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Several banks plan to list share on stock exchanges
The drive toward listing is part of a broader strategy among banks to strengthen capital bases.
Economy
Central bank required to consider proposals on Basel III application
The direction is under the newly-issued Prime Minister's Directive 09/CT-TTg on the tasks and solutions of State-owned enterprises (SOEs) to contribute to the Government’s double-digit economic growth target.
Central bank injects more than 5 trillion VND into market
After many consecutive sessions of net withdrawal, the State Bank of Vietnam (SBV) last week net injected more than 5.09 trillion VND (199.7 million USD) through the open market operation (OMO) and bill channels to support liquidity in the banking system.
Reference exchange rate inches up 9 VND on March 11
PVcomBank and BPC mark 10 years of partnership: Shaping the future of banking in Vietnam
PVcomBank and Generali Vietnam sign exclusive life insurance distribution agreement
Int'l financial institutions show positive views on Vietnam's growth prospects
Malaysia vows to promote green investment collaboration during ASEAN chairmanship
Feb 26, 2025 10:15
In his speech at the 2025 ASEAN Banking and Finance Summit in Kuala Lumpur on February 25, Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said the bloc’s energy transition cannot occur in isolation and that no country can achieve its sustainability goals without strong regional cooperation.
Measures sought to promote banking sector's role in driving economic growth
Feb 11, 2025 12:30
PM Chinh highlighted the global shifts and policies impacting Vietnam since the start of the year, prompting the organisation of this meeting to assess the current situation and gather input from businesses and banks.
Reference exchange rate up on January 17
Jan 17, 2025 10:14
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,341 VND/USD on January 17, up 8 VND from the previous day.
PVcomBank: Delivering outstanding customer experiences
Jan 16, 2025 14:27
Founded in 2013, Vietnam Public Commercial Joint Stock Bank (PVcomBank) is the result of a merger between Petro Vietnam Finance Joint Stock Corporation (PVFC) and Western Commercial Joint Stock Bank (WesternBank). Over the years, PVcomBank has expanded to become the fifth-largest digital bank in Vietnam. Thanks to its commitment to deliver ‘Banking for Everyone’, it now serves over three million customers across various segments in Retail, SME, commercial and corporate.
Thailand plans to improve mobile banking security measures
Jan 02, 2025 10:10
The Bank of Thailand (BoT) is planning to improve mobile banking security measures by limiting certain groups of people, such as teenagers and the elderly, from transferring more than 50,000 THB (1,500 USD) per day.
Thailand plans to improve mobile banking security measures
Jan 02, 2025 10:10
The Bank of Thailand (BoT) is planning to improve mobile banking security measures by limiting certain groups of people, such as teenagers and the elderly, from transferring more than 50,000 THB (1,500 USD) per day.
ADB approves 500 million USD loan for Philippines's public financial management reform
Dec 13, 2024 10:42
The Asian Development Bank (ADB) on December 11 approved a 500 million USD policy-based loan to help the Philippines pursue its public financial management (PFM) reform agenda and ensure quality public services for its people.
Top legislator receives United Overseas Bank leader in Singapore
Dec 02, 2024 15:04
Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man received Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of United Overseas Bank (UOB) – one of the world’s top banks, within the framework of his ongoing official visit to Singapore on December 2.
Singapore proposes new law to curb bank scams
Nov 14, 2024 10:59
Singapore’s Protection from Scams Bill, presented to Parliament on November 11, proposes an unprecedented measure allowing police to issue Restriction Orders (RO) on suspected scam accounts. If it is passed, Singapore will be the first country to grant police authority to intervene in bank transactions to prevent fraud.
NA's 4th working week to focus on question-and-answer session
Nov 11, 2024 12:12
The agenda of the 4th working week of the 15th National Assembly (NA)’s 8th session from November 11-13 will focus on many important issues, with the highlight being a question-and-answer (Q&A) session taking place on November 1 and 12.
Malaysia unveils new investment portal
Nov 08, 2024 11:34
Malaysia on November 7 launched a new investment portal, "InvestMalaysia," designed to serve as a one-stop gateway for investors seeking information about Malaysia, attract global investors, and strengthen the country's position as an investment destination.
Cambodia announces new initiative to encourage use of local currency
Nov 06, 2024 11:52
The National Bank of Cambodia (NBC) and the country's Ministry of Commerce have recently announced a major step to promote the use of the local currency by encouraging businesses to register new bank accounts in riel.
Reference exchange rate adjusted down on October 30
Oct 30, 2024 14:47
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,246 VND/USD on October 30, down 6 VND from the previous day.
Individual customers' bank savings hit record high
Oct 07, 2024 10:57
Individual customers’ banking deposits hit a record high of more than VNĐ6.83 quadrillion as of the end of July 2024, newly released data from the State Bank of Việt Nam (SBV) shows.
Many banks stop transactions of ATM magnetic cards
Sep 25, 2024 14:48
Many banks have recently announced they are stopping transactions of domestic automated teller machine (ATM) cards with magnetic strips, to ensure security for customers in the context of increasing cyber crimes.
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