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Update news ANZ
Foreign banks have decided to boost consumer finance loans as the business segment is forecast to maintain double digit growth this year.
The new coronavirus is estimated to shave 0.81 percentage points off Vietnam's annual GDP growth.
Rising foreign investment flow in Vietnam has prompted overseas banks to expand operation in the country.
VietNamNet Bridge - The sale of business divisions can be seen as a move by foreign banks to restructure their operations and focus on core business fields to improve business efficiency.
VietNamNet Bridge - Concerns were once raised when a number of foreign partners decided to divest from Vietnamese banks, but banks’ financial reports show satisfactory business performances.
Some large foreign banks operating in Vietnam have recently scaled down their business or withdrawn capital from Vietnamese banks.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?
VietNamNet Bridge - The increased demand for capital and bank services has attracted more foreign banks to Vietnam, which is putting pressure on domestic bankers.
VietNamNet Bridge - About 70-80 percent of the profit made by foreign banks comes from services, while credit makes up 10-15 percent.
Among organizations and individuals of Vietnam named in the Panama Papers are Nguyen Thi Phuong Thao, Chair of Sovico Holdings, and Chair of SSI Securities Company Nguyen Duy Hung. How did they explain this inclusion on the list?
VietNamNet Bridge - International institutions agree that Vietnam’s economy is recovering strongly while seeing a bright outlook for its continued growth.
Banks latest reports notes the price to pay for continued economic growth.
Japan – a tiger economy for labour exports; Thanh Hoa assists projects in Nghi Son EZ; Vietnam’s economy continues recovery trend in 2015; Singapore leads ASEAN investors in Vietnam; HCM City’s property market expected to grow in 2015
Vietnam's 2014 growth is expected to hit 5.6 percent and improve to 5.8 percent in 2015, according to the Global Economic Update 2015 released on December 3 by the Australia-New Zealand Banking Group (ANZ).
VietNamNet Bridge – International institutions and media have recently reported on the positive outlook of Vietnam’s national economy and brighter prospects in 2015.
Beer consumption declines following tax hike: study; ANZ at risk of losing out from SSI divestment; Banking sector to see two M&A deals; MoIT optimistic about 2014 goal realisation; Vietnam jumps five places on 2014 global innovation ranking
VietNamNet Bridge – Although Moody’s upgraded Vietnam’s credit rating last month, ANZ Vietnam Bank said in its latest report that the nation still needs to do much more to unlock its full potential given challenges ahead.
VietNamNet Bridge – Foreign banks in Viet Nam appreciated the government's responses to the East Sea tensions, which helped them stay calm and confident, according to the State Bank of Viet Nam (SBV).
Japanese firm makes battery-powered bikes in city; ANZ: Bad debts hinder lending; Casino winners may repatriate money abroad; State Audit says to examine road maintenance fund; Occupancy peaks in HCMC office market
VFA lowers rice export target; Local lending grows by 5.83%; Local firms lack knowledge of TPP trade agreement; Lax management blamed for uncontrollable imported milk prices