Hello!

Jul 28, 2025

Here is what your companies have been doing this week.

KEY INSIGHTS

  • KASIKORNBANK is recognized for aligning sustainability goals with financial product design, integrating ESG-linked loans into its housing finance platform and expanding distribution via K+ and LINE BK, contributing to a 10% year-on-year growth.

  • KASIKORNBANK participates in bilateral dialogues with Da Nang to form a regional partner network for financial and technical cooperation.

  • KASIKORNBANK reported a first-half 2025 net profit of Baht 26,280 million, with CEO Kattiya Indaravijaya noting economic slowdown impacts on private spending and industrial production.

  • UBS downgraded KASIKORNBANK's stock rating from Buy to Neutral and cut its price target from 167.00 THB to 152.00 THB due to concerns over US tariffs.

  • KASIKORNBANK announced the early contract termination of Pipit Aneaknithi, who resigned from all positions at the company.

  • KASIKORNBANK's president Pipit Aneaknithi resigns effective August 1, 2025, by mutual agreement.

  • SeABank launched SeANet & SeAMobile Biz, a digital banking platform for businesses offering online disbursement, domestic and international transfers, payroll payments, and account management with free domestic transfers and payroll services.

  • SeABank offers a 5% cashback on contactless payments with its international cards until December 31, 2025, with monthly limits of 300,000 VND for Classic/Titanium/Gold cards and 1,000,000 VND for Platinum/Signature cards.

  • SeABank ranked 708th in the 'Top 1000 World Banks 2025' by The Banker, moving up 44 spots from 2024, and was named 'Global Best Companies to Watch 2025' by The Silicon Review for its outstanding business performance.

  • SeABank changed the address and renamed its Hong Bang transaction office to Dong Hai Phong transaction office in Hai Phong city on July 9, 2025.

  • SeABank changed the address and name of its Pho Hue Branch following approval from the State Bank of Vietnam on July 21, 2025.

  • SeABank organized a 'Waste Exchange for Gifts Festival' to promote green living for a cleaner Hanoi, targeting its employees and local residents.

  • Phuong Chung, Member of Management Board at Techcombank, announced receiving the Techcom Life insurance license from the ISA of the MOF, aiming to build the biggest insurance ecosystem.

  • Techcombank received approval to establish TCLife, a life insurance company with VNĐ1.3 trillion charter capital and 80% ownership, on July 23, 2025.

  • Techcombank's leadership expects insurance to become a new growth driver, aiming to control the entire customer journey through TechcomLife and increased ownership in TCGIns.

  • Techcombank leads in bancassurance with a decade of providing comprehensive insurance solutions and recently expanded its offerings by establishing Techcom life insurance company.

  • Techcombank enhances its mobile app with an online chat feature for instant professional advice on the 'Sinh Loi Tu Dong' product, ensuring quick responses within 5 minutes and secure, modern convenience.

  • Sanchita Mustauphy joins Techcombank as Chief Risk Officer (CRO) in India, previously Chief Risk Officer (CRO) & Group Compliance Head at Aditya Birla Capital.

  • Techcombank and Vingroup received approval to establish a life insurance company, with Techcombank holding an 80% stake and Vingroup 20%.

  • Techcombank officially established a Life Insurance Company with a capital of 1,300 billion VND, led by CEO Chung Bá Phương, aiming to digitalize the insurance business and create a seamless financial experience.

  • Techcombank reported its highest ever quarterly PBT of VND 7.9 trillion in 2Q25, marking a 9.2% increase QoQ, and was honored as the "Best Bank in Vietnam" by Euromoney FinanceAsia and Global Finance Magazine for the second consecutive year.

  • Techcombank achieved its highest ever pre-tax profit of VND 7.9 trillion in 2Q25, became Vietnam's first bank with fully paperless branches, and was named 'Best Bank in Vietnam' by multiple publications for the second year in a row.

  • Techcombank became the sixth bank in Vietnam to surpass 1 quadrillion VND in total assets, reaching 1.04 quadrillion VND by June 30, 2025.

