Banks optimistic about growth rate this year

ABO/VNA - This was revealed by Vietnam Report on June 27 in its announcement of the top 10 prestigious commercial banks in Vietnam in 2018.

Many banks in its survey last month planned positive profits in their shareholders’ meeting. Some even expected a growth rate of 40-65 percent.

In 2017 and the first half of 2018, the banking sector witnessed strong and stable progress, focusing on restructuring.

The management policies of State Bank of Vietnam(SBV) achieved some success. The central bank absorbed quite a lot of foreign currency, thus increasing foreign reserves, controlling inflation, stabilising foreign exchange rate and ensuring payment balance surplus

(Source: VNA)