{
}
The Small and Medium Enterprise Development Fund (SMEDF) and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) have signed a framework agreement for indirect lending to support SMEs, particularly in innovative startups and industry clusters. This partnership aims to enhance the competitiveness of SMEs through improved access to capital, advanced technology, and streamlined digital financial solutions. Both parties are committed to fostering sustainable development in the SME sector, aligning with government policies.
VPBank is offering exclusive culinary experiences at Michelin-starred restaurants in Vietnam, providing discounts of up to 50% for customers using VPBanque credit cards. This promotion, running until December 31, 2024, includes over 28 participating restaurants and additional benefits at duty-free stores across Asia. Customers can also enjoy various incentives for spending in sectors like supermarkets and travel, enhancing their overall experience with the bank's services.
VPBank is offering exclusive promotions for credit cardholders, including discounts of up to 50% at Michelin-starred restaurants and various incentives for shopping and dining. Customers can enjoy significant savings when using VPBank credit cards, with additional benefits for contactless payments and international spending. The promotional programs are available until December 31, 2024, enhancing customer experiences across dining, shopping, and travel.
VPBank is offering exclusive promotions for credit card holders, including up to 50% off at Michelin-starred restaurants and various discounts at duty-free stores across Asia. Customers can also enjoy cashback incentives when using contactless payment solutions at select retailers. The promotional programs run until December 31, 2024, enhancing the overall customer experience with attractive dining, shopping, and travel benefits.
VPBank NEO enhances QR code payments by allowing users to pay with funds from overdraft accounts and credit cards, expanding options beyond just payment accounts. This service simplifies transactions with just three steps and offers attractive incentives, including discounts for credit card payments. The overdraft account provides financial flexibility, with competitive interest rates and no fees for retail customers.
Artificial intelligence is set to significantly transform Vietnam's economy, with projections indicating nearly $11 billion in sales for telecoms by 2025. The digital economy is expected to reach $220 billion, driven by advancements in AI, IoT, and cloud computing, necessitating new legal frameworks and training initiatives to support this growth.
Composite Capital Master Fund LP has divested its 10% stake in VPBank, reducing its holdings from 8 million shares to none as of October 9. Meanwhile, the Tianhong Vietnamien Market Equity Launched QDII Fund has acquired 8 million shares, representing nearly 91% of VPBank's capital. In related news, TPBank has seen PYN Elite Fund increase its holdings to 2024 million shares, while the International Finance Corporation has exited its stake.
EFG Bank AG has appointed Dr. Urs Buchmann as vice chairman and Ashish Gumashta as a member of its Regional Asia Advisory Board. Buchmann brings over 30 years of experience in Greater China, while Gumashta has a strong focus on the Indian market. Their expertise is expected to enhance EFG's growth strategy in the region.
VPBank has disclosed that 13 individuals own over 40.8% of its shares, with Chairman Ngo Chi Dung holding 4.14%. The new Credit Institutions Act, effective July 1, expands the definition of "related persons," resulting in Mr. Dung and associates controlling nearly 34% of the bank's capital. Additionally, significant stakes are held by institutional shareholders, including Sumitomo Mitsui with over 15%.
Japan Bank for International Cooperation (JBIC) has signed a $150 million credit line agreement with Vietnam Prosperity Joint-Stock Commercial Bank (VPBank), with JBIC contributing $90 million. This funding will support renewable energy and electricity grid projects in Vietnam, aligning with the country's goal of achieving net zero emissions by 2050 and enhancing its power infrastructure. The loan is part of broader initiatives, including the Asia Zero Emissions Community and the Vietnam Climate Finance Framework.
Vietnamese Đồng
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
SMEDF and VPBank sign agreement to enhance support for SMEs in Vietnam
07:11 24.10.2024
vpbank offers exclusive discounts at michelin-starred restaurants in vietnam
Vietnamese Đồng
Marriott International, Inc.
SCI Michelin
Google Inc.
