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Update news foreign bank
With great advantages being held by foreign banks, Vietnamese banks find it difficult to compete.
Large banks as well as smaller ones are seeking foreign investors in today's competitive market.
VietNamNet Bridge - Though foreign CEOs are commonly seen in privately run commercial banks, few banks where the state holds the controlling stake employ foreigners.
VietNamNet Bridge - The divestment of a number of foreign strategic investors from Vietnamese banks is a sign that foreign technology doesn’t always help.
Some large foreign banks operating in Vietnam have recently scaled down their business or withdrawn capital from Vietnamese banks. What is happening with the banking sector?
VietNamNet Bridge - About 70-80 percent of the profit made by foreign banks comes from services, while credit makes up 10-15 percent.
VietNamNet Bridge - Though Vietnamese banks are undergoing a compulsory restructuring process, foreign investors are showing interest in purchasing stakes in banks.