Tag: banks
WB economist points to Vietnam’s growth drivers
Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist.
ADB raises 2022 economic growth projection for Vietnam to 7.5%
VOV.VN - The Asian Development Bank (ADB) has raised its economic growth forecast for Vietnam this year to 7.5%, despite regional and global gloom, the bank said in a regular supplement to the Asian Development Outlook (ADO) 2022 released on December 14.
Loosening monetary policy welcomed amid credit crunch
The State Bank of Vietnam (SBV)’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year (Tet).
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French Senate leader visits Nhon-Hanoi station urban railway line
President of the French Senate Gérard Larcher visited the France-invested Nhon-Hanoi station urban railway line in Hanoi on December 9 as part of his visit to Vietnam.
WB experts inspect Can Tho city development project
A working delegation led by World Bank Managing Director of Development Policy and Partnerships Mari Pangestu paid a fact-finding trip to the Mekong Delta city of Can Tho on December 7 to check on the Can Tho City Development and Resilience Project.
Central bank to raise credit limit, banks slash interest rates
The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14% limit on December 5.
Restructuring to boost M&A in banking industry
Weak banks that are restructuring will be the target of merger and acquisition (M&A) deals in the near future as the Government is strongly promoting the restructuring of the country’s finance and banking industry.
State President encourages RoK investment in Vietnam
VOV.VN - State President Nguyen Xuan Phuc called on leading corporations of the Republic of Korea, including Hyosung, Samsung Electrics and KDB, to increase investments in Vietnam for mutual benefits.
IFC plans to pour US$320 million into three Vietnamese banks
The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of US$320 million in three Vietnamese banks, reported the Nikkei Asia.
Asian investors eye more M&A opportunities in Vietnam
Investors from Japan, the Republic of Korea (RoK), and Singapore are looking for more potential merger and acquisition (M&A) opportunities in Vietnam, pinning high hopes on the long-term growth prospects of the market.
