green credit initiatives urged to push ahead development

Green credit initiatives urged to push ahead development

Given stringent domestic capital mobilisation, Vietnam’s banks are turning into international financial institutions for growth expansion, particularly to strengthen their sustainable and environmentally friendly loan portfolios.
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.
bac a bank launches e banking promotion scheme

BAC A BANK launches e-banking promotion scheme

BAC A BANK has launched an attractive promotion for customers who open an online account and register for e-banking through its mobile app or at the bank’s transaction counters.
vib launches lazcard and lazada cashback offer

VIB launches LazCard and Lazada cashback offer

Vietnam International Bank (VIB) has launched LazCard, which offers users 50 per cent cashback on Lazada.
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.
most important priority in 2023 to ensure liquidity

Most important priority in 2023 to ensure liquidity

Nguyen Thi Hong, Governor of the State Bank of Vietnam (SBV), affirmed that the highest priority of monetary policy in 2023 was to ensure liquidity and maintain the stability in the banking system.
banking sector suffers difficulties in 2022

Banking sector suffers difficulties in 2022

The State Bank (SBV) has looked back on the many difficulties for the sector in 2022, which relate to a number of areas, including credit, exchange rate, and liquidity.
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.
looking ahead to a bumper business year

Looking ahead to a bumper business year

To mark the new year, business leaders share their stories about how their businesses have overcome a challenging 2022, as well as their development plans and expectations for the next 12 months and beyond in Vietnam.
producing policy to protect growth

Producing policy to protect growth

Vietnam continues to weather the storms affecting the global economy. Andrea Coppola, World Bank’s lead economist, spoke with VIR’s Hong Dung to evaluate Vietnam’s ongoing economic performance.
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.
high risk sectors to face strict credit restrictions

High-risk sectors to face strict credit restrictions

The State Bank of Vietnam is requiring credit institutions and foreign bank branches to execute credit and interest rate policies properly, as per a new document.
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.