Banks increasing provision costs
Due to lower lending interest rates, slow credit growth and rising bad debts, commercial banks have increased their provision expenses.
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Due to lower lending interest rates, slow credit growth and rising bad debts, commercial banks have increased their provision expenses.
VietinBank and MUFG Bank Ltd. have marked the 10-year strategic alliance that has enabled both organisations to support the growth of Vietnam’s banking sector.
After a tumultuous year in 2022 with VND interest rates continuously increasing, it is expected that a sideways trend will prevail in 2023.
Indochina Kajima Development Ltd., a joint venture from Indochina Capital and Kajima Corporation, last week signed a strategic partnership with VietinBank with the aim to provide the market with innovative real estate that addresses both current and future demands.
Bank and real estate giants team up 09:51 | 26/04/2021 The Indochina Kajima joint venture will be assisted by VietinBankâs know-how in financial services and more With an investment commitment of $1 billion in Vietnam, Indochina Kajima aims to develop a portfolio of resorts, urban hotels, residential areas, offices, and industrial projects. It is committed to creating innovative real estate, enriching the communities in which it operates. The companyâs first statement in Vietnam is Wink Hotels â a chic, fun, vibrant hotel brand born in Vietnam fo...