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Vietnamese banks expect to sell more shares to foreign investors in 2022
A number of Vietnamese banks plan to sell more shares to foreign investors in 2022 as part of set strategies.
Market potential of elderly service industry growing fast
The increasing demand for services for the elderly has created investment and business opportunities for local and foreign investors.
M&A in technology booms during pandemic
The Mergers and Acquisitions (M&A) market in Vietnam has been going through a downturn due to the pandemic, but the technology sector is bucking the trend, according to experts at a seminar on digital transformation and M&A on January 11.
Banks’ charter capital surged in 2021
Banks increased their charter capital by more than VND110 quadrillion in 2021 - the highest annual growth to date - to enhance financial strength and meet the central bank’s regulations.
Domestic insurance market expects double digit growth in 2022
The country’s total insurance premium revenue in 2022 is estimated at VND253.7 trillion (US$111.1 million), up 18.04% compared to 2021, according to the Department of the Insurance Supervisory Authority.
Cybersecurity crucial for ongoing digitisation of banking industry: researchers
Cybersecurity is one of the central issues in the digital transformation of the banking system.
Most credit institutions upbeat about business performance in 2022
A majority of credit institutions are optimistic about their business performance in 2022, according to the latest survey by the State Bank of Vietnam (SBV).
Expanded credit growth quota supports firms in recovery
The State Bank of Vietnam (SBV)’s expansion of credit growth quotas for commercial banks has created favourable conditions for lenders to boost lending as a way of supporting capital sources for individuals and firms to recover after the COVID-19 pandemic.
Retail to bounce back strongly in 2022
Large retail firms are to gain even more market share this year as smaller competitors have been forced to exit the game after prolonged lockdowns and mobility restrictions during recent years, said industry experts.
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HCM City’s economy hits sharpest decline on record
Ho Chi Minh City’s economy shrank by 6.78% in 2021, the sharpest yearly decline on record, according to the municipal Statistics Office, as stringent COVID-19 restrictions took their toll.