Vietnamplus

Investors from the EU will have opportunities to own higher stakes in Vietnamese banks than those from other countries under Việt Nam’s commitments in the EU-Vietnam Free Trade Agreement (EVFTA).

Last August, Prime Minister Nguyen Xuan Phuc issued Decision No.986/QD-TTg on the Development Strategy of the Banking Sector.

Capital mobilisation by banks in Ho Chi Minh City exceeded 2.135 quadrillion VND (about 92 billion USD) as of early July, up 1.69 percent from the previous month and 13.83 percent year-on-year, said the municipal Department of Statistics.

Capital mobilization by banks in Ho Chi Minh City reached over 2,082 trillion VND (88.1 billion USD) as of May, up 0.83 percent from the previous month and 14.47 percent year on year, said the municipal branch of the State Bank of Vietnam (SBV) on June 7.

OCB shareholders decided at a recent meeting that there will be a change of listing plans.

State-owned commercial banks and a number of commercial joint stock banks lowered annual rates for short-term loans by 0.5 percent in late April in order to remove difficulties facing businesses.