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.

VietNamNet Bridge - Many bankers dream of providing wealth management services, especially in an attractive market like Vietnam.  

VietNamNet Bridge - Consumers’ rapid adoption of new technologies have forced commercial banks to invest big money to renovate technologies. Meanwhile, tens of thousands of bank officers fear they may lose jobs because of technology upgrades.

Banks in the last three years have rushed to provide retail banking services, encouraged by the increased spending of middle-class income earners. Fifty-three percent of the 95 million population are of working age.

VietNamNet Bridge - Commercial banks appear to be rushing to issue bank cards but Vietnamese still don’t have the habit of making payments with plastic. 

 VietNamNet Bridge – Commercial banks believe that retail banking is a new promising playing field that will produce high profits. But there have been complaints from clients about service quality at local banks.

VietNamNet Bridge – While Vietnamese banks are taking their first steps towards the retail banking market, foreign banks continue their expansion at a rapid rate.  

 VietNamNet Bridge – Only one commercial bank, SHB, has officially announced its plan to acquire a finance company this year. However, analysts say this is not an unusual phenomenon.