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Update news vn banking sector
Rated banks in Vietnam posted solid profit growth and asset quality improvements last year, benefitting from the country’s robust macroeconomic environment, the U.S.-based ratings agency Moody’s Investors Service stated in a new report.
Many banks are auctioning mortgaged assets, mainly real estate, worth trillions of Vietnamese dong to speed up the resolution of non-performing loans.
Several banks approved their 2019 business targets and plans for raising capital in annual shareholders’ meetings on Tuesday.
Is ANZ Vietnam’s sale of its retail banking segment to Shinhan Bank Vietnam part of the bank’s new strategy or an indication of declining fortunes for foreign banks in the segment?