Vietnam names 17 major banks in finance system
Banks in the list are classified as important pillars to the finance-banking system, and therefore subject to close credit risk monitoring and warning under the SBV’s instruction.
Banks in the list are classified as important pillars to the finance-banking system, and therefore subject to close credit risk monitoring and warning under the SBV’s instruction.
A banking expert said the central bank needs long-term and effective solutions to deal with bad debt after the pandemic.
More loans have come to wind and solar power projects recently.
Prospects of foreign investment will dim in 2020, given the impact of the coronavirus outbreak on investment sentiment globally, and this will make it more difficult for Vietnamese banks to raise external capital.
Rising foreign investment flow in Vietnam has prompted overseas banks to expand operation in the country.
Experts said that a series of favorable conditions are encouraging local banks’ plans to sell shares to foreign investors for capital hike in a move to meet the Vietnamese central bank’s Basel II regulation.