Vietnam

About 70% of digital transformations fail, an industry expert warned.

About 1 in 5 of its loans are real estate loans.

The bank is transforming its IT infrastructure to better process green data.

Total assets are reportedly set to exceed $28b this year.

The bank’s profits have grown at a rate of 49.1% over the past decade.

The bank also offers a loan programme with 0% interest to agriculture and rural areas.

The transaction is expected to be completed in the first half of 2025.

For the second year in a row there were no late-stage funding rounds.

The accolade is in recognition of VietinBank’s role in financing the $128m Nam Tien Phong industrial zone and port complex, a project anticipated to attract substantial foreign investment.

The transfer is valued at VND4.3t ($1.8m).

The government has been promoting a cashless payment scheme in line with its national financial inclusion strategy.

The buildings are energy-efficient and wholly owned by the bank.

TNEX provides customers with a digital ecosystem that helps them better manage their everyday needs and future plans. 

The memorandum includes other central banks such as Indonesia, Malaysia, Philippines, Singapore, and Thailand.

The Power Development Plan 8 helps attract foreign lenders for green projects aligned with Vietnam’s 2050 clean energy goals.

Services include receipt-delivery, settlement, and clearing, amongst others.