State Bank of Vietnam

SeABank and AEON Financial Service have signed a Memorandum of Understanding for strategic cooperation and exchanged the Capital Transfer Agreement of PTF Financial Company

Retrieved on: 
Monday, December 18, 2023
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AEON Financial is a member of the financial sector within the AEON Group, the largest retail conglomerate in Japan, with a strong presence in Japan, China, and Southeast Asia, including Vietnam.

Key Points: 
  • AEON Financial is a member of the financial sector within the AEON Group, the largest retail conglomerate in Japan, with a strong presence in Japan, China, and Southeast Asia, including Vietnam.
  • As of the end of February 2023, AEON Financial has reached 48 million credit card users.
  • The signing of the Memorandum of Understanding for strategic cooperation opens opportunities for SeABank and AEON Financial to deepen collaboration, aiming to become comprehensive partners and maximize the strengths of both parties.
  • Before, SeABank and AEON Financial had signed a contract to transfer the entire capital contribution of SeABank to Postal Finance Company (PTF) for a transfer price of 4,300 billion VND.

SeABank and AEON Financial have signed a transfer contract for PTF Financial Company valued at 176.6 million USD

Retrieved on: 
Friday, November 10, 2023
AEON, Seabank Hotel, PTF, SSB, State Bank of Vietnam, Financial services, State bank, Aeon Group, Security (finance)

The signing of the contract to transfer the entire capital contribution at PTF is an activity that was approved by the SeABank General Shareholders' Meeting as part of the roadmap to seek potential foreign investors interested in acquiring SeABank's capital contribution in PTF.

Key Points: 
  • The signing of the contract to transfer the entire capital contribution at PTF is an activity that was approved by the SeABank General Shareholders' Meeting as part of the roadmap to seek potential foreign investors interested in acquiring SeABank's capital contribution in PTF.
  • Le Thu Thuy, Vice Chairman of the Board of Directors of SeABank, said: "AEON Financial is one of the leading companies in the consumer finance sector.
  • We will make as many contributions as possible to the Vietnamese financial market with our know-how accumulated in Japan and other Asian countries."
  • After signing the contract, both parties will seek the approval of the State Bank of Vietnam to complete the transfer transaction.

SeABank and AEON Financial have signed a transfer contract for PTF Financial Company valued at 176.6 million USD

Retrieved on: 
Friday, November 10, 2023
AEON, Seabank Hotel, PTF, Multimedia, SSB, State Bank of Vietnam, Financial services, State bank, Aeon Group, Security (finance)

The signing of the contract to transfer the entire capital contribution at PTF is an activity that was approved by the SeABank General Shareholders' Meeting as part of the roadmap to seek potential foreign investors interested in acquiring SeABank's capital contribution in PTF.

Key Points: 
  • The signing of the contract to transfer the entire capital contribution at PTF is an activity that was approved by the SeABank General Shareholders' Meeting as part of the roadmap to seek potential foreign investors interested in acquiring SeABank's capital contribution in PTF.
  • Le Thu Thuy, Vice Chairman of the Board of Directors of SeABank, said: "AEON Financial is one of the leading companies in the consumer finance sector.
  • We will make as many contributions as possible to the Vietnamese financial market with our know-how accumulated in Japan and other Asian countries."
  • After signing the contract, both parties will seek the approval of the State Bank of Vietnam to complete the transfer transaction.

HDBank: Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan

Retrieved on: 
Friday, August 4, 2023
State Bank of Vietnam, Return, HO, HD, Sustainable finance, State, Welfare, HOSE, Citibank, Agriculture, CIR, VND, Commercial bank, Fruit, USD, Capital adequacy ratio, Asset, CAR, Guideline, NEWS, State bank, Growth, Yoy, Digital, Wells Fargo, Sustainable development, YTD, ROE, SME, Annual general meeting, Pharmaceutical industry, Security (finance), Management, Cryptocurrency, Bank, Basel

HDBank: Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan

Key Points: 
  • HDBank: Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan
    The issuer is solely responsible for the content of this announcement.
  • Announcing profit of almost USD 232.4 million and adopting Basel III, HDBank continues moving forward with its sustainable business plan
    HO CHI MINH CITY, VIETNAM - Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HOSE: HDB) has announced its first half results with pre-tax profits of nearly VND 232.4 million, which extended its growth track record in the 10th consecutive year.
  • According to the financial statement, as of June 30, 2023, HDBank's total assets reached USD 20.4 billion, up 26% year-over-year (YoY).
  • Total funding reached USD 18.17 billion, up 17.4% year-to-date (YTD), with customer deposits reaching USD 13.08 billion, up 44%.

SeABank's stock, SSB, has been selected by HOSE to be included in the VN30-Index basket

Retrieved on: 
Monday, July 31, 2023
State Bank of Vietnam, HOSE, SSB, Frontier markets, VND, Government, Seabank Power Station, MSCI, ETF, State bank, Growth, Exchange-traded fund, Cryptocurrency

According to the press release, on July 17, 2023, HOSE announced the portfolio of stocks included in the VN30 and VN-Finlead indexes, which would be effective from August 7, 2023.

Key Points: 
  • According to the press release, on July 17, 2023, HOSE announced the portfolio of stocks included in the VN30 and VN-Finlead indexes, which would be effective from August 7, 2023.
  • SSB was chosen to be included in the VN30 basket as it met the requirements set by the HOSE Index Rules.
  • Previously, SSB was also added to the Morgan Stanley Capital Index (MSCI) Frontier Markets Index starting from March 1, 2023.
  • According to experts, stocks included in the MSCI Frontier Markets Index may be targeted by ETF (Exchange Traded Fund) funds that track frontier market stocks.

SeABank's stock, SSB, has been selected by HOSE to be included in the VN30-Index basket

Retrieved on: 
Monday, July 31, 2023
State Bank of Vietnam, HOSE, SSB, Frontier markets, VND, Multimedia, Government, Seabank Power Station, MSCI, ETF, State bank, Growth, Exchange-traded fund, Cryptocurrency

According to the press release, on July 17, 2023, HOSE announced the portfolio of stocks included in the VN30 and VN-Finlead indexes, which would be effective from August 7, 2023.

Key Points: 
  • According to the press release, on July 17, 2023, HOSE announced the portfolio of stocks included in the VN30 and VN-Finlead indexes, which would be effective from August 7, 2023.
  • SSB was chosen to be included in the VN30 basket as it met the requirements set by the HOSE Index Rules.
  • Previously, SSB was also added to the Morgan Stanley Capital Index (MSCI) Frontier Markets Index starting from March 1, 2023.
  • According to experts, stocks included in the MSCI Frontier Markets Index may be targeted by ETF (Exchange Traded Fund) funds that track frontier market stocks.

Wolters Kluwer Experts to Share Financial Risk Insights With Vietnam’s Regulatory Leaders

Retrieved on: 
Monday, May 15, 2023
Legal, Technology, Finance, Banking, Accounting, Professional Services, Software, Data Analytics, Data Management, Asset Management, State Bank of Vietnam, Associate Director of National Intelligence and Chief Information Officer, FRR, Treasury, Digital technology, ALM, Bank, IEC, State bank, ESG, Commercial, Hotel Meliá, Melia, International Principles on the Application of Human Rights to Communications Surveillance, Risk management

Experts from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) will offer insights at the “Transforming and Improving Financial Risk Management with International Principles and Standards” event taking place on Tuesday, May 16, at the Melia Hotel in Hanoi.

Key Points: 
  • Experts from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) will offer insights at the “Transforming and Improving Financial Risk Management with International Principles and Standards” event taking place on Tuesday, May 16, at the Melia Hotel in Hanoi.
  • The conference is co-hosted by leadership from Vietnam’s Central Economic Commission, along with leadership from the State Bank of Vietnam.
  • Wolters Kluwer and IEC Group are co-organizers of the conference.
  • Wolters Kluwer FRR, which is part of the company’s Corporate Performance & ESG division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.

VNBA joined hands with Tradepass to orchestrate Vietnam's most disruptive fintech show

Retrieved on: 
Tuesday, April 25, 2023
Cloud, State Bank of Vietnam, JSC, Senior, Life, Taiwan Oil Field Exhibition Hall, Alibaba Cloud, FSI, Information technology, Development, Nucleus Software Exports, State bank, Digital, Contour, Heart, WFIS, OutSystems, Policy, Parasoft, Innovation, Attention, Controlled digital lending, Cloud computing, Digital transformation, GM, Map, ANZ, Exhibition, CIO, SBV, Investment, Blockchain, MoEngage, SEA, Cryptocurrency, Consumer, Bank, World Bank, Artificial intelligence, Online shopping, Techcombank, Insurance, Genesys

While acknowledging the shift in consumer behavior, Vietnam has welcomed myriad fintech advances in its financial ecosystem.

Key Points: 
  • While acknowledging the shift in consumer behavior, Vietnam has welcomed myriad fintech advances in its financial ecosystem.
  • Digital payments, peer-to-peer (P2P) lending, cryptocurrencies, blockchain-based solutions, investment tech, point of sales and a host of other streams have proliferated in the recent years.
  • It also shed light on the latest, most trending developments that are shaping to be the areas attracting maximum investor focus.
  • The curation of topics for the conference was completely on point and paved the future road map for the country's FSI.

ASEAN's most rewarding FSI event is now heading to Vietnam

Retrieved on: 
Wednesday, March 29, 2023
Cloud, State Bank of Vietnam, Fintech, Executive, JSC, MoEngage, Exhibition, WFIS, Q&A, OutSystems, Central bank digital currency, Central bank, Ministry (collective executive), Nucleus Software Exports, Ministry of Finance (India), The X Factor Digital Experience, Alibaba Cloud, FSI, HHNH, History, Digital, Community business development corporation, Organization, State bank, Growth, Blockchain, Ecosystem, Contour, TCB, Online shopping, Cryptocurrency, ASEAN, Insurance, Automation, Genesys

In the wake of the above developments, World Financial Innovation Series (WFIS) which has had a remarkable history in ASEAN for powering the biggest FSI deals and partnerships through its event platform, is now debuting in Vietnam on 4 – 5 April 2023.

Key Points: 
  • In the wake of the above developments, World Financial Innovation Series (WFIS) which has had a remarkable history in ASEAN for powering the biggest FSI deals and partnerships through its event platform, is now debuting in Vietnam on 4 – 5 April 2023.
  • The 2-day event will host over 350 technology and business heads from the leading banks, insurance & micro-finance institutions across the country to create a buzzing market like no other.
  • ), MoEngage have already taken the lead by reserving their exhibition spaces at the event.
  • The agenda at WFIS 2023 – Vietnam has been specifically curated to bring out the most relevant intel from the most pressing industry topics.

Moody's Upgrades SeABank's Baseline Credit Assessment To B1

Retrieved on: 
Tuesday, April 26, 2022
State bank, Total, Community, NPL, SSB, ROA, B1, Orientation, Moody, Bank, Yoy, Growth, CIR, Moody's Investors Service, Seabank Power Station, ROE, State Bank of Vietnam, BCA, Orient Commercial Joint Stock Bank, Renewable energy

HANOI, Vietnam, April 26, 2022 /PRNewswire/ -- Moody's Investors Services (Moody's) upgraded the Baseline Credit Assessment (BCA) from B2 to B1 for Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code SSB).

Key Points: 
  • HANOI, Vietnam, April 26, 2022 /PRNewswire/ -- Moody's Investors Services (Moody's) upgraded the Baseline Credit Assessment (BCA) from B2 to B1 for Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code SSB).
  • Moody's has also maintained SeABank's long-term deposit and issuer ratings at B1 for the fourth consecutive year with positive outlook.
  • The Moody's assessment is a testament to the efforts of SeABank in business operations, asset quality, profitability and capital in 2021 with: Pre-tax profit reached US$ 144.38 million, equal to 135% of its 2021 budget.
  • At the same time, the NOII ratio also recorded an impressive growth of 126.5% over the same period, reaching US$ 32.98 million.