tech advancement to boost bank prospects

Tech advancement to boost bank prospects

Only banks with a knack for technology may be willing to shift towards sustainable development in an efficient manner, industry leaders say.
stable lenders to lead to interest in stocks

Stable lenders to lead to interest in stocks

Identifying the risk factors of the banking system can open up prospects to invest in banking stocks this year, industry experts are saying, while banks themselves are urged to take provisioning activities into consideration.
exchange rate spike not deemed an imminent threat

Exchange rate spike not deemed an imminent threat

The USD exchange rate on the morning of February 24 on the free market and banks both increased sharply compared to the previous session, exceeding the threshold of VND24,000.
what vietnam could learn from singapore

What Vietnam could learn from Singapore

A close partnership between Singapore and Vietnam will enable them to capitalise on the wealth of opportunities that digitalisation and sustainability offer. Michele Wee, CEO at Standard Chartered Bank Vietnam, talked to VIR’s Nhue Man about spurring prosperity for both nations and fostering greater interconnectivity within ASEAN.
cash burden alleviation now called for

Cash burden alleviation now called for

The domestic real estate market is starting to recover, but it would benefit from more governmental assistance, such as softer bank loans and credit.
nordic nations staunchly working alongside vietnam

Nordic nations staunchly working alongside Vietnam

Vietnam emerged as one of the great success stories among Asian emerging economies. Vietnam found its way to thrive economically and even achieved an impressive 8.02 per cent GDP growth in 2022. The improved business environment has contributed to socioeconomic recovery and development, thus regaining the trust of the foreign business community in Vietnam.
natural healing retreats at alba wellness valley by fusion

Natural healing retreats at Alba Wellness Valley by Fusion

Nestled in the foothills of the Truong Son mountain range, just a short drive from the ancient citadel of Hue, sits Alba Wellness Valley by Fusion, the haven of tranquillity we’re in search of, the ultimate wellness destination where you can escape the stresses of urban life, if only for a while, and fully reconnect with yourself.
banks urged to reduce costs to cope with nim drops

Banks urged to reduce costs to cope with NIM drops

To ensure net interest margin (NIM), banks are often choosing to raise output interest rates for borrowers but reduce the ability to fulfill debt obligations, while the central bank has also requested cuts in admin and expenses.
speaker of rok national assembly concludes official visit to vietnam

Speaker of RoK National Assembly concludes official visit to Vietnam

Speaker of the National Assembly (NA) of the Republic of Korea (RoK) Kim Jin-pyo and his wife left Hanoi on January 18, concluding their seven-day official visit to Vietnam at the invitation of NA Chairman Vuong Dinh Hue.
na approves resolution on relieving nguyen xuan phuc from posts

NA approves resolution on relieving Nguyen Xuan Phuc from posts

The 15th National Assembly's third extraordinary meeting took place in Hanoi on January 18 under the chair of NA Chairman Vuong Dinh Hue.
economists cautious on interest rate adjustments

Economists cautious on interest rate adjustments

As Vietnam’s government has raised its inflation target to 4.5 per cent for 2023, policymakers are required to maintain a cautious stance on monetary policy.
lenders search for further credit room

Lenders search for further credit room

As the gap widens among banks in terms of profit growth, on-year credit growth remains an important driver for banks, as it makes the largest contribution to pre-tax profit growth. Thus, banks are looking for an allocation of credit room this year.
flexibility headlines finance for 2022

Flexibility headlines finance for 2022

Interest rates, exchange rates, and credit growth were the focus of a volatile 2022, and more complexities are forecast for the following 12 months.
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.
expectations set for credit adjustment

Expectations set for credit adjustment

Credit room loosened early last week is expected to help increase resources and expand credit for businesses and industries in need.