Vietnamese banks maintain trend to seek foreign investors in 2019
Vietnamese banks have maintained the trend to look for foreign investors in 2019 as the country's capital market still has not developed fully, Vian Financial News reported. They have been seeking investors mostly from Asia and in particular from countries such as South Korea, China and Japan.
The trend established in previous years is in line with Moody’s assessment that mobilising capital in the country, mostly from foreign investors, will be the focus in 2019. Also, the agency underlined that Vietnam's banks on the watchlist now had higher profitability thanks to a lower interest rate gap and credit costs.
Last year, Vietnam witnessed massive foreign capital flow into the banking sector and its banks have since successfully implemented plans to increase capital. The strong capital flow is expected to bring more jobs and revenue to the banking groups in the country, Vian Financial News noted.Original source: Vian Financial News