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.
growing bond market illustrating bad debt snags

Growing bond market illustrating bad debt snags

While the bad debt market in Vietnam is still in its infancy and positive conditions have converged, stronger steps need to be taken.
na chairman hue to visit australia new zealand

NA Chairman Hue to visit Australia, New Zealand

National Assembly Chairman Vuong Dinh Hue will pay official visits to Australia and New Zealand from November 30-December 6, announced the NA Foreign Relations Committee.
credit growth high amid hikes in ldr

Credit growth high amid hikes in LDR

Most of the listed commercial banks in the country recorded a sharp increase in the loan/deposit ratio (LDR) at the end of the third quarter of 2022 compared to last year.
gilimex industrial park construction kicks off

Gilimex Industrial Park construction kicks off

Thua Thien-Hue People's Committee and Gilimex Industrial Park JSC broke ground on the construction of Gilimex Industrial Park in the province’s Huong Thuy town on November 11.