banks keen to maintain upward route

Banks keen to maintain upward route

Banks are hoping for positive developments to fill up the rest of the year after some performance dips so far in 2023.
meeting customer needs bolsters vietcombank

Meeting customer needs bolsters Vietcombank

It is the time of the year that the demand for credit often soars to keep abreast with demand from individuals and businesses at the year-end. Nguyen Thanh Tung, CEO of Vietcombank, scrutinised the lender’s measures to bolster credit growth and surmount challenges in the current context with VIR’s Nhue Man.
state owned banks leading in forex trading revenues

State-owned banks leading in forex trading revenues

The profits from foreign exchange trading at major banks are still consistently substantial, even in the face of significant exchange rate fluctuations.
borrowing trends reflect weak demand

Borrowing trends reflect weak demand

While multiple banks are creating liquidity by allowing customers to borrow to repay other banks, experts assess that this may not increase overall credit.
lending rate lag still causing bank unease

Lending rate lag still causing bank unease

Banks remain in a phase of inventory, facing challenges in the active monetisation of funds and resulting in an accumulation of excess liquidity.
vietnams fiscal policy can perform a stronger role

Vietnam’s fiscal policy can perform a stronger role

High interest rates elsewhere have led to consumption and export issues. Suan Teck Kin, head of Research at UOB, shared with VIR’s Nhue Man his prospects on Vietnam’s development and its monetary policies to face to the impact of activity involving China and the United States.
interest rate anchoring in us supporting vnd status

Interest rate anchoring in US supporting VND status

The US Federal Reserve’s July interest rate rise by 0.25 percentage points, resulting in policy rates reaching a 22-year high, may not be the end of the matter given the recent trend of continuously lowering interest rates.
asset quality crucial to banking sector

Asset quality crucial to banking sector

Tran Thi Khanh Hien, head of Research at MB Securities, delves into the factors impacting bank performances this year.
credit bubble risk reality as banks hit lending capacities

Credit bubble risk reality as banks hit lending capacities

The availability of cheap capital has the potential to fuel subprime projects and activities, leading to a credit bubble risk for the economy.
vietnamese businesses await relief as sbv slashes interest rates

Vietnamese businesses await relief as SBV slashes interest rates

Vietnamese businesses anticipate some relief as the central bank slashes interest rates amidst the economic challenges, with credit growth expected to accelerate in the second half of 2023.
lenders determined to meet financing needs of customers

Lenders determined to meet financing needs of customers

In line with the government’s economic stimulus initiatives and to ensure market liquidity, a number of major financial institutions are implementing strategies to address the financing needs of businesses and individuals.
averting the consequences of slowing flows in capital

Averting the consequences of slowing flows in capital

Low credit demand might be an early indicator that bad debt will increase. Nguyen Thi Phuong, deputy general director of Agribank, talked to VIR’s Nhue Man about the issue in the domestic market.
utilising efficient media to usher in banking stability

Utilising efficient media to usher in banking stability

The finance and banking sector cannot develop strongly without the media. Nguyen Tu Anh, director general of the Department of General Economic Issues under the Central Economic Commission, spoke to VIR’s Nhue Man about the role of the media in macro stability, particularly in finance and banking.
interest rate cuts alone deemed insufficient

Interest rate cuts alone deemed insufficient

Members of the business community and experts are weighing up the diverse aspects of interest rate reductions, focusing on measures to ensure future growth.
favourable balance declared in foreign currency

Favourable balance declared in foreign currency

The interbank USD/VND exchange rate is expected to stabilise in the current quarter, according to forecasts.