Mastercard Incorporated
Samsung
CHN
THA
JPN
VNM
KOR
SGP
Hai Anh
Thu Trang
Show more
13:49 23.10.2024
vpbank offers exclusive discounts and promotions for credit cardholders
Vietnamese Đồng
JW Marriott
Mastercard Incorporated
VPBank
CHN
THA
JPN
VNM
KOR
SGP
Hai Anh
Thu Trang
Show more
13:48 23.10.2024
vpbank launches exclusive dining and shopping promotions for credit card holders
Vietnamese Đồng
SCI Michelin
Shilla Duty Free
Mastercard Incorporated
JW Marriott
Lotte Duty Free
CHN
THA
JPN
VNM
KOR
SGP
Hai Anh
Thu Trang
Show more
11:38 23.10.2024
VPBank NEO enhances QR payments with credit card and overdraft options
05:46 21.10.2024
artificial intelligence drives digital transformation and economic growth in vietnam
United States Dollar
Vietnamese Đồng
Grab Holdings Limited
VIB Bank
Intel Corporation
VPBank
Ericsson AB
Techcombank
Amazon Web Services
VNM
Rita Mokbel
Eric Yeo
Tô Lâm
Alejandro Osorio
Nguyên Tuân Huy
Show more
09:07 20.10.2024
foreign fund exits vpbank as new shareholder joins the ranks
Vietnamese Đồng
TPBank
VPBank
Vietnam Enterprise Investments
DIERA Corp Joint Stock Company
Sumitomo Mitsui Banking Corporation
CHN
JPN
VNM
CYM
GBR
Ngo Chi Dung
Show more
08:36 16.10.2024
efg bank enhances asia advisory board with new appointments
Indian Rupee
United States Dollar
Singapore Dollar
Vietnamese Đồng
Japanese Yen
Motilal Oswal Finvest Ltd.
Julius Bär Gruppe AG
EFG Bank AG
Credit Suisse Anlagestiftung
HKG
JPN
SGP
VNM
THA
BGD
IND
MNG
Ashish Gumashta
Urs Buchmann
Alexander Classen
Boris Collardi
Show more
08:10 16.10.2024
vpbank shareholders increase ownership under new credit institutions law
Vietnamese Đồng
United States Dollar
Vietnam Enterprise Investments Limited
Sumitomo Mitsui Financial Group, Inc.
VNM
Kim Ngoc Cam Ly
Ngo Chi Dung
Bui Hai Quan
Nguyen Duc Vinh
Show more
04:35 16.10.2024
jbic and vpbank launch 150 million dollar green credit line for vietnam
Vietnamese Đồng
United States Dollar
Japan Bank for International Cooperation
Vietnam Prosperity Joint-Stock Commercial Bank
JPN
AUS
VNM
USA
Show more
18:12 15.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Retail and Consumer Goods
Supply Chain Management
Industry Mergers & Acquisitions
Stock Market Updates
Energy Sector Developments
Venture Capital Investments
Global Financial Events
Finance Mergers & Acquisitions
Central Bank Actions
Cryptocurrency & Blockchain Regulations
Emerging Startups
Funding Rounds & Investments
Inflation and Monetary Impact
Private Equity Deals
Market Analysis and Predictions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Dell Technologies Inc.
Samsung Securities Co.,Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
XPeng Inc.
Toyota Motor Corp
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
European Union Bonds
Taiwan Semiconductor Manufacturing Company Limited
Microsoft Corporation
Verizon Communications Inc.
OpenAI ERC USD
SLB 4,6% 01JUN25
Equinor Ventures AS
Quanta Services, Inc.
Gold Circuit Electronics Ltd.
Unimicron Technology Corp.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
Australian Dollar
United Arab Emirates Dirham
British Pound Sterling
New Taiwan Dollar
New Zealand Dollar
Vietnamese Đồng
South Korean Won
Egyptian Pound
Thai Baht
Saudi Riyal
Indonesian Rupiah
South African Rand
Malaysian Ringgit
Singapore Dollar
Lebanese Pound
People: