lending slowdown threatens to delay real estate recovery

Lending slowdown threatens to delay real estate recovery

Commercial banks are taking a firm grip on lending activities, especially for the real estate sector.
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.
deposit interest rates continue to fall

Deposit interest rates continue to fall

More than 20 banks have cut interest rates for most terms since the end of February. Few banks have increased their rates, only applying the adjustment to a few deposit terms, such as at Sacombank, BacABank, and Saigonbank.
agritech startup techcoop raises 5 million

Agritech startup Techcoop raises $5 million

With financing from local VC firm Ascend Vietnam Ventures (AVV) and Singapore-based VC firm TNB Aura, agritech startup TechCoop Pte. Ltd. secured over $5 million in equity and debt from local banks on March 21. Ethos Ventures, South Korean impact investor MYSC, and Mandala Capital also participated in the fundraising.
fdi flows in vietnam forecast to boom this year

FDI flows in Vietnam forecast to boom this year

Vietnam will experience a breakthrough in foreign direct investment (FDI) attraction to the fields of technology, renewable energy, health, banking and real estate, according to world media.
moodys upgrades the outlook of techcombank 2024

Moody's upgrades the outlook of Techcombank 2024

The credit rating organisation Moody's on March 20 updated the outlook for Technological and Commercial Joint Stock Bank (Techcombank) to Stable.
japanese yen hits 16 year low against euro

Japanese yen hits 16-year low against euro

The Japanese yen fell to a 16-year low against the euro on Wednesday as the Bank of Japan indicated that monetary policy would remain loose even after shifting out of its negative interest rate environment.
exim to finance 500 million in green exports from us to vietnam

EXIM to finance $500 million in green exports from US to Vietnam

Export-Import Bank of the United States (EXIM) and Vietnam Development Bank (VDB) have signed a $500 million MoU to facilitate the financing of US exports to Vietnam.
bank credit registers slight fall in first two months

Bank credit registers slight fall in first two months

Banks saw low credit growth in the first months of the year, a situation they are looking to resolves as balance sheets remain high.
banks seek to bolster financial standing with capital hikes

Banks seek to bolster financial standing with capital hikes

Many banks have announced plans for their upcoming annual shareholders' meetings (AGMs), with diverse issues such as dividend payments, capital hikes, and profit targets topping the agendas.
can tho lures japanese investment with skilled workforce infrastructure advantages

Can Tho lures Japanese investment with skilled workforce, infrastructure advantages

Chairman of the People’s Committee of the Mekong Delta city of Can Tho Tran Viet Truong highlighted the potential benefits awaiting Japanese enterprises investing in the city during a working session on March 18 with a delegation of executives of Japanese banks led by Managing Executive Officer of Gunma Bank Uchibori Takeo.
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.
pm urges further rate cuts improved credit access to remove obstacles promote growth

PM urges further rate cuts, improved credit access to remove obstacles, promote growth

Prime Minister Phạm Minh Chính chairs the meeting to implement monetary policy management tasks in 2024, which focuses on removing difficulties for production and business to promote growth and ensure macroeconomic stability.
pm urges enhancing credit access absorption to fuel growth

PM urges enhancing credit access, absorption to fuel growth

Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.
stock market supported by diverse factors

Stock market supported by diverse factors

Tran Xuan Bach, director of Market Strategies at Bao Viet Securities JSC, shares his mixed sentiments about the stock market's prospects for the rest of the year.