potential for 66 per cent gdp growth in 2023

Potential for 6.6 per cent GDP growth in 2023

Overall growth momentum is likely to moderate further this year, as policy tightening from major central banks weighs on external demand. With that, UOB has kept its 2023 GDP growth forecast at 6.6 per cent.
tough year expected for banks in 2023

Tough year expected for banks in 2023

With a dim outlook for the banking industry, most securities firms forecast that banks will post conservative profit growth in 2023.
top 10 international events in 2022

Top 10 international events in 2022

Russia's military campaign in Ukraine, central banks raising interest rates, the global population reaching 8 billion, and the World Cup in Qatar are among the top stand-out international events in 2022.
developers seeking further support in approaching loans

Developers seeking further support in approaching loans

Many real estate businesses are concerned about the feasibility of approaching loans despite the State Bank of Vietnam increasing the credit room, simultaneously requiring commercial banks to reduce payable interest.
profits not yet forthcoming for commercial lenders

Profits not yet forthcoming for commercial lenders

Impacted by a number of factors, banking activities slowed down in the fourth quarter of 2022, causing speculation over local banks’ profits.
financial institutions role in lending to domestic banks

Financial institutions’ role in lending to domestic banks

The Vietnamese banking system has had to contend with a myriad of internal and external factors in 2022. Andrew Jeffries, country director of the Asian Development Bank in Vietnam, told VIR’s Hong Dung about the current liquidity situation and explained how businesses can access loans from major financial institutions.
legal streamlining required for business support package

Legal streamlining required for business support package

While businesses are thirsty for capital, removing legal obstacles is now essential to enable the confidence of businesses, commercial banks, and local authorities to unlock resources for growth and production.
vib leads industry in top 50 most effective companies in vietnam

VIB leads industry in 'Top 50 Most Effective Companies in Vietnam'

During the recent ceremony to recognise the 'Top 50 Most Effective Business Companies in Vietnam in 2022,' eight banks with outstanding business performance and sustainable growth rates were named: VIB, Vietcombank, ACB, MB, VPBank, Techcombank, TPBank and SHB.
comprehensive finance to underpin vietnams sustainabble growth

Comprehensive finance to underpin Vietnam’s sustainabble growth

Personal finance management is highly important to all. David Jimenez Maireles, deputy CEO of TNEX, the first digital-only bank in Vietnam honoured in the Global Top 100 Digital Banks 2022 by The Asian Banker, explained to Hong Thuy why expertise for this and digital banks are instrumental to promoting sustainable economic development.
the future of commercial banking

The future of commercial banking

The commercial banking sector is rapidly evolving through digitalisation. Nguyen Ngoc Hoang, director and digital innovation lead for KPMG in Vietnam, looks at what the future of the commercial banking landscape looks like, and what commercial banks should do to stay competitive.
how the sbv deals with climate risks

How the SBV deals with climate risks

Around the world, central banks are increasingly worried about climate change. Rising temperatures, lengthy droughts, weather disasters and high sea levels have deep economic and financial consequences. Pierre Monnin, senior fellow and Patrick Lenain, senior associate of the Council on Economic Policies, share their view on what the State Bank of Vietnam can do to limit those risks.
undervalued banks winning bet for investors

Undervalued banks winning bet for investors

Although banking profits are expected to grow slower in Q4/2022 and in the first half of 2023, experts still have an optimistic outlook on bank stocks in the short term.
central bank to raise credit limit banks slash interest rates

Central bank to raise credit limit, banks slash interest rates

The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14 per cent limit on December 5.
deposit rate hikes still lingering

Deposit rate hikes still lingering

Banks continue to increase their deposit rates to relieve liquidity constraints at year-end.
commercial bank nim status following projections

Commercial bank NIM status following projections

The recent decline in net interest margin of commercial banks has been deemed not as significant as anticipated, with some smaller-scale banks showing improvements on the issue.