Switzerland supports Viet Nam in training bank executives

The State Bank of Viet Nam and the Embassy of Switzerland last week signed a bilateral agreement for the new Swiss Bank Executive Training programme (Swiss BET) to help build the capacity of Vietnamese bank executives.

Ambassador of Switzerland to Viet Nam Ivo Sieber signed the bilateral agreement for the new Swiss Bank Executive Training programme (Swiss BET) with the State Bank of Viet Nam. Photo courtesy of the Embassy of Switzerland

The State Bank of Viet Nam and the Embassy of Switzerland last week signed a bilateral agreement for the new Swiss Bank Executive Training programme (Swiss BET) to help build the capacity of Vietnamese bank executives.

The programme, which will run from 2022 to 2027, will provide support with a grant of five million Swiss francs (about VND125 billion or US$5.4 million).

The banking industry plays a central role in efforts to sustain the high rate of economic growth. As the sector is still prone to external instabilities, strengthening the banking sector to narrow the gaps with international standards is strategically important.

The Swiss BET programme offers the instruments required by the Vietnamese banking and financial industry to improve management practices in respective institutions. Building on the success of the previous programme phases, Swiss BET will be governed by a partnership of SBV and the State Secretariat for Economic Affairs (SECO).

The Swiss Finance Institute (SFI), the project-implementing agency, will provide expert training. The SFI will train more than 240 Vietnamese bank executives and hundreds of central bankers on the latest state-of-the-art banking management practices. — VNS

 

  • Share:

see also

Banks selling mortgaged assets to recover bad debts

Banks selling mortgaged assets to recover bad debts

Many banks are rushing to sell mortgaged assets to recover bad debts, as these types of debts are forecast to increase slightly this year.
Bank credit up 11.3% in HCM City in 2024

Bank credit up 11.3% in HCM City in 2024

HCM City credit institutions’ total loans outstanding as of the end of last year were worth over VNĐ3.9 quadrillion (US$153.3 billion), a 11.3 per cent increase for the year, according to the central bank.
Home loan interest rates to inch up in 2025

Home loan interest rates to inch up in 2025

However, the home loan interest rates will be still lower than that before the COVID-19 pandemic, analysts say.
Interbank transfers to be suspended during holiday

Interbank transfers to be suspended during holiday

Internal transfers will operate normally.
Private lender appeals ruling on 1.8 million reimbursement

Private lender appeals ruling on $1.8 million reimbursement

A private lender is appealing a court decision requiring it to reimburse a client for nearly VNĐ47 billion (US$1.83 million) in unauthorised withdrawals from her account.