banking support to back up business development

Banking support to back up business development

Vietnam’s central bank is taking swift action on interest rate movement to align with the government’s commitment towards supporting the business community.
more solid guarantees crucial for credit landscape

More solid guarantees crucial for credit landscape

The economy has yet to fully prosper despite a wide range of measures being taken gearing towards a rebound. Economist Nguyen Tri Hieu talked with VIR’s Nhue Man about the factors behind the current credit environment in Vietnam, the motivation to fuel total aggregate demand, and how to boost credit growth.
usd rate pressures domestic landscape

USD rate pressures domestic landscape

While exchange rates have undergone considerable volatility, witnessing a surge which positively influences import-export activities, the domestic scene faces renewed pressure, attributed to the VND-USD interest rate being at negative levels.
prospects still cloudy for bancassurance

Prospects still cloudy for bancassurance

Diverse sentiments persist over bancassurance business prospects at local commercial banks, partly driven by a novel policy move.
lending interest rates continue on downward trend

Lending interest rates continue on downward trend

Commercial banks have reduced lending rates in favour of business and production activities, but borrowing remains low.
agribank furthers growth of thriving rural areas

Agribank furthers growth of thriving rural areas

Vietnam Bank for Agriculture and Rural Development (Agribank) has made great contributions to the success of their customers and brought development and prosperity to Vietnam’s farthest corners.
experts share mixed sentiments on forex in 2024

Experts share mixed sentiments on forex in 2024

Banking experts have mixed views about the foreign exchange situation amid volatile landscape at home and abroad.
ownership tweaks show commitment to improve

Ownership tweaks show commitment to improve

The amended Law on Credit Institutions was passed on January 18. Banking trainer and consultant Le Hoai An discussed the impact of this with VIR’s Nhue Man and the adjustment of the maximum institutional ownership capital in commercial banks.
banking institutions expect advances

Banking institutions expect advances

Global political and economic uncertainties will persist in 2024, but as governments find a more common voice, it is expected that the banking and financial panorama will become brighter.
exchange rate fluctuations set to carry on this year

Exchange rate fluctuations set to carry on this year

While the most difficult times for exchange rates may be in the rearview mirror, the recovery path is uneven and caution is required.
soothed pressure on vnd usd exchange prospects

Soothed pressure on VND-USD exchange prospects

The VND-US dollar exchange rate is expected to be on an even keel in the forthcoming time amid abated influencers both at home and abroad.
the tools to withstand challenges in credit growth

The tools to withstand challenges in credit growth

The ability to repay debt and collateral assets is currently a tough landscape. Economist Le Xuan Nghia talked to VIR’s Nhue Man about the prospects of abolishing credit limits in creating economic efficiency.
agribank boosts ability to provide greener credit

Agribank boosts ability to provide greener credit

Lenders are more likely today to take a greener focus in their activities. Phung Thi Binh, deputy general director of Agribank, talked to VIR’s Nhue Man about the bank’s determination to promote green credit growth.
gauging credit risk management benefits

Gauging credit risk management benefits

Credit ratings are playing a bigger role in Vietnam in terms of banking activities. Nguyen Quang Thuan, CEO of FiinRatings, outlined to VIR’s Nhue Man the significance of credit ratings to banks’ healthy performance and business development.
banks increasing provision costs

Banks increasing provision costs

Due to lower lending interest rates, slow credit growth and rising bad debts, commercial banks have increased their provision costs.