Vietnamplus

The capitalisation of Vietnam’s banking sector is expected to increase by nearly 2.8 billion USD this year.

The State Bank of Vietnam (SBV) has officially approved plans to increase charter capital of many State-owned and private banks.

Private banks have posted significant growth in credit market share in the past five years.

Private banks have posted significant growth in credit market share in the past five years.

Bank Central Asia (BCA), Indonesia’s largest lender by market capitalisation, reported 6.58 trillion rupiah (444 million USD) in net income in the first quarter of this year, up 8.5 percent against the first quarter of 2019, when it reported net income of 6.06 trillion rupiah.

Vietnam is a promising market for fintech companies thanks to its young demographic, strong e-commerce growth, and increasing smartphone and internet users, heard a conference in Ho Chi Minh City on October 31

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.

The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, but challenges are also apparent, Moody’s Investors Service said in a recent report.