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Update news banking industry
The banking industry has been recently abuzz with digital transformation as lenders embark on their journey to become more tech-enabled to keep pace with disruptive technologies.
The merger and acquisition market in banking industry in the first half of this year has received new signal when Korean bank became a major shareholders of BIDV in early November with a record M&A deal worth US$890 million.
VietNamNet Bridge – Analysts have recently been bombarded with a question by investors: will bank shares continue to be attractive this year?
VietNamNet Bridge – Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast.
VietNamNet Bridge – Thailand's investments in Viet Nam have jumped in the past five years, fuelled by opportunities arising from the formation of the ASEAN Economic Community (AEC) and the impending Trans-Pacific Partnership.
Vietnam banks have been in a restructuring mode lately as part of their attempt to get the banking system in shape for the Association of Southeast Asian Nations economic integration at the end of the year,
VietNamNet Bridge – Despite many barriers, foreign banks have been prospering in Vietnam, dominating many service market segments.
VietNamNet Bridge – The State Bank of Viet Nam (SBV) must continue last year's successful management of its flexible monetary policy to assure economic stability in 2015,
VietNamNet Bridge – Cross ownerships among banks are still beyond control and complicate the process of tacking bad debts, said the Ministry of Planning and Investment (MPI) in a report sent to the Government’s monthly meeting three days ago.
VietNamNet Bridge – Total assets for the banking industry reached 5,225 trillion VND by the end of May, the highest level since the State Bank of Vietnam decided to disclose the figure in June 2012.
VietNamNet Bridge – After a decline in the first month of the year, domestic banks are recovering and registered an increase in assets, according to the State Bank of Viet Nam (SBV).