1. Overview Vietnam’s banking sector has shown significant improvement which results from stable inflation and interested rate, favorable environment for foreign direct investment and a shift from deficit to surplus of the country’s current account. This sector plays a crucial role in Vietnam’s economic development in recent years. 2.Banking system There are two tiers in … Read more
From the beginning of this year, financial investors from Korea have actively sought opportunities to enter Vietnam banking market, especially the consumer finance segment. One typical example is the Lotte Card is negotiating to acquire Techcom Finance. Recently, Techcombank has approved the contract and transaction documents related to the sale of 100% stake in Techcom … Read more
The first half of 2015 witnesses Non Performing Loan (NPL) ratio decreased thanks to the intervention of VAMC and many M&A deals in the banking sector of Vietnam. Vietnam banking sector has been highly valued by foreign investors which consequently create positive impact on the Vietnam stock indexes. Credit growth is forecasted to continue to be strong thanks … Read more