Vietnam
Techcombank records 19.5% higher net profit of $851.96m for 2024
Techcombank records 19.5% higher net profit of $851.96m for 2024
Fees and commission income fell, but interest income rose.
21 hours ago
Vietnam’s ABBANK launches new business digital banking platform
It offers money transfer services and quick bill payment options.
5 days ago
Mortgage growth to lift Viet banks’ earnings in 2025
Mortgage loans may grow by 20% during the year, from 10% in 2024.
Vietnam's banking system poised to achieve 16% credit growth: SBV
The growth targets for credit institutions will be determined based on their 2023 ratings.
Over 3 in 4 Visa payments in Vietnam are contactless
Over 4 in 5 in Vietnam named mobile wallets as their preferred payment method.
Vietnam’s Cake Digital Bank achieves profitability
Revenue per user is US$12 in 2024, and payment transactions are $4.7b.
Visa inks MOU with Vietnam's FPT to modernize public services
They aim to expand access to finance by equipping SMEs with business credit cards.
Vietnam’s central bank urges credit firms to reduce loan fees, simplify process
Credit institutions are asked to review fees with view of possible exemptions.
Vietnam’s debit card payments to reach $65.6b in 2028
Debit card use is dominant, but still limited to cash withdrawals.
Vietnam digital bank Cake debuts cloud connect CMS with Visa
It is the first bank to implement Visa Cloud Connect on Google Cloud Infrastructure.
Techcombank to sustain strong loan growth
It is also expected to maintain a risk-adjusted capital (RAC) ratio of 5.0 to 5.5%.
HDBank reports profit before tax of $500m for Q3
Its consumer finance arm HD SAISON grew its loan book by 15%.
Techcombank logs 25.58% higher net profit in Q3
Net interest income rose, but fee and commission income were lower.
Vietnam’s debit card payments market to be worth $65.6b in 2028
The rising number of banked Vietnamese is pushing up adoption, although payment usage remains low.
Techcombank eyes more business clients with southern expansion
Vietnam’s fourth-largest bank by assets seeks to expand in Ho Chi Minh City and surrounding regions.
Vietnam’s VP Bank, Lotte team up to offer buy now pay later services
They will also issue co-branded cards in Vietnam.
Typhoon debt relief to squeeze Vietnamese banks profitability
It will delay the formation of bad loans.
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