Credit growth of the banking system in the first two months of this year reached only 0.06 percent, slowing significantly against the 1 percent rate in the same period last year, due to impacts of the COVID-19 epidemic.

The State Bank of Vietnam (SBV) was recently invited to become a member of the Bank for International Settlements (BIS).

The banks will have to complete the transitional period to meet Basel II standards and begin the race for Basel III, and will also have to list shares and compete fiercely in the digital transformation process.

Digital transformation is the path that all commercial banks are following, and as such, one of their major concerns is information security.

Domestic banks have unveiled positive business performance results in the first half of this year, with some new records being set.

Commercial banks now are pouring money into digitalization in order to satisfy clients’ requirements amid financial technology breakthroughs.

VietinBank, a state-owned bank, is no longer one of the top 5 profitable banks, while a private bank has for the first time been added to the top 3.

The reported satisfactory business results in 2016, plus positive media comments about banks’ operations, have caused investors to feel optimistic about the prospects of the sector in 2017.

 VietNamNet Bridge – Governor Le Minh Hung of the State Bank of Vietnam (SBV) has called for foreign investors to participate in the restructuring of the banking system.

VietNamNet Bridge - With new policies and ‘iron discipline’, the State Bank and Governor Nguyen Van Binh has led the banking system to sustainable growth.

VietNamNet Bridge - VCB Securities believes that the bad-debt ratio of the national economy may be as high as 11.02 percent.

 VietNamNet Bridge – The Government has rearranged 464 State owned enterprises, including 404 equitized over the past years, Deputy PM Nguyen Xuan Phuc told legislators on Monday.

VietNamNet Bridge – The State Securities Commission (SSC) is revising Decree 58/2012 guiding the Securities Law to increase the foreign ownership limit at listed enterprises,

 VietNamNet Bridge – The health of the local banking system is falling, which is evident in its capital adequacy ratio (CAR) drop.

 VietNamNet Bridge – Moody’s Investors Service has raised its outlook on Vietnam’s banking system to stable from a negative assessment, noting improvements in economic stability and operating environment for lenders.

PVcomBank, PVGas sign co-operation pact; Vietnam violates key economic principles, says minister; State Bank to continue restructuring banking system; Public debt disadvantages new airport project, Transport Minister

 VietNamNet Bridge – The banking system is plagued by low credit growth, huge liquidity but firms unable to borrow, and difficulty in selling mortgaged assets to liquidate bad loans,

VietNamNet Bridge – While some small commercial banks failed to raise their charter capital last year, some major lenders have already approved adding millions of US dollars to their charter capital this year.

 VietNamNet Bridge – The State Bank of Viet Nam (SBV), countering Moody's valuation this week, reaffirmed (Feb 21) that the bad debt ratio of the banking system was 3.63 per cent last December.