the-shiv

A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

how to guides

industry overviews

Vietnam banks expected to lend US$82 billion this year

With a credit growth limit of 15 percent in place for 2024, Vietnam’s Banks are expected to issue loans to the tune of US$82 billion this year, VN Express is reporting. The publication also notes that credit growth for 2023 reached 13.71 percent in 2023.

Food for thought:

  • Credit growth in Vietnam as of November 22, 2023 was 8.21 percent; however
  • It was reported in January credit growth for 2023 had reached 13.71 percent;
  • This represents a jump of 5.5 percent in a little over 5 weeks.
  • Total credit at the end of 2022 was VND 11,924 trillion (US$490 billion);
  • A 5.5 percent increase therefore represents an additional US$26.95 billion;
  • After averaging just US$3.65 billion a month for the rest of the year.
Linkedin Twitter Instagram Facebook Whatsapp Reddit
Events Calendar
Business Support Directory

latest news

Vietnamese consumer bank deposits continue to climb

October 3, 2024

Of note, over the last two years in the wake of a broader economic downturn brought on by higher interest rates in key export markets and the near-collapse of Vietnam’s real estate market, everyday Vietnamese have turned to saving rather than spending their excess income. This is problematic in that local consumption has been an important growth driver over the last decade or so. Retail sales, month on month, however,  have been more or less stagnant since the beginning of the year. This latest data from the SBV suggests this could last a while longer…

Read More »

Vietnam to self-fund high-speed rail, avoid ‘strings attached’ foreign loans

October 3, 2024

Notably, debt-diplomacy has become common in recent years particularly in developing nations and given Vietnam’s precarious position in the world in terms of geopolitics, a reluctance to be indebted to external creditors is understandable. That said, this is a huge and very expensive project that really needs to be done right and Vietnam has no existing high-speed rail and therefore no experience installing and using the technology to speak of.

Read More »

PetroVietnam Gas Corporation: Vietnam Stock Overview

October 3, 2024

Amid declining domestic natural gas production, imported LNG is slated to play a crucial role as a long-term alternative energy source. Currently, GAS is the first and only enterprise in Vietnam authorized to officially distribute LNG. GAS is involved in several key LNG projects, including the Thi Vai and Son MY LNG port warehouse and the Block B – O Mon gas pipeline projects…

Read More »

Vietnam gold ring prices reach all-time highs despite C.bank intervention

October 2, 2024

The gold price in Vietnam is more often than not much higher than it is in the rest of the world. In fact, in 2023, at its peak, the price of a gold bar in Vietnam was around 20 percent higher owing to a number of factors including huge demand and limited supply, the latter due to regulations that restrict gold imports and exports and gold bar production.

Read More »

VietinBank: Vietnam Stock Overview

October 2, 2024

Non-interest income fell by 12.6 percent to US$333.2 million, driven by a drop in bancassurance operations, in line with a broader decline in bancassurance revenue following negative publicity in 2023. In addition, securities trading revenue decreased 72.6 percent in contrast to the VN Index which increased by 10.2 percent and other financial institutions like MB Bank which had an eightfold increase in securities revenue year-over-year…

Read More »
your listing
your details

Starting a Business in Vietnam Checklist 

To download enter your email address below

advertising enquiry

submit a press release

Note that it will be marked as a press release/sponsored post.

guest post

We publish guest posts of 800 to 1000 words from experts who have something unique to say on topics relevant to our audience. 

get connected with an expert

letters to the editor

We review letters for quality and authority and generally only publish views that add to the discussion from experts in their field.