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HCM City branch

F88 and KBank entered partnership

F88 and KBank entered partnership

The partnership aims to increase financial inclusion to a broader segment of customers, including individuals and micro enterprises, providing access to credits with preferential interest rates.
HCM City credit growth rebounds in Q1

HCM City credit growth rebounds in Q1

HCM City’s credit growth has rebounded, growing by 3.65 per cent as of the end of March, up 13.1 per cent year-on-year, according to the State Bank of Viet Nam’s HCM City branch.
HCM City earns US2bn in remittance

HCM City earns US$2bn in remittance

Remittance inflows to HCM City in the first five months of this year reached US$2 billion, almost double compared to the first quarter of 2018.
Remittance to HCM City increases to over 1.1bn

Remittance to HCM City increases to over $1.1bn

Remittance to HCM City in the first quarter of 2018 increased by 4.5 per cent against the same period last year to reach US$1.12 billion, a Central bank official said.
HCMCs outstanding loans up

HCMC’s outstanding loans up

Total outstanding loans by commercial banks in HCM City in 2017 rose 18.5 per cent from 2016 to more than VND1.74 quadrillion (US$76.73 billion), according to the State Bank of Viet Nam’s HCM City branch.
Remittances to HCM City reach 4.55 billion

Remittances to HCM City reach $4.55 billion

Remittance inflows to HCM City in the 11 months of this year reached US$4.55 billion, Nguyen Hoang Minh, deputy director of the State Bank of Viet Nam’s HCM City branch, said.
HCM City receives 3 billion in remittance

HCM City receives $3 billion in remittance

Overseas remittances flowing into HCM City touched US$3 billion in the first eight months of 2017, a 5 per cent increase compared to the same period last year.
Commonwealth Bank of Australia sells HCM City branch to VIB

Commonwealth Bank of Australia sells HCM City branch to VIB

The Vietnam International Bank (VIB) and Commonwealth Bank of Australia (CBA) announced on Monday that CBA’s HCM City branch would be sold to VIB.  
HCM City remittances worth 2.1 billion in H1

HCM City remittances worth $2.1 billion in H1

Remittances to HCM City in the first six months of the year were worth US$2.1 billion, marginally up from the same period last year, according to the State Bank of Viet Nam’s HCM City branch.
HCM City sees record 18 per cent credit growth

HCM City sees record 18 per cent credit growth

Commercial banks in HCM City saw record credit growth of 18 per cent in 2016, according to the State Bank of Viet Nam (SBV).
Bank of India opens branch in HCM City

Bank of India opens branch in HCM City

Bank of India on Friday officially inaugurated its first branch in HCM City, becoming the first Indian bank to receive a licence to open a branch in the country.
City banks cut deposit rates after New Year

City banks cut deposit rates after New Year

Many banks in HCM City have cut deposit interest rates since Tet (the Lunar New Year).
Central bank pledges 2b in soft loans

Central bank pledges $2b in soft loans

The HCM City branch of the State Bank of Viet Nam will offer enterprises low-interest loans from a fund totalling VND40 trillion (US$1.89 billion) approved by the central bank.