Tag: "hsbc"

Credit growth rate might pose risks

Credit growth rate might pose risks

A high credit growth target of 21 per cent could be achieved this year, but with it come risks on credit quality and the potential for unevenly distributed loans, privileging large private firms instead of smaller ones.

After TPP, Vietnam searches for other trade avenues

After TPP, Vietnam searches for other trade avenues

Though global trade growth is on the wane and protectionism walls are up in some areas, Vietnam is still in good position to overcome the trade slowdown, with potential to further boost manufacturing and room to grow the services sector.

Vietnamese banks no longer burn for foreign capital

Vietnamese banks no longer burn for foreign capital

After separating from HSBC, Techcombank plans to spare no room for foreign investors, and VP Bank, which has been prospering in the last four years, is no longer eager to seek foreign partners.

Experts warn of high credit growth risks

Experts warn of high credit growth risks

As the Government is striving to obtain credit growth of 20% to 22% this year, many economic experts voiced their concerns over possible adverse impacts of high credit growth on businesses and the economy.

HSBC upbeat on Vietnam’s economy

HSBC upbeat on Vietnam’s economy

Vietnam’s economy is well positioned for growth in international trade and will continue to experience high growth over the next three to five years, said Chief Executive Officer (CEO) of HSBC Vietnam, Pham Hong Hai.

Techcombank wants no foreign ownership

Techcombank wants no foreign ownership

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has no foreign stakeholder following HSBC Bank plc’s divestment in July, and has requested shareholders to approve zero foreign ownership temporarily.

HSBC: Vietnam may miss 3.5% fiscal deficit for 2017

HSBC: Vietnam may miss 3.5% fiscal deficit for 2017

While a renewed focus on equitizing State-owned enterprises (SOEs) has been exhibited following the leadership transition in April last year, equitization alone is not a short-term solution to reducing the government’s fiscal deficit.

Foreign banks scale down business in Vietnam

Foreign banks scale down business in Vietnam

Some large foreign banks operating in Vietnam have recently scaled down their business or withdrawn capital from Vietnamese banks. What is happening with the banking sector?

PM conference with businesses seeks development measures

PM conference with businesses seeks development measures

Enterprises across Vietnam contributed their ideas to making breakthrough policies in service of the efficient enforcement of the Government’s resolution on supporting and developing businesses until 2020 during the ongoing conference between the Prime Minister and businesses in Hanoi.

Korean banks expand in Vietnam

Korean banks expand in Vietnam

Following Shinhan Vietnam’s successful acquisition of ANZ Vietnam’s retail business, fellow Korean banks have also expanded their sizes and market share in Vietnam, seizing the lead in the foreign bank race on the Vietnamese market.

M&A in banking unlikely to pick up soon

M&A in banking unlikely to pick up soon

Mergers and acquisitions (M&A) activities in the banking sector in the past two years seem to have cooled down, and without the right policies that would solve major bottlenecks in the process of buying banks, it is unlikely to pick up soon.

Cautious banks to focus on lending quality

Cautious banks to focus on lending quality

Credit growth in the first two months of 2017 rose 1.23 percent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.

Cautious banks to focus on lending quality

Cautious banks to focus on lending quality

Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.