This week, the global gold price surged by VND 4.4 million per tael, recovering most of the loss from the previous two weeks' decline of over VND 5 million per tael.
The retail banking sector is rapidly taking on FMCG-like characteristics. This is a notable trend, driven by the increasingly fierce competition fueled by digital technology.
In Q3, most banks witnessed a decline in their CASA ratios. CASA accounts seem to be mere "pit stops" for funds before they are directed towards more "serious" business operations.