Forty percent of bonds issued by banks are bought by securities companies, but analysts believe that the real bond holders are commercial banks.

Established six years ago by the government, the Vietnam Asset Management Company (VAMC) has not been very effective.

The 11 top commercial banks have total assets of over $10 billion, while nearly 15 smallest banks have l total assets of less than VND100 trillion. The rankings of banks have changed a lot over the last decade.

Commercial banks’ purchase of real estate corporate bonds is considered indirect lending to real estate firms, experts say.

Experts attributed the success in the fight against the dollarization in the economy to the central bank’s effective policies, including the zero percent dollar deposit interest rate and the foreign exchange stability.

Overseas remittances to HCM City were estimated to reach $3.45 billion in the first eight months of this year, according to the State Bank of Vietnam’s HCM City branch.

Most currencies have depreciated against the US dollar but the Vietnam dong value has remained stable.

With an annual 20-30 percent growth rate, the consumer credit market has become an attractive sector.

The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.

While the EVFTA and CPTPP have paved the way for Vietnamese enterprises to penetrate the world market, high taxes and interest rates have blocked their path.

The State Bank of Viet Nam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms.

Initial encouraging results have occurred after efforts were made to reduce the need for capital from banks where the state holds the controlling stake.

Vietnam is following a skeptical interest rate policy, with few and minor adjustments.

Analysts believe that the State Bank of Vietnam (SBV) should follow the move of other central banks to cut interest rates. This would help ease the burden on businesses.

Local banks posted notable results in the first half but a good second half is not a given.

Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.

Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit.

Vietnam is experiencing a boom in mobile payments as more and more e-wallet providers have aggressively joined the market.

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.

Despite good business results, 11 out of 17 listed commercial banks saw share prices decrease in the first half of the year.