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“Bank Dividend Policies: Striking a Balance Between Shareholder Rewards and Fortifying Financial Position?”
"To cash dividend or to retain earnings, that is the question on the minds of bank executives as they gear up for the 2025 annual general meetings. With a volatile macroeconomic climate, striking a balance between keeping shareholders happy and fortifying the financial foundation of the bank is a delicate matter."
The Battle for Private Banking Supremacy in Vietnam
According to the Knight Frank Wealth Report 2024, Vietnam is home to approximately 5,459 individuals with liquid assets exceeding $10 million, accounting for 0.2% of the global high-net-worth individual (HNWI) population and ranking sixth in Southeast Asia. The Asia-Pacific region, hailed as the "Asian Century," has witnessed robust economic growth, leading to a rapid increase in the number of HNWIs and ultra-high-net-worth individuals (UHNWI). Knight Frank predicts a 26% rise in Vietnam's ultra-rich population (those with assets over $30 million) by 2026, reaching approximately 1,551 individuals, while the millionaire cohort is expected to grow from 72,135 to 114,807. Additionally, McKinsey estimates that Vietnam's personal financial assets will reach around $600 billion by 2027, exhibiting a 15% annual growth rate between 2011 and 2021, double the regional average, underscoring the surging demand for comprehensive wealth management services.
“SCB Bank Restructuring Enters a Crucial Phase”
The State Bank is refining the restructuring plan for SCB and will submit it to the appropriate authorities for approval.
