As the government looks to push for public investment and the central bank keeps a low interest rate environment to aid economic growth, banks are expected to be the first beneficiaries from an economic rebound.
The banking sector is set to have a bright outlook in case the economy return to the uptrend growth.
To help accelerate the application of chip cards, most banks are offering the switch free of charge.
This is the first time that the state-run bank claims the first spot in the stock market in terms of market capitalization.
Investment funds unexpectedly divested capital from Vietnam’s stock market in October. However, the local securities market is still expected to rally in November and the last quarter, driven by strong growth of large-cap stocks.
Covid has made us focus as a society collectively on a range of ways of new solutions to familiar problems in order to help live our lives during a pandemic.
Many listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic.
Banking and real estate continue to be the top two sectors in the stock market in terms of profit and growth rate.
Prime Minister Nguyen Xuan Phuc has requested the creation of favorable legal environment and regulatory sandbox for IT companies.
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%.