Banking & Finance

In moving towards the goal of “leaving no one behind” and as part of efforts in financial inclusion, banks are now looking at a range of solutions that include promoting the development of domestic credit cards in rural areas. Agribank has been implementing its “Agribank Digital” program in many localities, which allows customers to conduct transactions without going to a counter.

Mirae Asset Securities believes that interest rates will increase in the second half of 2022 to stabilize exchange rates and control inflation, which will affect industries and companies using a high degree of financial leverage. It is also optimistic about companies involved in industrial park (IP) development.

On August 30, 2022, in Ho Chi Minh City, HDBank and DEG co-organized a “German Desk Networking Event”, looking back on the one-year journey of German Desk cooperation. Through the German Desk, the German Government and DEG have provided support packages and financial solutions to businesses for sustainable economic development. HDBank has also provided commercial banking solutions for German businesses in Vietnam as well as Vietnamese businesses exporting to Germany and other European countries.

Citi Vietnam actively supported local efforts to combat Covid-19 and its impact, and responded effectively through philanthropic means as well as through its core business activities.

Mr. Nguyen Quoc Hung, General Secretary of the Vietnam Banks Association, said that compared to the 2005 Law on Electronic Transactions, the draft amended Law on Electronic Transactions that the National Assembly is consulting on features many improvements. Through opinions from members, however, the Association has found that there remain certain issues that need to be considered and adjusted to make the draft more feasible.

Moody’s has announced that it will maintain its positive “B1” credit rating for the Tien Phong Commercial Joint Stock Bank (TPBank). Only five other joint stock commercial banks in Vietnam received this rating in this year’s assessments from Moody’s.