Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.

Some of 11,000 athletes from 20 countries and territories on October 13 participated in the VPBank Hanoi International Marathon 2024, which took place at Dong Kinh Nghia Thuc Square to celebrate the capital city’s Liberation Day.

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the Japan Bank for International Cooperation (JBIC) have recently signed a credit agreement worth up to 150 million USD to finance renewable energy and power transmission projects in Vietnam, contributing to the national goal of achieving net-zero emissions by 2050.

As the traditional Lunar New Year (Tet) festival is just around the corner, commercial banks are offering a wide range of promotional programmes and financial solutions to encourage cashless payment during the peak shopping season.

The State Bank of Vietnam (SBV) must ensure sufficient credit supply for the economy in the rest of this year, requested Prime Minister Pham Minh Chinh in a recent dispatch.

Many domestic banks have reported positive growth in profit in the third quarter and the first nine months of 2023 even amid the slow credit expansion and a downturn trend in profit of the whole banking sector.

After more than two months of operation of the trading platform for privately placed corporate bonds, another 56 corporate bond codes were registered to be traded on the system last month, with the transaction value doubling that of August, said the Hanoi Stock Exchange (HNX).

Going against the usual rule of gradual increases in the last months of a year, deposit interest rates in most banks are anchored at low levels, and even some continue to decrease.

Banks are reducing lending interest rates by 1-3% per year compared to 2022 to stimulate demand for home loans in the wake of the loan decline.

Many banks are starting procedures to pay dividends to shareholders from now until the end of the year.

A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2023, which is its annual activity to recognise efforts to develop the prestige and brands of the financial-banking sector.

The State Bank of Vietnam (SBV) just allowed the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to raise its charter capital from 47 trillion VND (2 billion USD) to 55 trillion VND (2.3 billion USD) by issuing shares to pay dividends from the remaining profits of 2019 and 2020.

Moody's Investors Service (Moody's) has maintained the Ba3 ratings and stable outlook for the Vietnam Prosperity Joint Stock Commercial Bank (VPBank).

The Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has officially signed a strategic collaboration agreement with Amazon Web Services (AWS) in enhancing digital banking experiences for its customers.

Foreign investors’ continuous investment in Vietnam has shown their optimistic about the country’s economic outlook, despite the difficult situation of the global banking sector.

Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement.

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.

The Hanoi VPBank International Marathon (VPIM) 2023, an official annual sporting event of the capital city, is scheduled to take place on October 8.

The International Finance Corporation (IFC) has completed the disbursement of a loan worth nearly 3.7 trillion VND (150 million USD) to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to promote projects which would create sustainable value for the business community and the economy.