  • Techcombank won the Celent Model Bank 2025 award for Operational Excellence, becoming the first Vietnamese bank to receive this recognition, as noted by Tuan Nguyen, Chief Information Officer at Techcombank.

  • TPBank approves project home loans in just 1 minute through its TPBank Partner app, targeting young customers with stable income for a simplified digital process.

  • TPBank partnered with Vinalink Academy to train 80 branch directors in Hanoi and Ho Chi Minh City on digital sales strategies and AI applications in customer service.

  • TPBank bought back over 200 billion VND in bonds before maturity on July 15, 2025.

  • VPBank launched VPB O.LIFE+ insurance offering up to 1.5 billion VND coverage for critical illnesses without health checks.

  • VPBank launched the VSME10K package with Hilo, Vinatti, and 3T to support businesses transitioning from household businesses or newly established enterprises with exclusive market benefits.

  • VPBank CommCredit launched a '5-in-1' solution integrating account, capital, tax, insurance, and payment management to help businesses professionalize.

  • VPBank offers a 20 trillion VND credit package with a 2% interest rate reduction and up to 1 billion VND unsecured loans for businesses adapting to Decree 70.

  • VPBank's stock hit a new peak as foreign investors net bought over 1.8 trillion VND in less than a month, driven by improved business results and asset quality.

  • VPBank achieved a record pre-tax consolidated profit of nearly 6,215 billion VND in Q2 2025, up 38% year-on-year.

  • VPBank became the largest private bank by total assets in the first half of 2025, with consolidated assets exceeding 1.1 quadrillion VND and profits surpassing 11.2 trillion VND, a nearly 30% growth.

  • VPBank launched a nearly 4 billion VND promotion for business customers using its NEOBiz digital banking app from July 21-25.

  • VPBank offers up to 90% discounts plus an extra 10% for Platinum & Diamond World/Signature credit card holders at Tam Sơn's Annual Sale on July 25-26.

  • VPBank partnered with the Vietnam Plastics Association to successfully host the 'Total Waste Management' seminar on July 24, featuring VPBank Deputy General Director Hiroki Kamijo and expert Le Dinh Tien.

  • Orient Commercial Bank adjusts card fees starting August 1, 2025, reducing foreign currency transaction fees for OCB Mastercard Passport debit cards to 1.2% for e-commerce.

  • Orient Commercial Bank offers free international transfers with competitive exchange rates for students studying abroad in the US, Australia, and other countries.

  • Orient Commercial Bank partnered with Genesia Ventures in September to offer unsecured loans up to 3 billion VND for startups operating for at least a year, as stated by CEO Phạm Hồng Hải.

  • Orient Commercial Bank will finalize the shareholder list on August 11, 2025 to issue bonus shares at an 8% ratio.

  • Orient Commercial Bank plans to issue nearly 197.3 million shares to increase its charter capital by 8% from its own capital source.

  • Orient Commercial Bank shareholders will receive dividends in cash and shares, with the final registration date set for August 11 and the ex-rights trading date on August 8.

  • Orient Commercial Bank plans to pay a 2024 dividend of VND 1.7 trillion at a 7% rate, equivalent to VND 700 per share.

  • Orient Commercial Bank offers new cardholders a chance to win gifts worth up to 3 million VND, including a premium travel suitcase and cashback, when meeting spending conditions.

  • Orient Commercial Bank won the Best Sustainable Bank award at FinanceAsia Awards 2025 for its green credit initiatives and community programs.

  • Orient Commercial Bank (OCB) won the 'Human Resources Strategy for Sustainable Development' award at the Corporate Sustainability Awards 2025 on July 30.

  • Thanh Hang Pham, Director of FDI North at Orient Commercial Bank in Vietnam, left to join HSBC as Vice President of Relationship Management - International Subsidiary Banking (ISB), CIB division.

  • Mirae Asset Finance Company was fined 137.5 million VND for violating regulations on receiving and executing customer trading orders.

  • Mirae Asset Finance Company enhanced user experience and security by optimizing its digital platforms, including the My Finance app with over 4.1 million users, and introduced advanced security measures like OTP systems and multi-layer authentication.

  • Mirae Asset Finance Company enhanced its digital strategy to improve user experience and data security, with its My Finance app reaching over 4.1 million users by June 2025.

