Banking & Finance
Domestic investors withdrew $588mln from stock market last year
Move attributed to bank interest rates growing in appeal.
Banking & Finance
Over $10.8bln in corporate bonds issued in 2022
Banking sector led in issuing bonds of over VND136.7 trillion ($5.74 billion) last year.
Banking & Finance
2022 personal income tax revenue hits $7bln
Figure exceeds annual target by 38 per cent.
2023 credit growth set at 14-15%
Central bank sets seven key tasks for the banking sector this year.
Ministry proposes extension to land fee reductions
Land fee reductions totaled VND3.5 trillion ($149.33 million) last year.
Credit demand predicted to grow in all sectors
Manufacturing and processing tipped to see the highest credit demand in 2023.
87% of credit institutions enjoy positive growth in 2022
Credit policy, interest rates, and exchange rates of the central bank were the most important factors in 2022.
Government prioritizes handling weak credit institutions
Resolution on socio-economic development plan gives priority to macro-economic stability and inflation control.
State Capital Investment Corporation earns $456mln in revenue
2022 revenue 35 per cent higher than annual target.