Vietcombank looks to raise pre-tax profit by 12 per cent in 2021 The bank also aims to raise its total assets by 6 per cent and mobilised capital by 8 per cent while credit growth is expected to pick up 12 per cent.

SBV targets 12 per cent bank credit growth this year The State Bank of Việt Nam has set a banking credit growth target of 12 per cent for this year, marginally lower than the rate achieved last year.

Credit still increases more than 10 per cent: SBV Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú has said despite the COVID-19 pandemic, the bank has operated local monetary policy effectively and flexibly this year.

Credit growth limits extended The State Bank of Việt Nam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 per cent.

HDBank to further support customers affected by pandemic: vice chairwoman

HDBank will continue to support individuals and enterprises affected by the Covid-19 pandemic while continuing to maintain business operations, and expand internationally after the pandemic ends, its standing vice chairwoman has said

Switching listing helps banks boost stock value Local banks are rushing to switch their listings from the UPCOM or the HNX to the major trading bourse HOSE, which will help increase their stocks value, transparency and liquidity.

Việt Nam’s full-year growth expected at 3% in 2020: Standard Chartered Standard Chartered expects Việt Nam’s economy to grow by 3 per cent in 2020 and surge to 7.8 per cent in 2021. Rising consumption on improving sentiment, and faster manufacturing will drive growth in the last quarter this year.

HCM City banking sector to continue supporting businesses hit by pandemic woes

Banks in HCM City are focusing on measures to mitigate the difficulties faced by businesses due to the Covid-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.

Banks start to report business performance Some commercial banks have started to release business results from the first nine months of this year.

PetroVietnam’s nine-month oil output surpasses target at 8.64 million tonnes

The Việt Nam Oil and Gas Group (PetroVietnam) has reported that nine-month oil output surpassed its target by 9.4 per cent, reaching 8.64 million tonnes ending September.