Tag: Illegal money transfers

"Regarding the credit growth cap, or 'room', as Deputy Prime Minister Ho Duc Phoc stated, this tool remains a vital lever in the short term for managing the economy. Adjusting this credit room is essential in the current context. Well-performing banks should be given more room to extend credit and boost the economy with much-needed capital."

"The recent shift towards eliminating credit room requirements has presented an exciting opportunity for Vietnamese banks to revolutionize their operations. To seize this moment and accelerate their credit offerings, banks must fortify their capital foundations, especially amidst the challenges posed by low deposit interest rates in attracting deposits. Thus, the key to each bank's ability to sprint ahead in the coming period lies in establishing a robust capital structure."

From a technical standpoint, the near 490-point rally is likely over after an enormous volume surge failed to push prices higher, accompanied by volatile price action. This is a tell-tale sign of distribution in the market.