The Singapore-based DBS Group, Southeast Asia's largest bank by assets, has reported a stronger-than-expected 68% rise in quarterly profit last year thanks to a soar in net interest margins.
President Nguyen Xuan Phuc on February 26 received executives of leading Singaporean firms in different areas such as finance, infrastructure and energy.
Vietnam is likely to be a key beneficiary of the Regional Economic Comprehensive Partnership (RCEP) regarding tariff reductions and foreign direct investment, Singapore's leading consumer bank DBS said in a recent report.
Singapore-based financial service supplier DBS has predicted that Vietnam’s economic growth may reach 8 percent in 2022 thanks to rising flows of FDI and exports and digitalisation impetus.
Singapore’s multinational financial and banking firm DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1,000 by end-December and grow this by 20-30 percent annually for the next three years as digital tokens gain acceptability.
Vietnam’s economy is expected to grow by between 6-6.5 percent over the next decade, and at this pace, it will surpass Singapore by 2030, DBS Bank experts have said.
Vietnam’s economy is expected to grow by between 6-6.5 percent over the next decade, and at this pace, it will surpass Singapore by 2030, DBS Bank experts have said.
If Vietnam’s economy grows by 6.5 percent each year over the next 10 years, it will exceed Singapore in size by 2029, according to the Nikkei Asia Review’s quoting of a DBS Bank report.
The Australia and New Zealand Banking Group (ANZ) plans to sell its Vietnam retail business, a source close to the matter has told the Saigon Times Online.
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