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domestic banks

Local banks to face competition from foreign rivals

Local banks to face competition from foreign rivals

Domestic banks are expected to face increasing competition, especially as European banks will be able to access the Vietnamese market when the European Union-Viet Nam Free Trade Agreement (EVFTA) takes effect.
Banks confident of meeting 2019 profit targets

Banks confident of meeting 2019 profit targets

Domestic banks are in a position to complete their 2019 profit targets if they finish the year on a high.
Banks announce impressive profits in H1 2019

Banks announce impressive profits in H1 2019

Domestic banks have so far unveiled positive business performance results in the first half of this year, with some new records being set.
Banks expand networks to increase market share

Banks expand networks to increase market share

Domestic banks have been enlarging their network of branches and transaction offices rapidly in recent years in an effort to increase market share.
Govt aims to encourage MA in banking sector

Gov’t aims to encourage MA in banking sector

The Government plans not to license any more wholly foreign-owned banks in Viet Nam, instead encouraging foreign banks to buy weak domestic banks, Deputy Prime Minister Vuong Dinh Hue said.
Transparency helps VN banks draw foreign investors

Transparency helps VN banks draw foreign investors

Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested. 
Domestic, foreign banks eye retail sales segment

Domestic, foreign banks eye retail sales segment

Both foreign and domestic banks are racing to develop retail sales strategies in Viet Nam.