The Southeast Asia Commercial Joint Stock Bank (SeABank) was officially recognized by the State Bank of Vietnam (SBV) to comply with Circular 41/2016/TT-NHNN dated 30 December 2016 in accordance with Basel II international standards. 

In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy.

 VietNamNet Bridge – The State Bank of Vietnam (SBV) plans to nationalize GPBank, and then possibly OceanBank if the bank is unable to handle its problems.

Nearly 7,000 businesses established in January; TISCO to get $63.2 million to expand production; State Bank calls for lending interest rates to be lowered; Vinamilk announces export plan; 41 Vietnamese firms join billion dollar club

 VietNamNet Bridge – The State Bank of Vietnam (SBV) has sold dollars to commercial banks in an effort to stabilize the dong/dollar exchange rate amid the year-end dollar demand increase.

Ten Vietnamese commercial banks, chosen by the State Bank of Vietnam, will be applying international bank management standards in accordance with Basel II governance standards.

 VietNamNet Bridge – LNT & Partners’ Hoang Nguyen Ha Quyen and Logan Leung take a look at the State Bank of Vietnam and Ministry of Finance’s new regulations outlined in Joint Circular 86/2014/TTLT-BTC-NHNNVN

 VietNamNet Bridge – Vietnam has not allowed banks to go bankrupt, leaving many virtually dead banks, or as some people call them, “zombies”.

VN exports face tough challenges; SBV approves new Construction Bank head; Pan Pacific stitches up tender for largest stake in Vinaseed; Footwear exports fetch more than $1.1b; Unsold sugar inventory reaches nearly 460,000 tonnes

 VietNamNet Bridge – The dollar price has been falling for one week, despite the State Bank of Vietnam’s move to devaluate the dong by one percent one month ago.

 VietNamNet Bridge – The State Bank of Viet Nam will work with the public security forces to seize operators of the Viet Nam real-time bitcoin exchange (VBTC) that was launched last Wednesday.

As the central bank has threatened to impose stiff fines or punishment on bank shareholders who have share proportions higher than the permitted levels, many bankers are believed to be selling parts of their shares to reduce ownership ratios.

 Sugar inventories up over 56,000 tonnes; Investors keen on Vinatex’s shares; State bank toughens stance on capital issues; Over 2.37 trillion VND for developing high-tech agriculture

 VietNamNet Bridge – Cash deposits and withdrawals at credit institutions will be charged a fee if the central bank's new draft rule on cash transactions gets approved.

 VietNamNet Bridge – Cross-ownership, long considered a serious threat to the banking system, is on the wane, according to Dao Minh Tu, Deputy Governor of the State Bank of Vietnam. Some economists, however, disagree.

VietNamNet Bridge – The State Bank has decided to stop printing more small bills, which play an important role in Buddhist worshipping practice but end up costing billions of dong to produce. 

 VietNamNet Bridge – Industry experts welcomed the government’s Decree 01/2014/ND-CP which relaxes the bank ownership cap rules for foreign investors.

 VietNamNet Bridge – If the State Bank of Vietnam had not made the timely intervention, the dollar prices would have tumbled more dramatically in recent days.

The Ministry of Construction and the State Bank both have loosened the requirements on the borrowers of the VND30 trillion package in an effort to speed up the disbursement. However, the power is in the hands of commercial banks.