- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has just released its financial report for Q2/2024, showing a half-year pre-tax profit of VND 8,165 billion, an increase of 48.9% compared to the same period last year.
With sustainable financial solutions and a diverse range of digital products/services for small and medium-sized enterprises (SMEs), SHB has been honored as the "Best SME Bank for Sustainable Finance".
Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.
In the first-ever Fortune SEA 500 list, Saigon-Hanoi Commercial Joint Stock Bank (SHB) ranked 137th among the largest revenue-generating organizations in Southeast Asia.
The State Bank of Vietnam (SBV) has decided on the mandatory transfer of Vietnam Construction Bank (CB) and Ocean Commercial Bank (OceanBank) to Vietcombank and Military Bank (MB), respectively.
Export-import credit is entering a bustling season, with increased activities to support businesses in expanding their international markets. Banks and financial institutions are ramping up funding, meeting the growing demand in global trade.
On August 13, 2024, significant changes were recorded in bank interest rates. 12 banks have increased their deposit rates since the beginning of August. Notably, many banks have raised their 12-month term interest rates above 5% per year.
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has made a significant mark on its journey toward green and sustainable development by winning the prestigious "Best Green Financing in Vietnam" award.