Vietnam
Cake Digital Bank breaks even by meeting small needs
Cake Digital Bank breaks even by meeting small needs
The Vietnamese digital bank owes its success to quick loans and low-limit credit cards.
Nam A Bank to enjoy improved capital and profitability through 2026
Asset quality pressures are expected to moderate over the next 12-18 months.
Visa, DealMed unveil cross-border card instalment Vietnamese cardholders
75% of surveyed Vietnamese consumers plan to travel for leisure in 2025.
Vietnam transfers struggling banks' ownership to VPBank, HDBank
VPBank and HDBank now own GPBank and DongABank, respectively.
Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion
The bank will distribute PJICO’s non-life insurance products.
Techcombank records 19.5% higher net profit of $851.96m for 2024
Fees and commission income fell, but interest income rose.
Vietnam’s ABBANK launches new business digital banking platform
It offers money transfer services and quick bill payment options.
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%.
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08
Event News
The company was recognised for accelerating its growth and cementing leadership in wealth management.
