Vietnam

 

 

Vietnam banks exposed to the Vinashin’s US$600 million unsecured loan were given a credit negative by Moody’s.

Opening a branch in Ho Chi Minh City is part of its move to expand its 10 overseas branches.

Global lender sees country as venue of exciting opportunities for local and international investors.

Surge in profits was propelled by government's stimulus package that fostered bank's lending.

Collaboration with IFC and Bank of Nova Scotia will give lender expertise in its global expansion.

DBS Bank will set up its first branch in Ho Chi Minh City, Vietnam this year after receiving regulatory approval.

ABBank's selling of 5% of its stake to Maybank makes it on equal footing with HSBC.

RBS Vietnam became the second of six markets to transition to ANZ ownership after the acquisition of RBS Philippines.

Shinhan is targeting the 90% of Vietnamese people who have yet to open a bank account with its new launch into Vietnam.

The service will provide Standard Chartered Bank’s customers with a series of global services including financial solutions in banking transactions, loans, guaranties, investments, new products and high-quality services, in addition to attractive interest rates, said a report in VOV News.

After being chosen by the Cambodian government to facilitate tax payments, Acleda Bank's ATMs will now receive electricity payments in behalf of the Electricité du Cambodge.

HSBC Vietnam opened its first regional branch in Vietnam in Binh Duong—its first full service branch in operation outside Hanoi and Ho Chi Minh City.

HSBC intends to penetrate Vietnam's promising personal banking segment where less than 10 percent have a bank account. Thus it will soon double its reach in Vietnam by opening three more outlets in Ho Chi Minh City.

HSBC will double its network in Hanoi to four outlets, in addition to its headquarters branch in Ho Chi Minh City.