VinaCapital remains positive about banking sector’s long-term outlook Business

VinaCapital remains positive about banking sector’s long-term outlook

Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.
Deposits at all banks always guaranteed: Central bank governor Business

Deposits at all banks always guaranteed: Central bank governor

Deposits at all banks, including the Saigon Commercial Bank (SCB), are guaranteed by the State in all cases, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong affirmed on October 10 when talking to the media regarding recent issues related to the SCB.
Techcombank secures major syndicated loan Business

Techcombank secures major syndicated loan

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).
MB to set up commercial bank in Cambodia Business

MB to set up commercial bank in Cambodia

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.
HDBank wins twin international banking awards Business

HDBank wins twin international banking awards

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has received two awards at the Global Brand Award by Global Brands Magazine of the UK, affirming its position as a leading firm in business operations and digital transformation.
PVcomBank wins prestigious international awards Business

PVcomBank wins prestigious international awards

The Vietnam Public Joint Stock Commercial Bank (PVcomBank), in which the State-owned Vietnam Oil and Gas Group (PetroVietnam) holds a 52-percent stake, has been honoured as the Best Trade Finance Bank, the Best Card Service Provider, and the Best Bank for Customer Services in Vietnam for 2021 among the Finance Derivative Awards.