Bad debt on the rise
Bad debt has begun rising. Without a quick solution to keep it in check, bad debt would be once again a big problem for the economy, affecting future growth. VND600 trillion worth of bad debt Seven banks have let their bad debt ratio on the balance sheet exceed 3%, out of the 28 lenders that […]
Banks’ optimistic quarterly growth
Bank stocks continue to lag despite lenders posting positive profit growth. A bright picture The National Citizen Commercial Joint Stock Bank (NCB) reported a before-tax loss of VND199 billion in the third quarter, while it earned VND80 billion in the same period last year. The loss resulted from
USAID Launches Project to Improve Private Sector Competitiveness in Vietnam
Small and growing businesses are key contributors to Vietnam’s economic growth, accounting for 40% of GDP and 60% of total employment in 2018.
Official Announcement Vietnam Open Innovation Landscape Report 2021
The Report has received more than 800 registrations from startups to get listed in the Report and more than 2,000 subscriptions from readers so far.
Standard Chartered Forecasts Vietnam 2022 GDP Growth at 6.7%
According to Standard Chartered’s economists, exports should be supported in 2022 by a continued improvement in the global trade environment, although import growth is likely to remain high.
ADB, TPB Sign $25 Million Loan to Finance Women-Led Smes in Vietnam
The loan is accompanied by a $750,000 technical assistance grant to help TPB better meet the needs of WSMEs.
World Bank Credit to Strengthen Infrastructure, Boost Climate Resilience in Vinh Long City
The Government of Vietnam and the World Bank have signed a US$126.9 million financing agreement to improve access to infrastructure, connectivity and reduce flood risk in the urban core of Vinh Long City.
AmCham Selects New National Chair for 2022
Mr. Rockhold has been living and working in Vietnam since 1992 and serves as the Chief Executive Officer of Chan May LNG JSC to implement climate change projects and help Vietnam meet its energy security needs.
New ADB Facility to Help South East Asia Revive Tourism and Boost Sustainable, Inclusive Investments
The pandemic exacerbated growing inequalities between skilled and unskilled workers, hurting low-skilled workers as well as middle-skilled workers, whose jobs face automation or being moved elsewhere.
HSBC Predicts Vietnam’s Economic Growth 6.8% in 2022
Foreign direct investment (FDI), Vietnam’s key driver of growth,is still robust and was only marginally impacted given the serious lockdown that the country applied in 2021.
Fitch Upgrades Asia Commercial Joint Stock Bank to 'BB-'; Outlook Stable
The upgrade on the bank's VR is driven by Fitch’s assessment that Vietnam's banking system operating environment (OE) factor score has returned to a pre-pandemic level of 'bb-' with stable outlook as the economic impact from the Covid-19 pandemic.
Fitch Upgrades Vietinbank's Viability Rating to 'b'; Affirms IDR at 'BB-'; Outlook Positive
Fitch believes Vietinbank's asset quality performance is likely to benefit from an improving economic outlook, which will also have positive effects on its profitability.