{"id":951,"date":"2024-03-20T07:33:55","date_gmt":"2024-03-20T07:33:55","guid":{"rendered":"http:\/\/3.108.192.59\/?p=951"},"modified":"2024-03-20T07:33:57","modified_gmt":"2024-03-20T07:33:57","slug":"vietnam-reports-fastest-ever-growth-in-banking","status":"publish","type":"post","link":"https:\/\/vietnam.worldfis.com\/vi\/vietnam-reports-fastest-ever-growth-in-banking\/","title":{"rendered":"Vietnam reports fastest-ever growth in Banking"},"content":{"rendered":"<p><strong>Hanoi, 12 February 2024:<\/strong> Hitting a record $562.5 trillion in deposits from individuals and businesses by the end of last year, Vietnam banking industry is at an all-time high. While the above demonstrates the most noticeable shift in consumer confidence, the sector is also witnessing increased activity in mergers and acquisitions (M&amp;As).<\/p>\n\n\n\n<p>Between 2019 to 2023, Vietnamese banks reported a significant spike in high-value M&amp;A deals. One that grabbed eyeballs was a $1.5 billion investment in Vietnam Prosperity Joint-Stock Commercial Bank (VP Bank) by Japan\u2019s second-largest bank, Sumitomo Mitsui Banking Corporation.<\/p>\n\n\n\n<p>While these deals are just a small fraction of the bigger equation, the industry is being propelled by soaring demands for capital among domestic banks, a booming consumer market and a pressing need for product diversification.<\/p>\n\n\n\n<p>Know more: <a href=\"http:\/\/3.108.192.59\/\" target=\"_blank\">http:\/\/3.108.192.59\/<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Hanoi, 12 February 2024: Hitting a record $562.5 trillion in deposits from individuals and businesses by the end of last year, Vietnam banking industry is at an all-time high. While the above demonstrates the most noticeable shift in consumer confidence, the sector is also witnessing increased activity in mergers and acquisitions (M&amp;As). Between 2019 to [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-951","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/posts\/951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/comments?post=951"}],"version-history":[{"count":1,"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/posts\/951\/revisions"}],"predecessor-version":[{"id":952,"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/posts\/951\/revisions\/952"}],"wp:attachment":[{"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/media?parent=951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/categories?post=951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vietnam.worldfis.com\/vi\/wp-json\/wp\/v2\/tags?post=951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}