“In the coming time, the SBV will continue to encourage the promotion of consumer loans, but the amount of growth will depend on the absorption capacity of the economy. Currently, the demand for consumer loans is feeble in the context of unstable jobs and declining income resulting from the pandemic,” said Hung. “However, banks and consumer finance companies cannot churn out loans inconsiderately for fear of incurring bad debts.” … [Read more...] about Banks bet on consumer credit growth
Consumers
Predicted consumer resets to shape Vietnam FMCG market: Nielsen
Another consumer shift that Nielsen predicts will reshape FMCG markets is the evolving routines of consumers at home. ‘Do-it-yourself’ (DIY) behaviors and demand for in-home branded experiences have persisted even beyond living restrictions and store re-openings in many Southeast Asian markets. … [Read more...] about Predicted consumer resets to shape Vietnam FMCG market: Nielsen
City’s economy may grow faster in fourth quarter: Chairman
Electronic product and component sector saw the high growth rate of 18 percent thanks to stable consumer market while chemical-rubber-plastics rose by 9 percent and the food, beverage processing sector hiked by 1.5 percent whereas the mechanical sector was down 10.5 percent because their foreign partners have been affected by Covid-19, so they stopped orders. … [Read more...] about City’s economy may grow faster in fourth quarter: Chairman
HDBank first-half business results showing growth exceeding expectations
HDBank has become the only bank in Vietnam to be appraised by HR Asia as one of The Best Places to Work for in Asia for three consecutive years. The international credit rating agency Moody's has recently affirmed HDBank’s Credit Ratings at B1, assessing that the bank has made steady progress in improving asset quality and capitalisation supported by high profitability and sustainability. … [Read more...] about HDBank first-half business results showing growth exceeding expectations
Fear and frustration: Europe’s wealthy keep wallets closed
Data scraped by analytics firm StyleSage from online clothing companies' websites including Zara ITX.MC, Asos ASOS.L, Mango, Net-A-Porter and New Look in August showed 6-10% more products on discount than last year at 2-4% lower prices, as retailers pre-empt a fall in purchasing power. … [Read more...] about Fear and frustration: Europe’s wealthy keep wallets closed
