Banks’ profit growth forecast to slow in 2019 Profit growth of Vietnamese banks in 2019 would be lower than the previous year, but still at a positive level, analysts from the Viet Dragon Securities Company (VDSC) forecast.

Bank profits expected to rise significantly in Q1

The profits of many banks in the first quarter of this year are estimated to rise higher than that of the same period last year thanks to significant credit growth.

Silver lining to interest-rates blues

Agribank, Vietcombank, Vietinbank, BIDV and VPBank will reduce lending interest rates by 0.5 per cent a year for prioritised economic sectors, such as small and medium domestic businesses. Financial expert Nguyễn Trí Hiếu answered Việt Nam News questions on the matter.

Bank profits enable rate cuts

The banking sector's profits were anticipated to rise significantly in 2017, driven by the handling of bad debts and the recovery of the property sector.

Bank profits still mainly depend on lending

Profits of commercial banks, including large-sized entities, continue to depend mainly on lending, making it difficult to achieve sustained growth.

VN stocks fall amid Fed fears Vietnamese shares yesterday fell on both local bourses as investors worried that a possible US central bank interest rate hike in March could help weaken the local currency, undermining bank profits.

VN shares down for third day Vietnamese shares extended losses on both local bourses for a third day as banks fell amid investor expectations that interest rate hikes in the US and Europe could undermine the profitability of local financial firms.

Credit growth lifts bank profits High credit growth has helped many commercial banks to gain impressive profits this year despite having to provide a larger amount for provisional fund.

Banks face struggle for profits in final quarter Sagging commercial bank profits are unlikely to improve in the final quarter of the year, forecast Vietcombank Securities Co in its latest report.

Bank profits dip as credit growth slows Commercial banks in HCM City are concerned that they might not be able to meet their year-end business targets because lending has declined in the last seven months.