28.9 C
Ho Chi Minh City
Saturday, June 28, 2025

spot_img

TAG

banking sector

How digital banking is rewriting strategy

Job cuts, network downsizing – what is happening in the development strategy of commercial banks? What is driving this shift? Shrinking sooner than expected? By 2030, an estimated 11,000 bank branches—equivalent to 18% of the retail banking network in Southeast Asia—will be closed. Six markets are expected to downsize their branch networks: Singapore, Brunei, Malaysia, Thailand, Indonesia, and the Philippines. Meanwhile, Vietnam, Laos, Cambodia, and Myanmar are projected to see a modest expansion due to their still-low branch density per 100,000 people and rising demand for financial inclusion. These projections come from a report released four years ago by consulting firm Roland Berger. However, given the recent wave of branch closures by several banks, is the trend of network contraction unfolding earlier than anticipated in Vietnam? Take VietinBank for example. This is the third-largest bank by transaction points in the system. On May 21, 2025, the bank announced it would close two transaction offices in Hanoi effective June 9, 2025. This brings the total number of offices shut down to 12 from early May to May 26 this year. Previously, on March 31 and April 1, the bank already closed 25 offices. Similarly, Sacombank, after reducing six transaction offices in […]
To read more, please click here.

Banking’s new deal with SMEs

Resolution 68/NQ-TW recently issued by the Politburo to boost private sector development is expected to stimulate economic growth and further strengthen the private sector...

Forex pressure mounts

The tariff shock and excess liquidity are exerting pressure on the exchange rate between the Vietnam dong and the U.S. dollar in the short...

Banks step up infrastructure lending?

This year’s economic growth is under threat from rising tariff barriers, which are expected to significantly hinder credit expansion within the banking sector. In...

Bad debt seen dropping in Q2

HCMC – Vietnamese banks expect non-performing loans (NPLs) to fall and interest rates to remain stable in the second quarter of the year. A survey...

Net interest margins shrink

As banks lower lending rates to support economic growth, they will have a tough time managing capital mobilization costs to stabilize their net interest...

Tight real estate credit

That the three real estate-related laws began taking effect on August 1, 2024 is expected to give a much-needed boost to the real estate...

Banks rush to issue bonds

April 2024 saw banks issuing VND7,800 billion of bonds via private placement, accounting for over 71% of the total value of debt issued by...

Latest news

spot_img