ANZ

Update news ANZ

Foreign banks have decided to boost consumer finance loans as the business segment is forecast to maintain double digit growth this year.

Vietnam to feel bad economic contagion of coronavirus: ANZ

The new coronavirus is estimated to shave 0.81 percentage points off Vietnam's annual GDP growth.

Foreign financiers deepens engagement in Vietnamese market

Rising foreign investment flow in Vietnam has prompted overseas banks to expand operation in the country.

Foreign banks enlarge networks, restructure operations in Vietnam

VietNamNet Bridge - The sale of business divisions can be seen as a move by foreign banks to restructure their operations and focus on core business fields to improve business efficiency.

Vietnamese banks thrive following foreign partners’ divestment

VietNamNet Bridge - Concerns were once raised when a number of foreign partners decided to divest from Vietnamese banks, but banks’ financial reports show satisfactory business performances.

Foreign banks scale down business in Vietnam

Some large foreign banks operating in Vietnam have recently scaled down their business or withdrawn capital from Vietnamese banks. What is happening with the banking sector?

Opening of more foreign banks puts pressure on domestic banks

VietNamNet Bridge - The increased demand for capital and bank services has attracted more foreign banks to Vietnam, which is putting pressure on domestic bankers.

How are foreign banks performing in Vietnam?

VietNamNet Bridge - About 70-80 percent of the profit made by foreign banks comes from services, while credit makes up 10-15 percent.

What do Vietnamese entrepreneurs named in the Panama Papers say?

Among organizations and individuals of Vietnam named in the Panama Papers are Nguyen Thi Phuong Thao, Chair of Sovico Holdings, and Chair of SSI Securities Company Nguyen Duy Hung. How did they explain this inclusion on the list?

Vietnam economic performance praised by international institutions

VietNamNet Bridge - International institutions agree that Vietnam’s economy is recovering strongly while seeing a bright outlook for its continued growth.

VN economic growth comes at a cost, ANZ

 Banks latest reports notes the price to pay for continued economic growth.

BUSINESS IN BRIEF 11/1

Japan – a tiger economy for labour exports; Thanh Hoa assists projects in Nghi Son EZ; Vietnam’s economy continues recovery trend in 2015; Singapore leads ASEAN investors in Vietnam; HCM City’s property market expected to grow in 2015

Vietnam's economy expected to grow at 5.6 pct in 2014: ANZ

 Vietnam's 2014 growth is expected to hit 5.6 percent and improve to 5.8 percent in 2015, according to the Global Economic Update 2015 released on December 3 by the Australia-New Zealand Banking Group (ANZ).

Vietnam economy edging in positive direction

 VietNamNet Bridge – International institutions and media have recently reported on the positive outlook of Vietnam’s national economy and brighter prospects in 2015.

BUSINESS IN BRIEF 6/10

 Beer consumption declines following tax hike: study; ANZ at risk of losing out from SSI divestment; Banking sector to see two M&A deals; MoIT optimistic about 2014 goal realisation; Vietnam jumps five places on 2014 global innovation ranking

ANZ: Vietnam still faces challenges ahead

 VietNamNet Bridge – Although Moody’s upgraded Vietnam’s credit rating last month, ANZ Vietnam Bank said in its latest report that the nation still needs to do much more to unlock its full potential given challenges ahead.

Foreign bankers give thumbs up to Gov't

 VietNamNet Bridge – Foreign banks in Viet Nam appreciated the government's responses to the East Sea tensions, which helped them stay calm and confident, according to the State Bank of Viet Nam (SBV).

BUSINESS IN BRIEF 20/4

 Japanese firm makes battery-powered bikes in city; ANZ: Bad debts hinder lending; Casino winners may repatriate money abroad; State Audit says to examine road maintenance fund; Occupancy peaks in HCMC office market

BUSINESS IN BRIEF 29/9

 VFA lowers rice export target; Local lending grows by 5.83%; Local firms lack knowledge of TPP trade agreement; Lax management blamed for uncontrollable imported milk prices