VIETNAM BUSINESS NEWS OCTOBER 15
Vietnam’s exports to CPTPP countries up 38.7% in January- August period
Source: vietnamnet.vn
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Banking activities paying off through third-quarter progress
In contrast to previous years, it is possible that the official third-quarter profit for banks will climb faster than the fourth quarter, since credit will increase primarily in Q3 and decelerate afterwards.
Republic Of Jens Lottner Khanh Hien Statistics Department Of The State Bank Vietnam Banks Association Thi Khanh Hien
Source: vir.com.vn
Interest rates could rise, experts say
The State Bank of Vietnam (SBV) has kept regulatory interest rates unchanged to create favorable conditions for clients to access capital at reasonable costs. However, experts have warned that it will be difficult to curb interest rates.
Source: vietnamnet.vn
Banks urged to 'sacrifice' profit to rescue businesses
Many commercial banks have set high profit targets, which makes it difficult to reduce lending interest rates.
Source: vietnamnet.vn