low input material price to support profit margins of plastic businesses

Low input material price to support profit margins of plastic businesses

Vietnam is currently heavily dependent on the import of PVC resins - input materials in the construction plastic production chain. In the second half of this year and 2023, Vietcombank Securities Co (VCBS) forecasts that a low PVC price will support profit margins of businesses.
banks moving to restructure bad debts

Banks moving to restructure bad debts

As a circular on debt rescheduling for clients affected by the pandemic has expired, banks will face several scenarios to deal with in terms of debt restructuring.
vir talk show to discuss digital talent and transformation in banking

VIR talk show to discuss digital talent and transformation in banking

On September 26, VIR will host a talk show with Jens Lottner, CEO of Techcombank, who will discuss with VIR's Linh Le the current state of the digital transformation in the banking industry and possible solutions for the shortage of digital talents.
keeping on top of crypto legislation

Keeping on top of crypto legislation

The growth of central bank involvement in the digital currency sector has significantly been increased in recent years, with many central banks considering launching a central bank digital currency.
vbsp toasts 9 month upbeat performance

VBSP toasts 9-month upbeat performance

On September 21, the Vietnam Bank for Social Policies (VBSP) convened its periodical third-quarter meeting where CEO Duong Quyet Thang noted the highlights of the bank’s operation in the first nine months as well as plans to accomplish development tasks in the rest of 2022.
state bank revises up interest rates by 1 percent from september 23

State Bank revises up interest rates by 1 percent from September 23

Governor of the State Bank of Vietnam Nguyen Thi Hong has issued decisions on revising up several interest rates by 1 percent, starting from September 23.
vietnam ranks 63rd out of 113 economies in new global index of digital entrepreneurship systems

Vietnam ranks 63rd out of 113 economies in new global index of digital entrepreneurship systems

Vietnam is ranked 63rd out of 113 global economies in a global ranking of digital environment and support systems for entrepreneurs, a new index developed by the Asian Development Bank (ADB).
citi named vietnams best corporate bank 2022 by asiamoney

Citi named Vietnam’s Best Corporate Bank 2022 by Asiamoney

Citi has won the Best Corporate Bank award in the 2022 Asiamoney Best Bank Awards for Vietnam.
investors and buyers play waiting game in credit switch

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.
loosened credit may not be enough for real estate capital

Loosened credit may not be enough for real estate capital

While the State Bank of Vietnam (SBV) has expanded credit limits for several banks, the stricter control of credit in areas like real estate may impact project liquidity in the sector.
bac a bank launches super free combo

BAC A BANK launches Super Free Combo

On September 20, BAC A BANK debuted the Super Free Combo package for individual customers, including all services such as account payment, internet and mobile banking, and domestic debit cards.
financial titans seeking to prompt credit card adoption

Financial titans seeking to prompt credit card adoption

Despite several competitive advantages, the number of domestic credit card holders in Vietnam is still relatively low, but some financial institutions are attempting to break into this budding market.
lenders contend with interest rates

Lenders contend with interest rates

Maintaining steady interest rates is set to be a challenge for Vietnam’s central bank amid unfavourable global events and domestic pressures.
myriad of choices available for monetary policy in vietnam amid global fluctuations

Myriad of choices available for monetary policy in Vietnam amid global fluctuations

As today’s markets are undoubtedly volatile, the State Bank of Vietnam is in a dilemma to adopt a proper monetary policy. Economic expert Vu Dinh Anh discussed with VIR’s Hong Dung the potential approaches for Vietnam to sail through the challenging period.
ratings upgrades auger well for long term progress

Ratings upgrades auger well for long-term progress

Moody’s Investors Service has upgraded the long-term local and foreign currency deposit and issuer ratings of eight Vietnamese banks, following its upgrade of the country’s sovereign rating earlier this month.