vietnamese banks

Update news vietnamese banks

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

Banks post uplifting results despite underlying risks

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.

Liquidity risk remains low in banking sector

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.

Which banks lead international risk management standards?

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

VN Central Bank appoints new chairman of SCB

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.

Nearly 90% of banks expect profit in 2022

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

Banks race to implement digital transformation ecosystem

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 upgrades ratings of 12 Vietnamese banks

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

Banks to soon complete Basel III international standards

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.

Weaker banks on radar of major lenders

The prospect for bank mergers and acquisitions in Vietnam is accelerating, notably the purchase of struggling credit institutions for the sake of reorganisation.

Banks start capital hike race in 2022

The charter capital increase of the banking industry this year is starting to heat up with many banks simultaneously implementing related plans.

Central bank inspectorate probes several banks holding corporate bonds

The State Bank of Vietnam has been conducting inspections into seven banks that have invested in corporate bonds following the Prime Minister’s instruction ordering relevant authorities to tighten legal compliance in the stock and bond markets.

Vietnamese banks expected to get better credit ratings

Ratings of Vietnamese banks are expected to be continually improved thanks to Vietnam’s positive sovereign credit rating.

Military bank to admit bank under compulsory transfer program

The shareholders’ meeting of Military Bank held on April 25 approved a plan on admitting one credit institution under a compulsory transfer mode.

Local bank raises 260 million USD in international syndicated loans

VIB has raised 260 million USD in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.

Great ambition to build digital banks in Vietnam

By 2025, Vietnam will have a generation of "digital customers". This generation has higher expectations about digital financial products and services.

Banking sector optimistic despite ongoing conflict in Europe

It's too early to tell how the ongoing Russia-Ukraine conflict will affect Vietnam's banking sector, said industry experts.

VN banks struggle to sell mortgaged land to collect money for debts

Many banks are rushing to sell land and other assets used as collateral for loans to collect debts, including properties worth trillions of dong.

Experts suggest banks not be involved in economic recovery packages to avoid bad debts

Though businesses need the Government’s economic recovery packages to rebound from the pandemic, the Government should consider limiting the participation of commercial banks in the packages to help them avoid bad debt risks, experts suggest.

Bonds circulating within banks

When several banks announced the issuance of thousands of billion dong to mobilize medium and long-term capital at high interest rates, a rush for buying bonds followed, which turned into a frenzy towards the end of 2021.