Many local banks have released impressive business results, with many of them being confident that their pretax profits would exceed their targets for 2019.

It is a rare combination where Vietnamese banks are growing fast and are quite profitable, said an expert at JP Morgan.

The State Bank of Vietnam (SBV) has warned commercial banks of the risks associated with accepting land-use rights certificates as collateral for loans.

Commercial banks are attempting to sell off a host of mortgaged assets, including real estate and cars, to speed up the settlement of huge bad debt.

National Assembly deputies have called on the State Audit of Vietnam (SAV) to inspect three debt-laden banks that were earlier taken over by the State Bank of Vietnam, according to NA Secretary Nguyen Hanh Phuc.

A number of local commercial banks, including major players, have reduced and even eliminated service fees to attract more service users and depositors.

Shares of four Vietnamese banks may rise 14-68 percent in 12 months, according to JP Morgan’s Asia Pacific Equity Research.

Deputy CEO of VietinBank Tran Cong Quynh Lan believes that AI is important for banks, but how to apply it remains a difficult question.

A number of banks are introducing smart technology to tighten security and make customer transactions safer.

The State Audit of Vietnam (SAV) has uncovered several violations in the execution of build-transfer (BT) and build-operate-transfer (BOT) projects as well as at local banks.

 Banks and insurance companies are ramping up co-operation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.

VietNamNet Bridge - Commercial banks only have one month to implement business plans set earlier this year and raise charter capital to meet international standards.

 VietNamNet Bridge – In the third quarter of this year Techcombank decided to pay stock dividends for 2017 to its shareholders at a ratio of two shares for each share held.

 The Vietnam Computer Emergency Response Team (VNCERT) on July 23 advised banks and critical national infrastructure organisations to promptly take preventive measures to detect and prevent cyber attacks.

 Vietnamese shares advanced on Monday morning, driven by banks and energy companies.

 VietNamNet Bridge – In June 2017 the Viet Nam National textile and Garment Group (Vinatex) listed on UPCoM under the ticker VGT at VND13,500.

Since Vietnam Asset Management Company seized Sai Gon One Tower using the authority conferred on it by Resolution 42 on settling bad debts, several banks have followed suit and offered mortgaged assets for sale 

While some analysts note that a number of foreign banks have withdrawn capital from Vietnam banks, others see signs of a third investment wave from foreign investors.

VietNamNet Bridge - Vietnam is an attractive fintech market with estimated value of $35 billion. However, it has lagged behind in the last 10 years.

 Banks across the world have paid about $321 billion in fines since the 2007-2008 financial crisis as regulators stepped up scrutiny,