Researchers at the Vietnam National University (VNU) – Hanoi have presented results of a consumer lending survey showing that the majority of Vietnamese people have never used a consumer loan.
Prime Minister Nguyen XuanPhuc met with Yoon Jong-kyoo, President of the Republic of Korea (RoK)’s KB Kookmin Financial Group in Hanoi on February 11, affirming that Vietnam will continue maintaining macroeconomic stability and favourablebusiness environment for foreign investors, including the group.
Vietnam’s consumer loans hit a five-year record high of 15.12 billion USD last year, according to a new report from local market research company StoxPlus.
The Australia and New Zealand Banking Group Limited (ANZ) has recently honoured as the best trade finance provider in Vietnam, presented by the US-based Global Finance magazine.
The highest monthly salary for mid-level and senior managers in Vietnam was 225 million VND (10,000 USD), up by 11 percent in 2015 in comparison with the previous year.
The State Bank of Vietnam has recently approved in principle a merger between the Song Da Finance Company (SDFC) and the Military Commercial Joint Stock Bank (MBBank).
Maritime Bank has received approval from the State Bank to acquire the
Textile and Garment Finance JSC, an affiliate of the Vietnam National
Textile and Garment Group.
A recent trend in the
banking and finance industry is that commercial banks are looking to buy
finance companies in an attempt to have "special tools" to facilitate
their business activities.
Ho Chi Minh City Development Bank (HDBank) recently announced that it
has got approval from the State Bank of Vietnam (SBV) to acquire Societe
General Viet Finance (SGVF).
Fund management firm Mekong Capital has released analysis on the
investment environment of Vietnam towards 2015 that identifies
opportunities in consumer goods manufacturing, retail and education.
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