Banking & Finance

By the end of 2025, Vietnam targets to have at least 80% of adults in the country to have bank accounts and the number of non-cash transactions to expand 20 – 25% annually.

Total assets of commercial banks under state ownership accounted for 42.7% of the total in the banking sector, followed by joint stock commercial banks with 41.6%.

The stock market usually goes up in ten sessions after the Lunar New Year holiday with a strong increase in trading volume and value.

Vietnam's stock market remains appealing to both domestic and foreign brokerage houses.

In 2020, the credit growth is expected to be in range of 13 – 13.5%, down from 13.7% last year.

Vietnam is capable of repaying debts, as the annual debt repayment accounts for 15 – 16% of total state budget, below the ceiling limit and international practice of 25%.

Vietnam currently does not have a mechanism to limit the failure of transactions similar to other emerging markets in the region.

Foreign indirect investment will continue to increase this year and the interest will shift gradually from the bond channel to the stock market.

Given the growing US – Vietnam diplomatic relations and Vietnam’s willingness to address the US's concern related to trade issues, the chance for this to happen is nearly zero, said an expert.

Vietnam has witnessed dynamic growth of the fintech sector, with the increasing participation of the older generations.

The prospect of the Vietnamese stock market this year will be brighter, with profits of listed firms in 2020 likely to increase by 18% against 2019 while the VN-Index may rise by 20.7%

At present, Heineken has paid the full amount to state budget.

No one should be left offline in the digital economy.

Rising foreign investment flow in Vietnam has prompted overseas banks to expand operation in the country.

Once completed, Aozora would become OCB Bank’s largest shareholder.

Nine out of the ten largest cap companies continued to lead the classification compared to 2018, but their rankings are now changed.

Bancassurance income is set to have much potential to grow both at sector-wide and individual bank level, according to a brokerage.

The circular lists cases that credit institutions are granted a reserve requirement waiver or a lower reserve requirement ratio.

This is the sixth year in a row that the Vietnam insurance market has achieved a premium growth rate of over 20%.

PwC’s analysis showed that opportunities for cash release from working capital in the fiscal year 2018 would be more than US$11 billion.