Vietnam stocks jump most in 11 years Wednesday amid global gains
Analysts at MB Securities and Yuanta Securities reckoned Wednesday’s rally is a short-termed rebound.
Analysts at MB Securities and Yuanta Securities reckoned Wednesday’s rally is a short-termed rebound.
Foreign banks have decided to boost consumer finance loans as the business segment is forecast to maintain double digit growth this year.
With five new banks included in this year’s Brand Finance Banking 500, the total number of Vietnamese banks in the global top 500 banks in brand value hits nine.
The central bank is willing to support liquidity for credit institutions, if needed, as they start providing financial support for the economy.
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%.
After the transactions, the International Finance Corporation (IFC) and IFC Capitalization Fund now hold 185.8 million shares, or a 4.99% stake.
Rising foreign investment flow in Vietnam has prompted overseas banks to expand operation in the country.
Nine out of the ten largest cap companies continued to lead the classification compared to 2018, but their rankings are now changed.
The circular lists cases that credit institutions are granted a reserve requirement waiver or a lower reserve requirement ratio.
By the end of 2020, all commercial banks are required to meet Basel II standards, a condition for local lenders to expand their respective credit growth limit and increase registered capital.