Category: Finance

Retail Asia18/07/2023
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2min0
The U.S. dollar fell against the Vietnamese dong on the black market Monday morning. Unofficial exchange points sold the greenback at VND23,700, down 0.04% from Sunday. Techcombank raised its rate by 0.01% to VND23,818. Vietcombank maintained it at VND23,810. The State Bank of Vietnam decreased its reference rate by 0.08% to VND23,701. The dollar has […]

Retail Asia18/07/2023
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3min0
UBS selects EY as its auditor for the expanded bank following its takeover of Credit Suisse in March. PwC will audit Credit Suisse’s books for 2023. EY will have lots more work to do at UBS starting next year, having been retained to audit the merged entity starting next. The Big Four firm has been […]

Retail Asia17/07/2023
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1min0
Digital wallet Apple Pay will soon be available in Vietnam. At least one bank has announced that it will soon support Apple Pay services. Sources have told VnExpress that three other major banks will also launch Apple Pay by the end of this month. Users can add their credit and debit card information to Apple Pay and […]

Retail Asia13/07/2023
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1min0
The bank has made further personnel decisions as it reshuffles staff following its takeover of Credit Suisse. UBS has made another round of personnel decisions, appointing Patrick Grob as head of Global Wealth Management Unified Global Markets in the process, according to an internal memo. The global markets team also reportedly includes Brent Johnson (head of execution services), Dushyant Chadha (head […]

Retail Asia10/07/2023
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8min0
UOB Vietnam, a subsidiary of UOB, is proud to mark three decades of unrelenting support for Vietnam and its people. The bank held a gala dinner on Wednesday for clients and partners to thank them for their support and trust. To commemorate the 30th anniversary, it also announced a partnership with Saigon Children’s Charity to […]

Retail Asia07/07/2023
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6min0
Techcombank has been extending technological collaboration with worldwide partners and organizations in order to improve client personalization, digitization, and security. The bank aims to lead the digital transformation of Vietnam’s financial industry with a three-pillared strategy focusing on digital, data, and talent. Digital banking would make regular banking easier, more convenient, and simpler. Data is […]

Retail Asia05/07/2023
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3min0
State-owned VietinBank is selling 358 foreclosed properties pledged by loan borrowers, including four- and five-star hotels, worth a total of VND8 trillion (US$337.69 million) to realize their debts. The properties will be either auctioned or negotiated for sale. The bank is also selling 38 vehicles, machines and other equipment. The most valuable asset is a […]

Retail Asia04/07/2023
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3min0
State-owned VietinBank is selling 358 foreclosed properties pledged by loan borrowers, including four- and five-star hotels, worth a total of VND8 trillion (US$337.69 million) to realize their debts. The properties will be either auctioned or negotiated for sale. The bank is also selling 38 vehicles, machines and other equipment. The most valuable asset is a […]

Retail Asia01/07/2023
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5min0
As we’re sure you’ve seen, cryptocurrencies and blockchain technology have become very popular over the past decade, gaining ground in all markets, including Asia. It is for this reason that numerous exciting cryptocurrency and blockchain projects are currently being developed in Asia, having the ability to have a significant impact on a variety of industries. […]

Retail Asia30/06/2023
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3min0
HSBC’s Swiss private banking unit is hiring a whole range of new staff from major banks and Geneva-based competitors like Lombard Odier. HSBC Private Bank (Switzerland) has been busy recruiting and strengthening its offshore business from Switzerland in the first half of the year, according to a statement on Thursday. Juan Antonio Roche is appointed the […]

Retail Asia22/06/2023
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1min0
Lender LPBank, formerly LienVietPostBank, has named Ho Nam Tien its new CEO. Tien, 52, has been with the bank since 2010 and has 30 years of experience in the financial and banking sector, including in senior positions at several companies. He replaces Pham Doan Son, who resigned as CEO in March due to personal reasons. […]

Retail Asia15/06/2023
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4min0
Swiss banking software maker Avaloq is partnering with Blackrock. Together, the companies aim to make their services available to private banks and wealth managers. According to a joint announcement Wednesday, Avaloq and Blackrock are entering into a strategic partnership. Furthermore, Blackrock has acquired a minority stake in Avaloq. Details of the Deal were not disclosed. […]

Retail Asia07/06/2023
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3min0
The SNB takes a step to better optimize operations in a number of different currencies, markets, and time zones. The Swiss National Bank’s operating unit will start a two-year pilot project from August 2023 under which it will split operations between Zurich and Singapore, according to information received by finews.com. With that step, it intends to improve […]

Retail Asia05/06/2023
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1min0
A few years after selling its wealth management business in Spain, UBS will soon serve wealthy clients on the peninsula again. UBS will keep Credit Suisse’s private banking business in Spain, citing a statement by a spokesperson. In an effort to «restore calm» among bankers and clients after recent turbulences related to its takeover of […]

Retail Asia31/05/2023
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4min0
The opening of China’s financial sector has hit a speed bump, particularly amongst US banks, due to a changing business environment. In 2019, China decided to accelerate the opening of its financial sector with the introduction of various new measures, including the elimination of foreign ownership limits. At the time, mainland China’s financial market had an estimated value of […]


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