VietNamNet Bridge - Though three more banks will list shares on the UpCom market early next year, foreign investors have few opportunities to invest in Vietnamese banks.

VietNamNet Bridge - Two banks have received approval to place their shares into transactions on UpCom market, while other banks will follow as requested by the watchdog agency.

The Capital Market Working Group has suggested lifting the foreign ownership ratio limit in banks in which the state is a big shareholder, and in privately run joint stock banks to 35 percent. 

BIDV is the No 1 bank in terms of total assets and VietinBank is No 1 in stockholder equity, networks and high pay for workers.

VietNamNet Bridge - The estimated overseas remittance to Vietnam in 2016 is expected to be roughly $5 billion, or 10 percent lower than the forecast of $5.5 billion. 

VietNamNet Bridge - While exports of gold jewelry to the US, Belgium, France and Australia remain stable, exports to Switzerland have unexpectedly soared by 2,300 percent this year.

VietNamNet Bridge - The sharp appreciation of the US dollar after the news about the US election and the fall of the Chinese yuan to a 6-year low could create risks for Vietnam’s economy.

 VietNamNet Bridge – The interest rates on medium- and long-term loans to the property sector have recently increased by 1-1.5 percentage points.

VietNamNet Bridge - The dong/dollar exchange rate unexpectedly fluctuated in late October with the official rate quoted on October 29 at VND22,045 per dollar, an increase of VND26 per dollar compared with one week before and VND96 with September. 

VietNamNet Bridge - The exchange market has been more peaceful than ever in the last 10 months with excess liquidity, stable exchange rates and record-high foreign exchange reserves.

VietNamNet Bridge - Many Viet Kieu (overseas Vietnamese) complain that it is difficult to make investments in Vietnam.

VietNamNet Bridge - It seems that the heyday of bank shares has returned as capital from domestic and foreign investors is flowing into the banking sector.

VietNamNet Bridge - Experts believe that the state should not only sell its shares in 12 large corporations as instructed by the Prime Minister, but also sell shares in other enterprises, including commercial banks.

VietNamNet Bridge - With reasonable interest rates, corporate bonds have become more attractive to businesses than bank loans.

Rice industry urged to change production custom; VN targets $3.5b worth rice exports by 2020; General economic census across VN to be conducted from March 2017: PM

Thirteen car brands on show at VMS; VN urged to up competitiveness; Government-backed loans to be temporarily halted

A scheme on Vietnam’s industrial development policy is being completed to give a fresh boost to the industry two years after the Prime Minister signed two decisions approving the nation’s industrial development strategy. 

World Bank Group member IFC now owns some 5 per cent of Tien Phong Bank’s stakes, to further assist the lender in expanding its loan services to better serve growing Vietnamese businesses.

VietNamNet Bridge - Large conglomerates, when issuing corporate bonds, now tend to target individual investors instead of focusing on institutional investors, according to analysts.

VietNamNet Bridge - Big changes in key personnel in the banking sector are occurring as the bank restructuring process gears up.