It is estimated that the four largest state-owned banks in Vietnam (Big 4) will have to increase billions of USD to meet the need for capital to maintain the capital adequacy ratio (CAR) at 10%.
Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
Commercial banks are seeking more workers even though the economy has been hit hard by the pandemic. Recruitment notices say banks need both officers and medium- and high-ranking managers.
The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.
The Finance Ministry of Thailand will need $3.28 billion to sponsor the sustainable development strategy for the rural economic area with around 30 million low-income households nationwide.