In a bid to increase the number of females in leadership positions at banks, World Bank Group member IFC and the State Bank of Vietnam (SBV) are partnering to promote innovative and impactful initiatives for sustainable and inclusive economic growth.
The State Bank of Vietnam (SBV) in late 2020 issued Circular No.16/2020/TT-NHNN amending Circular No.23/2014/TT-NHNN guiding the opening and use of payment accounts at payment service providers, which is one of the prominent legal documents issued to promote the transformation and development of cashless payments.
The government and the International Finance Corporation aims to increase the number of women in leadership positions in banks.
Leaders of the Ministry of Industry and Trade, the Ministry of Public Security as well as the State Bank of Vietnam have concurred that operations of foreign exchange (forex) platforms are illegitimate, while cryptocurrencies are not methods of payment compliant with law in the nation.
A number of banks continue planning to raise capital this year to improve their financial capacity and many have already deployed plans to attract more foreign capital.
Generali Vietnam Life Insurance LLC (“Generali Vietnam”) officially launches its “More than just a place to work” people strategy, with an aim to become the best employer in the Vietnam insurance and finance industry.
Under the draft circular, the SBV would provide refinancing loans worth a maximum of VND4 trillion (US$172.85 million) for credit institutions being the carrier’s lenders.
Lender Eximbank targets more than a 60 percent growth in pre-tax profits to VND2.15 trillion ($93.47 million) this year.
Today, Hanwha Life Vietnam has officially signed an MoU with Pharmacity, one of the leading drugstore chains in Vietnam, with a view to intensifying healthcare benefits and conveniences for customers. This event is also aimed at realising Hanwha Life’s mission to build a comprehensive life solution for customers in the Vietnamese market.
PGBank wants to call off its long-delayed merger with the HDBank, since the delay has affected its business.