The trend towards retail banking will only get stronger in Vietnam as banks realise the vast potential of the market, experts said at the ASEAN Banker Forum held on November 19 in Ho Chi Minh City.
Vietnam saw its pool of wealthy individuals grow significantly in 2013, up 14.7% from last year, ranking second in Southeast Asia in terms of the growth rate, according to the US’ Wall Street Journal.
The second property exposition and trade fair will get underway in Hanoi from October 18-20, a move expected to shore up a long-time sagging property market.
(VOV) - Legislators, investors and bankers from Vietnam and Laos examined ways of realising macroeconomic, financial, monetary and banking policies at a workshop in Vientiane on July 27.
(VOV) -High inventory levels are attributed to low credit growth and an increase in banks’ bad debts.
(VOV) -Banks have to speed up the application of modern technology to improve services, or they will lose out to rivals on home turf.
(VOV) - The 2012 ASEAN Banker Forum began in HCM City on December 4, organised around the theme “Retail banking: building competitive advantages that engage and retain customers”.
Immediate and long-term strategies on building sustainable financial structures were examined at a seminar held in Ho Chi Minh City by the Investment Bridge Magazine.
State Bank of Vietnam Governor Nguyen Van Binh has asked commercial banks to refinance outstanding loans at lower interest rates in a bid to help businesses in difficult circumstances.
Online football betting has recently exploded with the participation of millions of gamblers, which has led to billions of US dollars being transferred from Vietnam abroad, according to the Ministry of Public Security.
The State Bank of Vietnam (SBV) early last week cut the ceiling deposit rate for the fourth time in four months as the over regulated market start to mellow.
More than 200 domestic and foreign bankers, creditors and property developers from 16 countries around the world gathered at a banking and investment conference in Danang on June 7-8.
Vietnamese and foreign bankers are gathering in Hanoi on May 23-24 to discuss technology transformation towards effective banking governance and high quality services for the banking sector.
Large numbers of businesses have filed for bankruptcy or had to suspend production due to numerous difficulties they face, especially in accessing bank loans. It seems the situation will be getting worse unless State management agencies take action.
While Vietnam’s exports to key markets, such as the US, EU and Japan show signs of declining there is a growing demand for Vietnamese products in Africa, West Asia and Latin America.