Bank

"The Ho Chi Minh City government is offering preferential loans of up to VND 200 billion per project at 0% interest to businesses with projects in the supporting industries sector. This initiative aims to boost key industries, including automation and mechanical engineering, electronics, information technology, textiles, and footwear."

On November 16, 2024, HDBank excelled by clinching three prestigious awards at the Listed Companies Awards (VLCA) 2024. The bank has been a trailblazer in the financial industry, committed to transparency and professional governance.

The Banking Inspection and Supervision Agency has requested that provincial and municipal branches of the State Bank of Vietnam conduct thorough inspections and closely monitor all Eximbank branches.

The State Securities Commission (SSC) has confirmed receiving the necessary documents for Vietbank's (VBB on UPCoM) stock dividend issuance, aiming to boost its charter capital by VND 1,428 billion. With this capital increase, Vietbank's charter capital will rise to VND 7,139 billion. This crucial step of finalizing the procedures with the SSC empowers Vietbank to strengthen its financial capabilities and lay the groundwork for expanding its nationwide network.

To express our gratitude to our valued customers, shareholders, and companions on our journey of growth, SHB has launched a series of initiatives with the heartfelt message, "Thank you for soaring with SHB for 31 years." These initiatives are creatively and impressively designed to evoke a range of emotions and leave a lasting impression.

"The financial powerhouse of Ho Chi Minh City, the State Financial Investment Company, is offering an unprecedented opportunity for select priority sectors. They are committed to supporting these sectors by providing a 100% interest rate subsidy on loans for eligible projects. This bold move underscores the city's dedication to fostering growth and development in key areas."

Eximbank has stated that it has not received any communication from the State Bank of Vietnam (SBV) regarding a potential inspection of the bank's recent credit activities.

The Q3 2024 NIM for banks across the board witnessed a decline compared to Q2, indicating the industry is grappling with a host of challenges. A stark contrast is emerging between large and small banks, giving rise to an uneven competitive landscape. This dynamic environment demands that banks adopt more agile strategies to enhance their performance and keep pace with the evolving market conditions.

While gold prices continue on a downward trajectory, USD rates at banks soar, leaving the 25,500 VND mark far behind.

Last week (November 11–18, 2024), the State Bank of Vietnam (SBV) continued to ramp up its open market operations (OMO) by purchasing long-term bonds. This marks the third consecutive week of net injections by the central bank, providing liquidity support to the banking system.