interest rate cutbacks designed to assist borrowers

Interest rate cutbacks designed to assist borrowers

Several Vietnamese banks implemented substantial interest rate reductions in 2023 to stimulate loan uptake across various sectors, despite challenges in meeting credit growth targets.
new green benchmarks set for the financial landscape

New green benchmarks set for the financial landscape

In its quest to set a gold standard for sustainable banking, Standard Chartered continually exceeds industry norms. Reflecting on the bank’s commitment to spearheading a sustainable transition in Vietnam, Hanh Nguyen, deputy general director of Standard Chartered Vietnam, spoke to Hong Dung about the financial institution’s strides towards crafting a green financial future for the nation.
exchange rates set to put pressure on bank lending

Exchange rates set to put pressure on bank lending

Exchange rate pressures will hinder the declining trend of interest rates in the near future, though when compared to other economies, the devaluation of the VND remains under control.
predictable policy measures can ensure a smoother ride

Predictable policy measures can ensure a smoother ride

The government is flexibly managing monetary policy for the economy. Nguyen Ba Hung, principal country economist at the Asian Development Bank in Vietnam, talked with VIR’s Hong Dung about how this policy can perform in addition to a need for a stronger fiscal policy to boost economic activities.
pressure on exchange rate takes on new look

Pressure on exchange rate takes on new look

In tandem with forecasts regarding potential reductions in policy interest rates, discussions surrounding a potential reduction in reserve requirements have emerged in the last couple of weeks.
high value investment of prime importance to advance

High-value investment of prime importance to advance

Vietnam is leaning towards quality and more modern investing initiatives. Joon Suk Park, head of International Subsidiary Banking, Wholesale Banking at HSBC Vietnam, spoke to VIR’s Hong Dung about the key sectors for high-value funding in this country.
an experts view on interest rate movements

An expert's view on interest rate movements

Le Xuan Nghia, senior economist, shared his views on the possibility of interest rate movements in the months to come, and the potential impact on the banking system and the economy.
lenders manifest steady trajectory with profit figures

Lenders manifest steady trajectory with profit figures

Although first quarter business results of banks show deceleration compared to the final quarter of 2022, in the current macro context, this still is an encouraging growth.
lenders must embrace responsibility to real estate

Lenders must embrace responsibility to real estate

The banking system is under pressure to assist the real estate market through recent turbulence. Dr. Le Xuan Nghia, member of the National Financial and Monetary Policy Advisory Council, talked with VIR’s Hong Dung about the situation and projections for what is to come.
careful action required to curb inflation threat

Careful action required to curb inflation threat

Monetary experts are still mulling over whether Vietnam should soften or tighten policies to best suit current development circumstances.
plenty of room for digital transformation in banking

Plenty of room for digital transformation in banking

Digital transformation is a process, not a destination. Nguyen Chien Thang, director of the BIDV Digital Banking Development Centre, spoke with VIR’s Hong Dung about the potential rewards.
learning recent lessons to ensure fiscal prudence in 2023

Learning recent lessons to ensure fiscal prudence in 2023

Fiscal and monetary policies worldwide witnessed changes last year, and the same has also been true of Vietnam. Nguyen Minh Cuong, principal country economist at the Asian Development Bank in Vietnam, spoke to VIR’s Hong Dung about how it can apply relevant initiatives this year.
rising bad debt threat looms large

Rising bad debt threat looms large

Despite a bright business outlook, non-performing loans are causing significant concerns to banks amid a challenging environment in both the domestic and global market, according to industry experts.
making growth greener

Making growth greener

Completing the legal corridor is one of the important foundations to assist the flow of capital into green economic developments. Dao Minh Tu, Standing Deputy Governor of the State Bank of Vietnam, talked to VIR’s Hong Dung about the importance of green credits to economic recovery.
a lifestyle worth aspiring to at tnex

A lifestyle worth aspiring to at TNEX

David Jimenez Maireles, deputy CEO of TNEX, the Vietnamese digital-only bank created by Maritime Bank, shared with VIR’s Hong Dung his life-changing mindset after coming to Vietnam to put on show his expertise.