  • Mirae Asset Finance Company reduced interest rates to 15% per year for personal loans to salaried workers starting April 2025.

  • MBK Partners Ltd. and Mirae Asset Finance Company will force CJ CGV Co. to give up control of CGI Holding's overseas cinema assets if it doesn't buy back shares.

  • Mirae Asset Finance Company's trading market share on HOSE dropped to 3.5% in the last quarter as it faces lending limits without new capital from its parent company.

  • LOTTE Finance launched the "LOTTE Vietmerchant Credit" loan package for SME owners and businesses, offering 10 times monthly revenue as credit limit without collateral and interest rates from 1.04% per month.

  • LOTTE Finance joined 11 other banks and financial partners to support Hanoi residents in switching to electric vehicles through a green transition initiative.

  • LOTTE Finance partners with VinFast and 11 other financial institutions to offer a 4% annual interest rate for electric vehicle loans in Hanoi starting July 24.

  • LOTTE Finance joined VinFast's green transition campaign on July 24, offering loans up to 70-80% of electric vehicle value with terms up to 8 years, as stated by Kong Sung Sik, LOTTE Finance's General Director.

  • LOTTE Finance Vietnam acquired a 100% stake in Techcom Finance and received final approval from the State Bank of Vietnam to start financial services in March this year.

  • Mcredit offers a summer 2025 financial solution on the MBBank app with fast loans up to 60 million VND and chances to win a Macbook or Urbox voucher until August 31, 2025.

  • In July 2025, Mcredit disclosed an average loan interest rate of 26.92% per year as of June 2025.

  • Mcredit stops operations at 5 representative offices in Bình Dương, Khánh Hòa, Đà Nẵng, Cần Thơ, and Hải Phòng from June 30, 2025, to shift to a digital business model.

  • Mcredit closed 5 representative offices to focus on becoming the most convenient digital financial service.

  • VIB launched Super Pay, a payment solution offering flexible funding options, smart installment payments, and active transaction authentication.

  • VIB introduced Super Pay and Super Cash as part of its Super Personalized Financial Ecosystem, offering flexible payment solutions and loans up to 1 billion VND with no collateral or early repayment fees.

  • VIB launched the VIB Business app, offering real-time payment and financial management tools for SMEs and business households, as announced by Tran Nhat Minh, Deputy General Director of VIB.

  • VIB cut its 36-month counter rate by 0.1 percentage point for deposits ranging from 1 billion VND to below 5 billion VND.

  • VIB reduced deposit interest rates for some terms in July 2025.

  • VIB offers double rewards for its credit card users, including cashback, points, and financial benefits, with no annual fee in the first year under certain conditions.

  • VIB partnered with REE to finance the Duyen Hai Wind Power Project with a VND 1,640 billion package, supporting green energy transition in Vinh Long.

  • VIB completed two stock issuance rounds, raising its charter capital to over 34 trillion VND.

  • VIB officially increased its charter capital to over 34 trillion VND after distributing more than 417 million bonus shares to shareholders and issuing ESOP to over 1,300 employees on July 27.

  • VIB is hiring for Head of Technology, Head of PMO, and Head of Application Development Center in HCM, as announced by Hong Vu, Talent Acquisition & Resourcing Manager at VIB.

  • Sacombank introduced Open-loop payment technology for public transport in Ho Chi Minh City, allowing payments via bank cards, e-wallets, or contactless devices, and launched specialized Metro Pass and MultiPass cards for metro, bus, and water bus networks.

  • Sacombank offers customers rewards like cars, travel vouchers, and cash for transactions including savings, loans, and card payments until September 30, 2025.

  • On July 24, Sacombank increased exchange rates for major currencies including USD, British pound, euro, Japanese yen, and Australian dollar, with the British pound rising to 34,997 VND/GBP for buying and 36,010 VND/GBP for selling.

  • Sacombank partnered with Vinfast Vietnam to offer competitive loan packages for electric vehicle purchases, supporting the shift to eco-friendly transportation.

