Hdbank

Customers conduct transactions at a HDBank branch. Proparco has granted a US$50 million loan to HDBank to finance green projects and promote sustainable development in Viet Nam. — Photo courtesy of the bank Proparco, the private sector financing branch of Agence Française de Developpement (AFD), has granted a US$50 million loan to HDBank to finance green projects and promote sustainable development in Viet Nam. It marks the first collaboration between Proparco and HDBank. A pioneer in green lending, HDBank has in past years helped foster Viet Nam's economic development while minimising the impacts on the environment. The loan will help the bank get closer to international standards in green credit. All projects funded by HDBank satisfy green criteria such as reducing energy consumption, reducing CO2 emissions, reducing pollution, and targeting sustainable growth. Green projects promise to create more than 1,350 direct and indirect jobs. They will contribute to achieving … [Read more...] about HDBank gets $50m from French development agency to finance green projects

Illustrative image (Photo: HDBank) HCM City (VNS/VNA) - Proparco, the private sector financing branch of Agence Française de Developpement (AFD), has granted a 50 million USD loan to HDBank to finance green projects and promote sustainable development in Vietnam. It marks the first collaboration between Proparco and HDBank. A pioneer in green lending, HDBank has in past years helped foster Vietnam's economic development while minimising the impacts on the environment. The loan will help the bank get closer to international standards in green credit. All projects funded by HDBank satisfy green criteria such as reducing energy consumption, reducing CO2 emissions, reducing pollution, and targeting sustainable growth. Green projects promise to create more than 1,350 direct and indirect jobs. They will contribute to achieving the United Nations’ Sustainable Development Goals. Based on their common views on sustainable development, creating long-term … [Read more...] about HDBank gets 50 mln USD from French development agency to finance green projects

Sun Tropical Village – a newly launched project by Sun Group in the south of Phu Quoc VIMC – the new brand towards sustainable development TCPVN has contributed more than 2 billion VND to support the frontline in Vietnam in the COVID-19 battle Kredivo announces launch of Việt Nam operations as part of ambition to build Southeast Asia’s leading BNPL Disruptive technologies are set to change how we work HDBank will continue with its remote working model as it has done for more than a year now to adapt to the unpredictable pandemic situation. HCM CITY — HDBank will continue with its remote working model as it has done for more than a year now to adapt to the unpredictable pandemic situation. Work-from-home (WFH) has become a new trend at many leading global technology companies such as Google, Microsoft, Facebook, Twitter, and Apple. Since the beginning of March last year Google has allowed its employees to work remotely and later officially adopted the model … [Read more...] about Remote work to become new trend as new normal looms

Bancassurance services often fail to get through to customers who may have little knowledge of them. Photo: Shutterstock Preliminary statistics from the Ministry of Finance has revealed that the total new premium revenues of life insurance companies in the first half of 2021 from the bancassurance channel reached more than $339 million, while the agency channel was around $595.7 million and other channels hit $17.4 million. In addition to accelerating digital engagement across the customer journey, insurers have also been reinforcing cross-selling initiatives through bancassurance. Non-interest income growth will become the main driver and take unprecedented priority in banks’ income, and bancassurance is among the crucial elements, according to Viet Dragon Securities. Bancassurance is seen to continue to grow much faster than the agency channel. At some insurance companies such as Prudential, Dai-ichi Life, Sun Life, MB Ageas, and FWD, new premium revenues from bancassurance … [Read more...] about All to play for in bancassurance growth

The index struggled to break off the 1,340-range and closed only one point higher. It is still a long way from returning to the 1,375-point mark achieved on Aug. 19. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, hit VND19 trillion ($846.42 million) for the third session in a row. The possibility of reopening the economy as mentioned by government officials seems to have not inflamed investors who are waiting for a more specific plan and timeframe. Uncertainty is reflected in the 30 largest capped stocks with 15 tickers closing in the red, with five unchanged. Several banking stocks fell, led by HDB of HDBank with a 1.9 percent drop, followed by TPB of private TPBank, down 1.1 percent, and MBB of lender MB, down 0.7 percent. HPG of steelmaker Hoa Phat Group and MSN of conglomerate Masan Group both fell 0.8 percent. Ten blue chip tickers gained, led by PNJ of Phu Nhuan Jewelry with a 3.9 percent increase to a three-week high. BVH … [Read more...] about VN-Index inches up as investors stay neutral

Workers process shrimp at seafood company Minh Phu Seafood Corporation (MPC). MPC soared 4.8 per cent on Friday. — VNA/VNS Photo Viet Nam's benchmark VN-Index gained slightly on Friday, supported by the rise of heavyweight stocks, but the VN-Index failed to conquer 1,450 points as some other blue-chips in the banking group dropped pressuring the indices. On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.1 per cent to close at 1,345.31 points. The index had increased 0.78 per cent to close Thursday at 1,343.98 points. Nearly 599 million shares worth VND19 trillion (US$835.8 million shares) were traded on the southern exchange. The market breadth was positive as 194 stocks declined, while 213 rose and 43 ended flat. The 30 biggest stocks tracker, VN30-Index, rose 0.07 per cent to finish at 1,448.33 points. Of the VN30 basket, 10 stocks increased while 15 decreased. In the VN-30 basket, Phu Nhuan Jewelry (PNJ) gained 3.9 per cent, followed by insurer Bao Viet … [Read more...] about Shares advance but bank stocks pressure indices