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In the unofficial trading market on Saturday morning, the U.S. dollar experienced a decline against the Vietnamese dong. The greenback was sold 0.04% lower at VND26,410 at these non-official trading spots. Meanwhile, Vietcombank, a significant financial…
Home Credit Vietnam has been awarded ‘Finance Company of the Year’ for the second consecutive year, and also received the ‘Sustainability Initiative of the Year’ at the Asian Banking & Finance Retail Banking Awards 2026. The awards acknowledge the company’s…
Techcombank, Vietnam Technological and Commercial Joint Stock Bank, is strategizing to bridge global capital with Vietnam’s escalating investment needs. The bank is placing digital financial infrastructure at the forefront, seeing it as a pivotal factor for…
Jorge Rubio Nava, Global Head of Citi Social Finance, recently outlined Citi’s global role in social finance and the prospects for growth in Vietnam and throughout Asia. Citi’s Impact in Social Finance Since its establishment in 2005, Citi Social Finance has…
Geopolitical uncertainties, economic recession concerns, and increasing skepticism around the supremacy of the U.S. dollar are leading to a shift in the investment strategies of affluent families globally. The new Global Family Office Report from UBS reveals…
The Oversea-Chinese Banking Corporation (OCBC) has announced plans to bolster its wealth-management staff in Hong Kong by 30% this year. This move is a strategic reaction to an increasing demand from its clientele for investment and financing services.…
Citigroup has announced the appointment of two seasoned bankers to senior roles within its Financial Institutions Investment Banking division. This move forms part of the bank’s strategic initiative to bolster its global insurance and specialty finance…
HSBC Holdings Plc recently announced financial results that fell short of projections, impacted by unexpected fraud-related charges in the UK and escalating economic uncertainties due to the Middle East conflict. Financial Outcome Below Expectations In the…
Catherine Simmons, a significant figure in the U.S.-ASEAN Business Council, shared her insights following a recent delegation visit to Hanoi. Simmons discussed the importance of the visit, the financial sector’s key messages, and Citi’s future forecasts for…
In a strategic move to bolster its foothold in Southeast Asia’s most significant economy, OCBC has entered into an agreement to procure HSBC’s retail banking and wealth management operations based in Indonesia. The Acquisition Details OCBC’s Indonesian…
In an endeavor to support consumers during a time of economic uncertainty and surging expenses, DBS Singapore has announced the provision of S$10 million (US$7.8 million) in cashback redemptions. These will be available for DBS and POSB cardholders, as well…
Swiss investment company, Vontobel, has announced its plan to establish a new office in Düsseldorf in 2026. This new branch will further assert their position in Germany, with a particular focus on high-net-worth individuals (HNWIs) and family offices in…
As the conflict in the Middle East escalates, DBS, a Singapore-based bank, is observing a significant rise in safe haven flows, leading to an increase in deposit growth. However, this development could also lead to a downward trend in Singapore’s interest…
A report by HSBC Life reveals that a significant percentage of Asian high net worth individuals (HNWIs) do not have legacy plans in place, thereby exposing substantial wealth to potential vulnerabilities. This lack of planning is especially prevalent among…
Historically, US equities have demonstrated strong performance following significant conflicts. However, DBS asserts that the current Middle East conflict may not follow this trend, warning investors against complacency in this situation. The Ongoing Conflict…
DBS, a Singaporean financial institution, is expanding its operations in mainland China by acquiring a bond underwriting license. With this license, the bank’s China division is now permitted to function as a principal underwriter for non-financial corporate…
