banking system

Update news banking system

For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.

Epidemic causes credit growth to slow significant in first two months

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.

BIS membership marks new stride in VN State Bank’s integration process

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

Vietnam’s banks to be very busy in 2020: analysts

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.

VN banks told to ensure data security

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

Banks announce impressive profits in first half of 2019

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

Vietnam's banks spend billions of VND on digitalization race

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

Bank rankings see big changes in 2018

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.

Bank share market expects changes in 2017

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.

Foreign investors can join bank restructuring process

 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.

Iron discipline helps banking system escape ‘life-and-death’ moment

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

Bad debt settlement process going slowly

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

Gov’t report: Over 450 SOEs rearranged

 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.

SSC mulls more room for foreign investors

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,

Health of banking system in decline

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

Moody’s raises Vietnam credit rating

 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.

BUSINESS IN BRIEF 29/10

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

Lack of borrowers hurts banking sector

 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,

Big banks to raise charter capital in positive move

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.

SBV reaffirms 3.63% NPL ratio, countering Moody's valuation

 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.