ADB pointed out that after years of sluggish growth, Viet Nam’s corporate bond market had blossomed. Issuances grew at a compound annual growth rate of 40 per cent between 2012 and 2019, and outstanding issuances amounted to around 11.5 per cent of Viet Nam’s GDP – the fourth-highest in ASEAN, and further gains were likely. … [Read more...] about Corporate bond market forecast to be robust this year
Chase bank stock market
Stock brokerages’ earnings jump as surging markets attract record investor numbers
The benchmark VN-Index rose 14 percent last year to end at 1,103.87 points. The markets had fallen sharply in March and July because of Covid-19 outbreaks, but bounced back quickly as the government managed to contain the spread and maintain economic growth. … [Read more...] about Stock brokerages’ earnings jump as surging markets attract record investor numbers
GBG: Six predictions for the financial services and fraud landscape in 2021
In 2021, the industry is already seeing FIs and fintechs race to deliver instantaneous services through new financial products, with GBG's latest research finding 31% of FIs in APAC planning to offer instant bank accounts and instant loans, 29% planning to offer instant credit cards, and 22% planning to offer user voice activated fund transfers and bill payments. To take CX to the next level, there is a probability that the financial services sector will explore replicating successes from other industries, such as retail businesses that have effectively used augmented reality (AR) and virtual reality (VR) technologies to re-create in-store experiences, which could be used by banks to create virtual in-branch experiences. … [Read more...] about GBG: Six predictions for the financial services and fraud landscape in 2021
P2P lending needs better management to avoid black credit
Also in 2020, the city police investigated apps led by Chinese citizens which lent to more than 60,000 people in 60 provinces and cities for a total of about VND100 billion (US$4.3 million). These applications, namely "Vaytocdo", "Moreloan" or "VD online", provided loans with "exorbitant" interest rates of 2.5 per cent per day, equivalent to 17.5 per cent per week, 75 per cent per month and 912.5 per cent per year. … [Read more...] about P2P lending needs better management to avoid black credit
Viet Nam’s economic growth can even surpass expectations in 2021: expert
A forecast is just a forecast, and there are many factors affecting it. So the result will rely on government policies, such as controlling COVID-19 or boosting new economic trends, and whether we have the capability to implement measures efficiently or not. I think that with what we have achieved in 2020, the economic growth can even surpass our expectations. — VNS … [Read more...] about Viet Nam’s economic growth can even surpass expectations in 2021: expert
