Advertisements Life insurer Dai-ichi Life Vietnam collected $350 million in premiums in 2017, securing its foothold in one of Asia’s fastest-growing insurance markets. Dai-chi Life Vietnam has just released its 2017 business results, which states that the insurer now takes up 12 per cent of the market share in the Vietnamese life insurance segment. TheContinue reading “Japanese insurer records strong growth in Vietnam”
Category Archives: Finance
VN-Index surge is cause for concern
Advertisements As the VN-Index breaks the 1,000-point mark and paints a rosy outlook for the rest of 2018, questions have arisen on whether Vietnam is getting too expensive for foreign investors. A New Year’s high The Vietnamese stock market got off to a good start in 2018. Its main gauge, the VN-Index, crossed the 1,000-pointContinue reading “VN-Index surge is cause for concern”
VIB posts strong profit growth in 2017
Advertisements The Vietnam International Bank (VIB) has reported pre-tax profit of over VND1.4 trillion (US$62 million) in 2017, surging 100 per cent year-on-year or far surpassing the yearly target. VIB’s total assets also saw a positive yearly increase of 18 per cent to VND123 trillion ($5.4 billion), while the bank’s total credit balance amounted toContinue reading “VIB posts strong profit growth in 2017”
Standard Chartered Bank ends 12-year partnership with ACB
Advertisements Standard Chartered Bank (Hong Kong) has ended its “12-year marriage” with Asia Commercial Bank (ACB), offloading its entire holding of more than 154 million shares in the Vietnamese bank. The transaction was completed on January 9 for an undisclosed sum. According to the Viet Nam Depository Securities Centre’s announcement, Standard Chartered APR Limited transferredContinue reading “Standard Chartered Bank ends 12-year partnership with ACB”
Vietnamese or foreign bank – Which is the better for your business?
Advertisements While foreign banking institutions had branches and representative offices in Vietnam starting in the late ‘80s, much of the landscape consisted of the State Bank of Vietnam (SBV), which originally operated as both a private and commercial bank. In 1990, the SBV produced four offshoot state-owned commercial banks (SOCBs), each focusing on particular sectorsContinue reading “Vietnamese or foreign bank – Which is the better for your business?”
Vietjet shows the ambition behind its gimmicks
Advertisements Founded in 2011, the Vietnamese budget airline has captured 40% of the domestic market. Vietjet Air has achieved brand recognition with one of the crudest marketing ploys in business: using scantily clad women to attract attention. Its stewardesses have worn bikinis on some flights, and the airline publishes calendars of models wearing lingerie inContinue reading “Vietjet shows the ambition behind its gimmicks”
Eximbank is getting back on track
Advertisements Eximbank went beyond all expectations in 2017 Overcoming various obstacles and difficulties in 2017, Eximbank went out of their way to achieve certain proudly positive results. In particular, the pre-tax profit reached over VND 1000 billion, more than 2.5 times that of 2016 and increased 69% comparing to initial plan. The bad debt ratioContinue reading “Eximbank is getting back on track”
Shinhan Bank CEO forecasts rise of retail banking
Advertisements Shinhan Bank Vietnam (Shinhan Bank) – one of the leading banks of South Korea, has officially took over the retail banking segment of the Australia and New Zealand Banking Group in Vietnam (ANZ Vietnam) to expand its payment services by utilising ANZ’s resources. Shin Dong Min, CEO of Shinhan Bank, addressed the acquisition ofContinue reading “Shinhan Bank CEO forecasts rise of retail banking”
Special economic zones ready to launch
Advertisements Special economic zones (SEZs) seem to be ready to launch after 20 years of waiting for the completion of the draft Law on Special Economic Zones. Meanwhile, consideration and appraisal have been carried out quickly to approve SEZ projects. Choosing a governance model for SEZs The National Assembly (NA)’s Law Committee held a discussionContinue reading “Special economic zones ready to launch”
PM urges Vietnam banking sector to prioritize regulating bitcoin
Advertisements Vietnam’s banking sector should seek measures to regulate cryptocurrency and other digital assets, and mitigate the ‘dark side’ of technological advances, Prime Minister Nguyen Xuan Phuc requested on Tuesday. During these times of fast technological development, local banks should put those tasks on top of their agenda, in addition to continuously cutting lending interest,Continue reading “PM urges Vietnam banking sector to prioritize regulating bitcoin”
Consumer lending in VN surged 65% in 2017
Advertisements 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). The proportion of consumer credit in total outstanding loan of the entire banking system was estimated at 18 per cent in 2017, up from 12.3 per centContinue reading “Consumer lending in VN surged 65% in 2017”
2017 apartment sales break record
Advertisements 2017 witnessed an increasing number of apartments for sale both in general and in the secondary segment (particularly in Hanoi), as reported by commercial property and real estate services firm CBRE. Apartment market The fourth quarter of 2017 was the most active time on the apartment market. There were 9,500 new apartments launched inContinue reading “2017 apartment sales break record”
Trying to control the ‘uncontrollable’: Vietnam pushes for Bitcoin legal framework
Advertisements Cryptocurrencies are not officially recognized in Vietnam, but that has not discouraged investors. Vietnam’s central bank has been instructed to compile a legal framework to control Bitcoin and other cryptocurrencies that are not currently recognized by Vietnamese law. The government office issued the directive this week asking the Ministry of Justice and the StateContinue reading “Trying to control the ‘uncontrollable’: Vietnam pushes for Bitcoin legal framework”
10 Financial Milestones to Achieve in Your 20s and 30s
Advertisements There are financial milestones that need to be achieved in your 20s and 30s, in order to reach financial success. Some of them will just happen in the normal course of life, but others may require you to be more proactive. This is especially true if you want to master the milestones rather thanContinue reading “10 Financial Milestones to Achieve in Your 20s and 30s”
Real estate and stock markets to rise above market in 2018?
Advertisements Forecast to be in a finer state than in 2017, the Vietnamese economy in 2018 is expected to provide even more favourable conditions for foreign direct investment (FDI) inflows and domestic market are promising to become stronger, resulting in more investment opportunities—especially in the stock and real estate markets. Particularly, various commercial banks wereContinue reading “Real estate and stock markets to rise above market in 2018?”