Vietnam’s new banking law tightens rules on cross-ownership, credit limits
Vietnam’s recently-passed amended Law on Credit Institutions will make cross-ownership more difficult and prevent bank manipulation, a move welcomed by local experts.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
New credit institution law to bring stability, transparency to banking system: brokers
The newly-approved amended Law on Credit Institutions is a significant step that governs the stable and transparent management and operation of the banking system, said securities brokers.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Private lender TPBank to acquire fund management firm
Vietnamese private lender TPBank says the impending acquisition of fund management firm Vietnam Fortune Capital (VFC INC.) will further its efforts to become a modern financial group.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam targets 2024 economic growth of 6-6.5%
Vietnam’s National Assembly, the country’s supreme legislative body, has approved a resolution requiring the government to achieve GDP growth of 6-6.5% next year, higher than circa 5% seen for 2023.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banking system needs strong reforms: expert
The Vietnamese banking system must be reformed in a comprehensive and substantive manner in order to unleash credit and other capital sources for the economy, said banking expert Dr. Nguyen Tri Hieu.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banking system needs serious shake-up: expert
The Vietnamese banking system must be reformed comprehensively and substantively, given many banks showing increasingly weak financial health, wrote banking expert Dr. Nguyen Tri Hieu.
Opinion - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s credit growth forecast to reach 12% in 2023
Credit growth in Vietnam will hit only 12% this year due to the ailing real estate market, decelerating export growth, and high interest rates, said top broker VNDirect Securities.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Monetary policy easing expected for 2023: top broker SSI
Vietnam’s monetary policy is expected to be eased this year as the current interest rate is at a high level and economic growth is forecast to face more difficulties due to external factors, said securities broker SSI.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank plays down concerns over financial health of Saigon Commercial Bank
Vietnam’s central bank has pledged to keep the operations of Saigon Commercial Bank (SCB) stable and ensure the legitimate rights of depositors amidst a run on deposits since Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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- Editor’s Picks
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No offshore wind projects in Vietnam until 2028: global council
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Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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Techcombank plans 10% stake issue to foreign strategic investors
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Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB
