Credit institutions told to enhance lending supervision
(Aug 29, 2016)
The State Bank of Viet Nam has directed its supervisors and
credit institutions to enhance control on lending to borrowers with
large outstanding loans.
Singapore's sovereign wealth fund GIC is set to acquire a 7.73 per cent stake on a fully enlarged basis in Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietcombank announced today.
Vietcombank expects to invest about VND2 trillion (US$89.5 million) to
VND3 trillion in urban bonds issued by HCM City, the bank's chairman,
Nghiem Xuan Thanh, said on August 22.
The State Bank of Viet Nam has warned people using online banking services to be vigilant since many frauds have occurred recently.
Banking experts shared their experiences in applying the Basel II
capital adequacy guidelines at an IFC -hosted workshop today in Ha Noi on August 18.
IFC has approved a US$125-million finance package to the Vietnam Prosperity Joint Stock Commercial Bank (VPBank).
The State Bank of Viet Nam expects to submit to Prime Minister Nguyen Xuan Phuc a project to restructure credit institutions between 2016 and 2020 in the third quarter of this year.
The Joint Stock Commercial Bank for Foreign Trade of Viet Nam
(Vietcombank) on August 16 announced on its official website changes to
activation methods of smart OTP services.
The Government has approved an e-commerce development plan for 2016-20
that targets 50 per cent of consumers switching from cash to other forms
Supporting businesses is among the focal tasks of the banking system
till 2020, Deputy Governor of the State Bank of Viet Nam (SBV) Dao Minh
Tu has said.
The Viet Nam Asset Management Company (VAMC) could meet a target to
recover VND30 trillion (US$1.339 billion) of bad debts this year, VAMC
Deputy General Director Nguyen Van Thang said.