  • Sacombank launched a summer promotion offering prizes up to 2 million VND and total benefits worth 21 billion VND for personal customers engaging in savings, loans, card transactions, and insurance services until September 30, 2025.

  • Sacombank won the 'SME Payment Solutions of the Year - Vietnam 2025' award from The Asian Banking and Finance for providing the best payment solutions for small and medium enterprises.

  • Sacombank sponsored the 6th Global Young Vietnamese Intellectual Forum in 2025, focusing on AI, green economy, sustainable finance, and digital culture.

  • HDBank's Cà Mau branch is under investigation for violations in solar power credit activities, with the case returned for additional investigation on July 25, 2025.

  • HDBank launched a smart medical kiosk in Kien Giang to improve healthcare quality.

  • HDBank signed a VNĐ2 trillion credit agreement with PetroVietnam Power Corporation on July 24.

  • HDBank launches its second public bond offering from July 25 to August 20, 2025, with attractive annual interest rates of 6.575% for 7-year bonds and 6.675% for 8-year bonds, starting from 50 million VND.

  • Foreign investors continuously net bought HDBank's HDB shares in July 2025, with a record nearly 18 million shares on July 24, pushing the stock up over 26%.

  • HDBank's stock price rose to 28,050 VND per share on July 24, increasing billionaire Nguyen Thi Phuong Thao's assets by an estimated 15 trillion VND.

  • HDBank offers a cashback of 100,000 VND for pet-related spending and 100,000 VND for spending on Tuesdays or Thursdays with its international credit card from July 1-31, 2025.

  • HDBank won ESG, foreign exchange, and international payment awards on July 15, 2025, marking its third consecutive year in Vietnam's Top 50 Sustainable Development Enterprises.

  • HDBank ranked among ASEAN's top 5 in governance for 2025 and signed an agreement with Proparco, a French development finance institution.

  • Rabbit Care increases the minimum spending requirement from 8 million to 10 million VND with over 3 transactions starting August 1, 2025, but those who register before this date will still follow the old conditions.

Discover new business strategies by expanding your tracker list today

Follow more companies

NEWS

  • KASIKORNBANK offers up to 1 million VND cashback for shopping expenses over 7 million VND with its CASHBACK PLUS card, along with 10% cashback on all payments and exclusive discounts on Shopee.

  • SeABank is hiring a Corporate Customer Center Director in Da Nang, Long An, and Binh Duong.

  • TPBank offers customers chances to win concert tickets by completing transactions like buying insurance or booking flights on its app from July 15 to August 31, 2025.

  • VPBank marked the first half of 2025 with innovative customer experience initiatives and brand development, leading to strong growth and maintaining a leading position in the competitive market.

  • VPBank is hiring a Senior Data Analyst in Vietnam.

  • Orient Commercial Bank is hiring a HO - CVCC Web Application (Front-end), Technology and Digital Transformation Block in Vietnam.

  • Mirae Asset Finance Company is hiring a Senior Data Engineer in Vietnam.

  • Mirae Asset Finance Company participated in the Cao Thang Technical College Job Fair 2025 on July 18, offering career opportunities and engaging activities for students.

  • Mirae Asset Finance Company is recruiting an Anti-Fraud Management Manager in Ho Chi Minh City, requiring at least 3 years of managerial experience.

  • TNEX is hiring a Senior Data Analyst in Vietnam.

  • TNEX is hiring a POS Management Director in Can Tho with a minimum of 5 years experience in business and 1 year in management.

  • VIB will livestream the final prize draw for its 'Phi vụ tiền tỷ' promotion on July 31, 2025, offering a top prize of 1 billion VND to lucky participants.

  • HDBank is hiring experienced managers for various positions in Ho Chi Minh City.

  • MFast launched the MTrade Arena competition in July 2025, offering 19 prizes to top-performing freelance collaborators.

  • MFast shared tips on July 22, 2025, to increase approval rates for TNEX Lending & CUB sales, including no CIC limit and NFC verification after approval.


After checking 80+ sources, we did not pick up any newsworthy developments for fingo.vn, topbank.vn and vayvnd.vn this week. For recently added companies, the latest developments will be presented in the next update.

Enjoyed the insights? Share them with your colleagues

Share email