Insurers juggle with market share shifts and moderate gains

Insurers juggle with market share shifts and moderate gains

Despite severe economic impacts caused by the health crisis, non-life insurers continue to manoeuvre through the turmoil.
VPBank acquires 97.42 per cent of ASC Securities

VPBank acquires 97.42 per cent of ASC Securities

By purchasing ASC Securities, Hanoi-based lender VPBank targets to grab a bigger slice of Vietnam's burgeoning stock sector.
Insurance groups latching onto Vietnam’s market potential

Insurance groups latching onto Vietnam’s market potential

International insurance groups have reaffirmed their appetite in Vietnam’s landscape, citing favourable demographics, an improved regulatory corridor, and a foreign ownership ratio lift contributing to the market’s appeal.
Banks reposition for trend transition

Banks reposition for trend transition

While state-owned banks are dominating the domestic credit and debit card categories, privately-held banks in Vietnam are expanding their international payment footprint.
Suitable economic recovery hinges on monetary policy

Suitable economic recovery hinges on monetary policy

The State Bank of Vietnam anticipates significant risk inflationary pressure in 2022 while considering reigning in the expansionary monetary policies of the past years – however, strong credit growth due to stronger demand is predicted with the economy’s reopening.
Remittance to Vietnam to reach $18.1 billion in 2021

Remittance to Vietnam to reach $18.1 billion in 2021

Remittance inflows to Vietnam are predicted to reach $18.1 billion in 2021, according to a recent announcement from the World Bank and KNOMAD.
Property sector poised for strong recovery in 2022

Property sector poised for strong recovery in 2022

The strict lockdown has taken the wind out of the sails of the property market in the south but experts predict this sector will rebound swiftly in 2022.
Insurance rules brushed up in draft

Insurance rules brushed up in draft

The urgent demand for capital rise and the amended draft of the Law on Insurance Business threatens to pressure insurance companies to begin strengthening their financial and operational capacity as well as enhance customer expectations.
National Assembly aims to economic recovery plan: 2022 GDP growth of 6-6.5 per cent

National Assembly aims to economic recovery plan: 2022 GDP growth of 6-6.5 per cent

Vietnam's National Assembly set the targets for economic recovery in 2021 and expectations for 2022, including 6-6.5 per cent GDP growth.
Retail arm withdrawal plans hit road blocks for Citigroup

Retail arm withdrawal plans hit road blocks for Citigroup

Despite announcing plans to pull out of the consumer banking business in 13 nations, including Vietnam, earlier this year, US-based financial group Citigroup has been unable to ensure that all of its divestiture plans would yield the desired conclusion with a perfect partner.
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