Remittances to HCM City, which routinely accounts for the highest amount in the country, has topped US$1 billion already this year.
More organizations are offering new financial products and services that are changing the form and nature of the market and are shaping the future of financial inclusion.
Some commercial banks have entered a new interest rate hike race to lure medium- and long-term deposits, pushing the rate to a record high of more than 9 per cent per year.
Three joint stock banks, BIDV, Vietcombank and VietinBank, are now the country’s most valuable banking brands.
Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.
The Bank for Investment and Development of Việt Nam (BIDV) will offer preferential loans up to a total of VNĐ10 trillion (US$439 million) this year to support high-tech agricultural businesses.
The Bank for Investment and Development of Vietnam (BIDV) will offer preferential loans up to a total of VNĐ10 trillion (US$439 million) this year to support high-tech agricultural businesses.
Since mid-February interest rates on đồng loans on the inter-bank market have surged, somewhat surprising analysts since liquidity at most banks is pretty steady.
Việt Nam has the highest proportion of female CEOs in the Asia Pacific region at some 25 per cent, much higher than the world average of 10 per cent.
The National Financial Supervisory Commission (NFSC) has reported that credit in the first month of the year saw a growth rate of 1 per cent, the highest month-on-month increase over the past five years.