Vietnam

Malaysia's CIMB to expand in Laos through Thai unit

CIMB Group will expand in Laos through its Thai unit as the two countries share a historical and trade relationship.

Malaysia's CIMB to expand in Laos through Thai unit

CIMB Group will expand in Laos through its Thai unit as the two countries share a historical and trade relationship.

Vietnam allows banks higher lending targets to spur growth

Vietnam's central bank has allowed lenders to raise their credit growth targets up to 27 percent from a cap of 17 percent.

Vietnam's restructuring produces first bank merger

The State Bank of Vietnam's master plan to restructure the banking system initiated in April has produced its first merger.

Bank branch in Vietnam receives no customers over 2 years

For the past two years, a branch of the Vietnam Development Bank has received no customer capable of meeting its criteria for loans.

HSBC to retreat from Vietnamese Bao Viet group

HSBC plans to sell the shares it is holding of Vietnamese Bao Viet, a big insurance group.

More credit loans eyed for Vietnam businesses

Senior experts made online discussions of ways of handling low growth of credit loans in Vietnamese banks.

Vietnam's OCB to get credit loans for SMEs

The Orientation Commercial Bank of Vietnam will get a credit loan worth US$10 million from the International Finance Corporation to support SMEs.

Prudential, Maritime Bank to provide bancassurance one-stop shop

Prudential Vietnam Assurance Company signed a partnership deal with Maritime Bank for providing bancassurance services in the bank’s network.

Reports of fat Vietnam bank profits inaccurate: inspectors

Central bank inspectors revealed that banks’ profit in Vietnam for 2011 was not as big as reported by many commercial banks.

Vietnam stopping use of gold for savings, lending

Vietnam's credit organisations are being required by the State Bank of Vietnam to refuse depositing and lending of gold.

Habubank-SHB merger enters 2nd of 3 stages

The merger of Habubank and Sai Gon-Ha Noi Bank is soon to reach the second stage of a three-stage process.

Vietnamese banks remained weak in 2011

The State Bank of Vietnam reports less than satisfactory metrics for Vietnam’s banking sector in 2011.

Massive bank bad debts endanger Vietnamese economy

The stimulus that led to Vietnam’s huge economic growth the past decade has raised a huge problem of its own.

Habubank-SHB merger gets approved

The merger between Habubank and SHB has been approved Governor of the State Bank of Vietnam, Nguyen Van Binh.

Techcombank, Vietnam Airlines launch credit card

Techcombank has introduced their new international credit card for high-class passengers who usually travel on Vietnam Airlines’ flights

TienPhongBank to lend $144M in low interests

TienPhongBank has allocated US$144 million to provide low-interest loans for enterprises.