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.

 VietNamNet Bridge – Over a month after the State Bank of Viet Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.

VietNamNet Bridge - A State Bank of Vietnam (SBV) report shows that total assets of joint stock banks have fallen by 0.47 percent, while the total assets of banks that were originally state-owned had increased by 2.49 percent by June 30, 2015.

 VietNamNet Bridge – New faces have appeared holding the key positions at state-owned banks and at banks in which the State holds a  controlling stake.

Except Vietinbank, other State-owned commercial banks are not allowed to sell more than 35% of the shares. The government has also permitted State-owned corporations to divest from non-core business fields below the face value.

VietNamNet Bridge – While state-owned commercial banks--the big fish, have been taking slow footsteps, joint-stock banks with many disadvantages in comparison to state-owned banks, have made big leaps to scramble for good clients.

 VietNamNet Bridge – GDP growth in Vietnam will rise modestly to 5.5% by 2015, with macroeconomic stability largely restored, according to the World Bank’s latest report.

VietNamNet Bridge – Cross ownerships among banks are still beyond control and complicate the process of tacking bad debts, said the Ministry of Planning and Investment (MPI) in a report sent to the Government’s monthly meeting three days ago.