In April, many big names in the sector announced changes to their Boards of Directors.

Many commercial banks have announced changes of their key personnel this year, especially after shareholders’ meetings.

The divestment of PGBank from Petrolimex is coming to an end. The secret buyer will be made public soon.

No longer hot on the stock market, yet banking sector remains one of the priorities of foreign investors, with foreign ownership rate in many banks reaching the cap of 30% as regulated.

The Southeast Asia Commercial Joint Stock Bank (SeABank) said on April 3 that the Asian Development Bank has doubled the trade finance limit to $60 million, and increased the $5-million limit of the revolving loan for the bank to $10 million.

Foreign investors’ continuous investment in Vietnam has shown their optimistic about the country’s economic outlook, despite the difficult situation of the global banking sector.

Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons.

VGP - Moody's Investors Service, a leading provider of credit ratings, research, and risk analysis, has raised ratings of eight Vietnamese banks.

BIDV, VietinBank and Vietcombank, the three banks out of the ‘big four’, are leading in capital mobilization and lending, according to the State Bank of Vietnam (SBV).

With a dim outlook for the banking industry, most securities firms expect conservative profit growth for banks in 2023.

Bank stocks continue to lag despite lenders posting positive profit growth.

Despite bullish business results in the first nine months of the year, many commercial banks in Vietnam are facing a risk of rising bad debts.

Among some 20 commercial banks in the country, 18 have completed requirements for Basel II, a set of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.

Besides Basel II, many banks have also applied Basel III and IFRS 9. These international standards help banks improve risk management compared with peers.

The State Bank of Vietnam (SBV) decided to appoint Mr. Vu Anh Duc as Chairman of the Board of Saigon Joint Stock Commercial Bank (SCB), starting on October 14, 2022.

Most banks expected better business results for the fourth quarter and the whole year.

The local banking sector will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement takes effect.

Moody's Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.

Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.