Le Xuan Nghia, director of the Business Development Institute and member of the National Financial and Monetary Policy Advisory Council, scrutinises the development prospects in Vietnam and around the world for the remainder of 2023 and beyond.
The decline in deposit interest rates has prompted investors to explore alternative investment channels offering higher profits, as the stock market shows signs of recovery and specific segments of real estate prosper.
After 35 years in business, Agribank still maintains its position as one of the leading banks in Vietnam, with its unique place among Vietnam's rural communities.
After almost two years, many global labour markets have begun to reopen. Deputy Minister of Labour, War Invalids and Social Affairs Nguyen Ba Hoan talked with VIR's Thuy Lien about the notable points in Vietnam’s labour export market.
Muddled information on social networking sites makes readers lose faith, and nowadays they are not only looking for professionalism and accuracy but also humanity in each article. Ho Quang Loi, deputy chairman of the Vietnam Journalists Association, talked with VIR’s Thuy Lien his thoughts about contemporary journalism.
Along with loosened credit growth, a raft of banks have rolled out lucrative lending programmes to fuel consumption demand for the end of the year.
Slated for official roll-out right this month, BizPay, with its multiple advantages and automation attributes, promises to entail breakthroughs in liabilities management as well as tackling businesses’ short-term capital demands.
On April 8, US-headquartered ride-hailing juggernaut Uber will officially transfer its operations in Vietnam and seven other ASEAN countries, including Thailand, Indonesia, and Singapore to its long-time rival, Grab.
Shinhan Bank, Woori Bank, KEB Hanam, and Lotte Card are among the Korean investors currently present in the Vietnamese credit market, aiming to grasp the top spots in the credit card segment which previously was rated as "highly potential."
Mobile payments – and QR code payments in particular – are beginning to take hold in Vietnam, but a lack of common payment standards poses many challenges for mobile payment providers.
State-owned commercial banks are growing concerned over the critically low capital adequacy ratio (CAR) of around 9 per cent, which also hit the minimum required CAR for the Vietnamese banking system.
Local banks are deploying the use of quick response codes for contactless payments, a move set in anticipation of the involvement of some of the world’s largest players.
Banks have generated hefty profits in the year’s first three quarters, buoyed by healthy credit growth.
Since the beginning of the year, myriad financial investors from South Korea have been actively searching for opportunities to enter the Vietnamese banking sector, especially the consumer finance segment. A typical example is Lotte Card, who is negotiating to acquire Techcom Finance.
If approved, the new regulation will force weak credit institutions to be acquired by stronger competitors assigned by the State Bank of Vietnam (SBV), and letting those who fail to recover to face bankruptcy.