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Update news Banking
The VND was expected to remain broadly stable against the USD over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust FDI inflows, dollar purchases by businesses, and a healthy foreign reserve position.
The EU has a strong financial services market and the EVFTA will have a significant impact on the Vietnamese economy and finance market.
Bank loans for build-operate-transfer (BOT) and build-transfer (BT) infrastructure projects by the end of September this year reached nearly VND110 trillion (US$4.72 billion), up 1.85 per cent against the end of 2018.
The Government will continue to tighten credit in the real estate industry.
The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry.
Vietnam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties.
Vietcombank is heading to Australia and could open for business in Sydney within the next 12 months.
Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down.
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Viet Nam (SBV)’s...
The General Statistic Office (GSO) announced on August 16 that it has started a process to revise the country’s GDP calculation.
The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25% and 4.25%, respectively, in addition to maintaining its 14% credit growth target for the remainder of 2019, experts forecast.
Vietnam Report on Tuesday announced the 'Top 10 Vietnamese Commercial Banks in 2019' based on their financial capacity, reputation and customer satisfaction.
Private organisations will be encouraged to provide credit information service in Vietnam to improve transparency in the credit information market,...
The finance, banking and insurance industry expanded 7.89 percent in the first nine months of this year, the highest level recorded in the past seven years.
Vietnam will open the door for foreign organisations to participate in its financial market in many forms.
VietNamNet Bridge – Chairman of the State Security Commission of Vietnam (SSC) Vu Bang has said that the goal of Vietnamese stock market for this year is stability in stead of growth because of many negative impacts abroad.
The restructuring of the banking system is expected to experience a new turning point next year as a number of large banks consider plans to merge with other institutions.
VietNamNet Bridge – The second wave of mergers and acquisitions, forecast for the 2014-2018 period, is expected to be on a larger scale compared to the previous one with total value of successful transactions possibly reaching 20 billion USD.
For many Vietnamese bankers, Japanese banks are their biggest rivals in the home market. However, analysts have warned that once the ASEAN Economic Community begins next year, ASEAN banks, not Japanese, will be the most formidable rivals.
Vietnam's mergers and acquisitions (M&A) market is set off for a second wave in the next five years with total value expected to reach US$20 billion from 2014-18, driven by the equitisation of State-owned enterprises.