Vietinbank.

Once completed, the Long Thanh Airport is expected to help Vietnam become a leading hub for air transport and logistics in Southeast Asia and the world.

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 Vietnam are responding to the government’s call in forgoing parts of their profits to support customers affected by the pandemic.

Banking sector is set to post a strong growth of 21-28% year-on-year in pre-tax profit in 2021, subsequently leading to higher value of banks stocks.

The banking sector is set to have a bright outlook in case the economy return to the uptrend growth.

The Japanese Ambassador lauded the comprehensive and strategic partnership between Vietnam’s state-run Vietinbank and Japan-based MUFG Bank over the years, which has served as a bridge for two business communities to boost trade and investment cooperation.

Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.

Under the new regulation, state-owned commercial banks where the state holds more than 50% can now be able to raise their registered capital to maintain the government control.

The issue was raised at a conference held between Vietnamese government agencies and major Japanese enterprises in Vietnam to address their issues.

While the banking has to continue its efforts to deal with bad debts, credit institutions are required to support the economic recovery efficiently, said Prime Minister Nguyen Xuan Phuc.