Banks need further administrative reforms: conference More administrative reform is needed in the banking industry to make it easier for businesses and individuals to get credit, experts told a conference in HCM City yesterday (May 16).

VN real estate market likely to stay stagnant this year The Vietnamese real estate market will likely remain stagnant this year, unlike in 2017 when price increases were rampant in popular spots around the country, predicted deputy head of the Department of Housing and Real Estate Management Nguyễn Mạnh Khởi.

Companies follow Government lead, set cautious growth targets Not only enterprises but the Government too has been cautious, setting a GDP growth target of 6.6-6.8 per cent for this year as against the 7.08 per cent rate the country achieved last year.

Central bank issues treasury bills for the first time in five months

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.

Vietnam banks’ profitability improves

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 firm to acquire Agribank subsidiary

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).

Strong growth needed in 2019

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 VN surged 65% in 2017

 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).

Economic outlook provides investment opportunities: forum

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.

Property market stays strong

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.