Liquidity in the interbank market has been abundant, helping the State Bank of Việt Nam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese đồng from the banking system.
Vietnamese banks are forecast to gain in profitability this year, but raising capital will be a key focus for banks to meet the State Bank of Việt Nam’s strict Basel II requirements.
Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of VNĐ523 billion (US$22.45 million).
For Việt Nam to reach its goals set out in its 2016-2020 plan, robust economic growth will be needed for the next two years, experts have said.
Consumer lending in 2017 surged sharply by 65 per cent compared to 50.2 per cent in 2016, according to estimates of the National Financial Supervisory Commission (NFSC).
Higher-than-target economic growth in 2017 was fuelling investor confidence in the Vietnamse economy in 2018 which would bring a lot investment opportunities, experts said at conference held on Friday in Thanh Hóa Province.
Strong economic growth since 2015 has created a thriving domestic property market that is likely to continue next year, said Construction Minister Phạm Hồng Hà.