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.
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.