lofty gdp potential is indicator for credit demand

Lofty GDP potential is indicator for credit demand

The State Bank of Vietnam targets 16 per cent credit growth, but this may have to be higher if GDP hits the 10 per cent mark this year.
expert assesses credit related development challenges

Expert assesses credit-related development challenges

Phan Duy Hung, senior analyst and director at research-focused risk assessment firm VIS Rating, scrutinises the role of credit in economic development, and suggests how Vietnam can sustain growth without relying too much on monetary policy.
investors call for review of dividend tax

Investors call for review of dividend tax

Many investors believe taxing shareholders twice on the same profit is unfair, triggering the need to review and perhaps abolish the practice to strengthen investor confidence, increase investment returns, and entice more capital inflow into the stock market.
digital payment penetrates every aspect of vietnamese life

Digital payment penetrates every aspect of Vietnamese life

Digital payment is penetrating Vietnam's economy and society as it brings convenience, benefits, and economic gains to consumers.
strategic policies towards 2025s economic goals

Strategic policies towards 2025’s economic goals

The Vietnamese government is pursuing higher growth in 2025, with a more expansive role played by monetary policy. Le Hoai An, founder of Integrated Financial Solutions JSC, spoke with VIR’s Nhue Man about how this policy can be used.
full esg adoption the priority for agribank

Full ESG adoption the priority for Agribank

As sustainable development becomes a mandate for the banking industry, Nguyen Thi Thu Ha, deputy head of the Steering Committee for Environmental, Social, and Governance at Agribank, talked with VIR’s Nhue Man on the importance of adopting ESG criteria.
improving the effectiveness of social policy credit

Improving the effectiveness of social policy credit

Following a decade of implementation, social policy credit is expected to enter a new phase of development to achieve higher efficiency for the sake of society and the community.
liquidity pressure substantial on vietnams banks

Liquidity pressure “substantial” on Vietnam’s banks

Intense liquidity pressures and surging interest rates are anticipated in the domestic banking sector as the year-end approaches.
rebuilding lives a priority in aftermath of typhoon yagi

Rebuilding lives a priority in aftermath of Typhoon Yagi

In the wake of Typhoon Yagi, addressing the tragic consequences and rebuilding efforts has become paramount, with crucial bank support and strategic advice from industry experts guiding the process.
assessing vietnams investment appeal through expert eyes

Assessing Vietnam’s investment appeal through expert eyes

Jimmy Koh, head of network partnerships and strategic marketing, foreign direct investment advisory at UOB, delves into Vietnam's appeal to foreign investments, how UOB supports foreign direct investment (FDI) business expansion and go-green efforts, and the country's FDI prospects for the rest of 2024.
softened usd exchange rate anticipated at year end

Softened USD exchange rate anticipated at year-end

The pressure on the VND-USD exchange rate is forecast to remain insignificant, with perhaps a slight retreating for the rest of 2024, according to experts.
bank system forecast to overcome pressure

Bank system forecast to overcome pressure

The banking system in the second half of the year is projected to overcome inflationary pressures and support credit growth due to the combined effects of supportive factors.
fluctuations to be expected ahead of fed cut and election

Fluctuations to be expected ahead of Fed cut and election

The global economy is awaiting moves from the US Federal Reserve to cut interest rates. Nguyen Tri Hieu, senior financial expert, shared with VIR’s Nhue Man implications of eminent global standing on Vietnam’s economy and weighing efficient channels for investment in the rest of 2024.
loan interest rates move slower than deposit rates

Loan interest rates move slower than deposit rates

Amid concerns that the strong push for higher deposit rates by banks will lead to an increase in interest rates, Tran Ngoc Bau, CEO of WiGroup Data and Financial Technology JSC, spoke with VIR’s Nhue Man about expectations for the market.
direct impact of exchange rates on business operations

Direct impact of exchange rates on business operations

Policies are in place to help ensure stability in terms of exchange rates. Duong Bui, FX Trading Associate director for Markets & Securities Services at HSBC Vietnam, shared with VIR’s Nhue Man how upcoming exchange rate fluctuations may affect import-export businesses.
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