Vietnamese tech executive wins recognition The second CIO50 in ASEAN was run by IDG this year to recognise the top 50 senior technology executives driving innovation, strengthening resiliency and influencing rapid change.

Switching listing helps banks boost stock value Local banks are rushing to switch their listings from the UPCOM or the HNX to the major trading bourse HOSE, which will help increase their stocks value, transparency and liquidity.

VIB lists nearly one billion shares on HoSE Nearly one billion Vietnam International Bank (VIB) shares were listed on the Hồ Chí Minh Stock Exchange (HOSE) on Tuesday with the reference price for the first day of trading set at VNĐ32,300 (US$1.4).

VIB's pre-tax profit surges 52% in Q3 As of September 30, 2020, the bank's total assets reached over VNĐ213 trillion while its credit over VNĐ151 trillion, up 14.2 per cent year-over-year, tripled the industry average, according to the data. 

Banks push bancassurance amid low credit growth

Banks are pushing the sale of life insurance products (bancassurance) in the context of low credit growth since the beginning of this year due to the impacts of the COVID-19 pandemic.

Banks do well in first half but difficulties lie ahead for the year Nine of the 10 large-cap banks on the stock market are estimated to report positive profit growth for the second quarter of the year, according to SSI Securities Corporation (SSI)

VIB's journey to large retail bank Vietnam International Bank (VIB) aims to earn pre-tax profit of VNĐ4.5 trillion (over US$193 million) in 2020, up 10 per cent year-on-year. 

IFC raises trade finance limits for VIB to $144 million "IFC’s guarantee will help local banks significantly extend trade finance to more importers and exporters, some of which are credit-constrained and rely on bank trade facilities to manage cash flows and purchase raw inputs,” said VIB Chief Executive Officer Hàn Ngọc Vũ. 

First bank in Việt Nam complete Basel II three pillars

CEO Hàn Ngọc Vũ said VIB considers the implementation of all Basel II three pillars as one of the important tasks in the long-term for the bank's risk management.

Banks offering more and more free deals This is a far cry from two years ago, when charges were placed on electronic services in a bid to increase bank revenue.