Banking and financial market attracts foreign investors

Two digit growth, profits, redundant idle money in the domestic market and a limited competitive environment has made Vietnam’s banking market attractive to foreign investors, said Bradle C.Lalonde, managing director of a US financial consultancy company, who has a great deal of experience in Vietnam’s banking sector.

Banking sector boosts links to improve financial services

The Vietnam Banking Association (VNBA) recently set up three centres to co-ordinate joint actions in providing credit card services.

VNBA Members Promote Co-operation

In the first half of 2005, despite fierce competition in mobilising capital in the financial and monetary market, credit organisations, and members of the Vietnam Banking Association (VNBA) made great efforts to mobilise capital and provide loans, meeting the demand of the economy. So said Nguyen Trong Nghia, general secretary of VNBA at the second annual meeting of the General Assembly of VNBA, which was recently held in Hanoi.