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Banks fail to meet credit targets

Published on October 23, 2012 by in BANKING

HA NOI (VNS)— The goal set for credit growth this year was proving hard to reach and banks should shift focus to credit quality, said Pham Hong Hai, managing director, head of Global Banking and Markets HSBC Bank Viet Nam. Accelerating credit quality was critical for banks to develop, Hai said. He told Thoi Bao

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Foreign investors keep wait-and-see attitude

Published on October 23, 2012 by in VIETNAM

HCMC – A well-known foreign fund manager asserted on Thursday that foreign investors were not investing in Vietnam’s equity market now and would maintain a wait-and-see attitude until the macro economy stabilized next year as expected. Don Lam, chief executive officer of VinaCapital, said at the foreign fund manager’s annual meeting in HCMC on Thursday

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