding Banking Awards 2019 was held in Ho Chi Minh City on November 27 by the Vietnam Banks Association and the International Data Group (IDG).
KEB Hana named strategic shareholder of BIDV Business

KEB Hana named strategic shareholder of BIDV

KEB Hana Bank of the Republic of Korea (RoK) has become a strategic shareholder of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), helping the latter to have the biggest charter capital among Vietnamese banks.
HDBank pre-tax profit up record 51 percent in third quarter Business

HDBank pre-tax profit up record 51 percent in third quarter

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has reported impressive results in the third quarter of this year, with pre-tax profits increasing by a record 51 percent year-on-year to over 1.23 trillion VND (53.4 million USD).