forecasts upbeat for banks 2024 profits

Forecasts upbeat for banks’ 2024 profits

Vietnam’s banking sector is projecting a period of robust growth and profitability, underpinned by strong first-quarter performances and optimistic forecasts for economic recovery and credit expansion.
banks eye charter increase

Banks eye charter increase

Vietnam’s banks are to set out ambitious plans to raise charter capital this year.
banks and mutual fund market partners in growth

Banks and mutual fund market: partners in growth

In recent years, a strong transformation has been witnessed with commercial banks in developing wealth management and investment advisory services. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked to VIR’s Nhue Man about the mutual fund market in Vietnam.
regaining trust essential to bolster growth of credit

Regaining trust essential to bolster growth of credit

Some banks are at times reluctant to lend, regardless of their financial standing. Tran Ngoc Bau, CEO of WiGroup, a major provider of economic data and fintech solutions, talked to VIR’s Nhue Man about credit bottlenecks in the current context and how to boost credit growth in a healthy manner.
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.