Bank stocks continue to lag despite lenders posting positive profit growth.
VIB has raised 260 million USD in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.
It's too early to tell how the ongoing Russia-Ukraine conflict will affect Vietnam's banking sector, said industry experts.
Many banks are rushing to sell land and other assets used as collateral for loans to collect debts, including properties worth trillions of dong.
Though businesses need the Government’s economic recovery packages to rebound from the pandemic, the Government should consider limiting the participation of commercial banks in the packages to help them avoid bad debt risks, experts suggest.