Guidebook for commercial banks launched

tohang

The "Vietnam Guidebook For Banks" by Anne Molyneux was launched at the central bank's headquarters today.

Anne Molyneux introduces her guidebook at the headquarters of the State Bank of Viet Nam on January 14. — VNS Photo Ngoc Duy

HA NOI (Biz Hub) — The "Vietnam Guidebook For Banks" by Anne Molyneux, an advisor on corporate governance, was launched at the central bank's headquarters today.

The book reflects global practices for the management and reporting of transactions in banking. The practices come from countries such as Singapore, Malaysia, Italy, Ireland, Hong Kong, Australia, United Kingdom and Canada.

State Bank of Viet Nam (SBV) chief inspector Nguyen Huu Nghia said in a news release today that it was time for commercial banks to strictly obey such global routines, as certain mercenary transactions among related parties had weakened the domestic banking sector.

The book was sponsored by the SBV, the International Finance Corporation, Dutch development bank FMO, and Viet Nam-focused financial institution Dragon Capital. — VNS

  • Share:

see also

Innovative banking drives CASA recovery to 20 per cent threshold

Innovative banking drives CASA recovery to 20 per cent threshold

In 2024, the Current Account Savings Account ratio in Việt Nam’s banking sector rebounded from its lowest point and stabilised at around 20 per cent.
Vietcombank named most valuable brand in Việt Nam

Vietcombank named most valuable brand in Việt Nam

Vietcombank has become the most valuable brand in Việt Nam in 2024, according to a recently released report of Forbes Việt Nam.
Ocean Bank officially renamed Modern Bank of Vietnam Limited (MBV)

Ocean Bank officially renamed Modern Bank of Vietnam Limited (MBV)

The Ocean Commercial One Member Limited Liability Bank (Ocean Bank) has officially rebranded as Modern Bank of Vietnam Limited (MBV) as of December 18, 2024.
Vietnamese banks at turning point in 2025: summit

Vietnamese banks at turning point in 2025: summit

The summit drew nearly 200 experts, banking leaders, and representatives from financial and technology organisations across ASEAN, alongside hundreds of staff from major industry enterprises.
Lending interest rates this year reduced by 0.44 pp compared to 2023

Lending interest rates this year reduced by 0.44 pp compared to 2023

According to SBV’s Governor Nguyễn Thị Hồng, credit growth has d strong momentum for the economy to recover and develop as it continues to face challenges.