Specifically, with 84.6 points, four points higher than the previous year, Techcombank surpassed Vietcombank to secure the top spot. Vietcombank fell to the second place with a score of 84.3, while MB climbed to the third place with a score of 81.6, up one place from the previous period.

This is the third year in a row Techcombank has won the award, confirming its strong leadership in digital banking.

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.

S&P Global Ratings has reaffirmed Techcombank’s issuer rating of BB- with a “stable” outlook, highlighting the bank’s robust profitability, stable capitalisation and strong asset quality.

Private conglomerate Vingroup and Vietnam Technological and Commcercial Joint Stock Bank (Techcombank) have proposed a new preferential credit package for social housing.

Banks will need to issue new Tier-2 capital bonds to replace maturing bonds and bolster their capital adequacy ratios, said experts.

Masan Group Corporation on April 23 announced that it has completed the mobilisation of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been named the Best Bank in Vietnam by US-based financial publication Global Finance, at its 31st annual awards for the World’s Best Banks.

Fifteen Vietnamese banks are named among the world’s top 500 most valuable banking brands this year according to the Brand Finance Banking 500 2024 ranking. In the recently released ranking, Vietcombank is the Vietnamese bank with the highest brand value in 2024. Globally, Vietcombank ranks 133rd, up 4 positions compared to 2023.

The credit rating organisation Moody's announced an update of the outlook for the Technological and Commercial Joint Stock Bank (Techcombank) to stable.

CareerViet, a leading job network in Vietnam, on February 23 announced winners of its Employer of Choice 2023, honouring the most favourite employers last year.

News of many banks planning to pay dividends, especially cash dividends, have attracted attention from investors in the first month of the new year.

Q3 2023 financial statements of commercial banks have revealed the top 10 banks in terms of the current account savings account (CASA) ratio as of September 30, 2023.

Increasing costs for credit risk provisions made many commercial banks’ profits decline in the third quarter of 2023.

Many domestic banks have reported positive growth in profit in the third quarter and the first nine months of 2023 even amid the slow credit expansion and a downturn trend in profit of the whole banking sector.

Experts forecast interest rates will drop about half a percentage point from now to the year’s end to stimulate production and business activities and fuel economic recovery.

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2023, which is its annual activity to recognise efforts to develop the prestige and brands of the financial-banking sector.

The number of new customers of commercial banks has increased dramatically in recent years thanks to their digital applications.

Vietnamese banking brands are riding high with a growth of 31.3% in brand value in 2023, according to Brand Finance Banking 500 Report.

The race to lure deposits among banks is becoming fiercer as more customers are selected medium- and long-term savings to get higher interest rates.