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Vietnamese banks

Garmin bolsters ties with Vietnamese banks to expand contactless payments

Garmin bolsters ties with Vietnamese banks to expand contactless payments

Garmin Vietnam has announced an expansion of its collaboration with five major banks in Việt Nam, including ACB, MB, Sacombank, Techcombank, and Vietcombank. 
15 VN banks listed in Brand Finance Banking 500 2024 ranking

15 VN banks listed in Brand Finance Banking 500 2024 ranking

In the recently released ranking, Vietcombank is the Vietnamese bank with the highest brand value in 2024. Globally, Vietcombank ranks 133rd, up 4 positions compared to 2023.
Vietnamese banks prove attractive to foreign investors

Vietnamese banks prove attractive to foreign investors

A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.
Vietnamese banks target international safety standards under Basel III

Vietnamese banks target international safety standards under Basel III

According to banking expert Nguyen Tri Hieu, besides helping banks improve their credit ratings and enhance their competitiveness in the international market, Basel III has stricter regulations to minimise risks in the event of a crisis.
VN among worlds earliest in banking digital transformation: forum

VN among world’s earliest in banking digital transformation: forum

Vietnamese banks are among the earliest in the world to make the digital transformation, experts have said.
Vietnamese banks ratings on a positive trajectory: Fitch Ratings

Vietnamese banks' ratings on a positive trajectory: Fitch Ratings

Stronger government support and operating environment have helped Vietnamese banks gain positive momentum, according to Fitch Ratings.
IFC plans to pour US320 million into three Vietnamese banks

IFC plans to pour US$320 million into three Vietnamese banks

The banks are the Saigon-Hanoi Commercial Joint Stock Bank (SHB), Vietnam International Commercial Joint Stock Bank (VIB), and Oriental Commercial Joint Stock Bank (OCB).
Higher funding costs to have limited impact on Vietnamese banks

Higher funding costs to have limited impact on Vietnamese banks

Commercial banks should be able to pass some of the additional cost on to borrowers, limiting the impact on net interest margins (NIM), according to Fitch Ratings.
Moodys upgrades ratings of 12 Vietnamese banks

Moody’s upgrades ratings of 12 Vietnamese banks

Moody''s Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Viet Nam''s sovereign rating to Ba2 from Ba3.
Green finance represents a tremendous opportunity for Vietnamese banks

Green finance represents a tremendous opportunity for Vietnamese banks

Nearly 7 in 10 Vietnamese consumers (68 per cent) would consider switching from their current financial services providers for a bank or financial institution with a stronger commitment to sustainability.
Vietnamese banks expected to get better credit ratings

Vietnamese banks expected to get better credit ratings

Ratings of Vietnamese banks are expected to be continually improved thanks to Viet Nam’s positive sovereign credit rating.
Foreign ownership regulation hinders banks from finding strategic shareholders

Foreign ownership regulation hinders banks from finding strategic shareholders

Many banks expect the participation of foreign strategic shareholders will help them increase capital and improve governance capacity and competitiveness, but the current regulations on foreign ownership ratio are making it difficult, according to experts.
Vietnamese banks remain attractive to foreign investors

Vietnamese banks remain attractive to foreign investors

Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic.
Moody affirms its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks

Moody affirms its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks

Credit rating agency Moody''s on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.
Viet Nam to stop issuing magnetic strip cards from March

Viet Nam to stop issuing magnetic strip cards from March

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Viet Nam (SBV) draft circular.