Banking & Finance

Ho Chi Minh City must address its shortcomings and build upon its existing strengths if it hopes to become a prosperous international financial center.

Credit concentrated on production, business, trade, services, tourism and export-import activities.

Export activities accounting for the largest share.

Asia Commercial Bank sets its sights on VND23,000 billion ($920 million) in pre-tax profit and 16 per cent credit growth for 2025, as it begins a new five-year strategy focused on sustainable expansion, digital investment, and consistent shareholder payouts.

The reciprocal trade agreement would include agreements on tariffs, according to US Trade Representative Jamieson Greer.

The fresh capital injection of VND2 trillion ($80 million) comes as UOB Vietnam also unveils plans for its new headquarters building in Ho Chi Minh City.