Bankers rush to make outward investmentsVietNamNet Bridge - Vietnamese commercial banks have been taking cautious steps to exploit foreign markets in an effort to seek new business opportunities. This explains why Vietnamese commercial banks mostly target countries with lower development levels or markets with high population of Vietnamese. With the event, BIDV has become the first Vietnamese bank with a presence in Russia, which it targets as the key market.Vietnamese banks have reaped fruits from their overseas investments. Vietnamese commercial banks have been taking cautious steps to exploit foreign markets in an effort to seek new business opportunities. Meanwhile, the non-performing loans ratio was very low at 0.05 percent.An analyst commented that ASEAN countries were the target markets for most of the banks which have made outward investments.

Source: VietNamNet News August 07, 2016 03:00 UTC