Without regulations allowing them to seize collateral under Resolution 42, banks may be afraid to grant credit, affecting the ability to access loans of firms and individuals.
Fees for SMS banking services are currently three times higher than standard text charges. Banks are encouraging customers to shift to using digital banking services to help reduce cost while keeping bank fees low for customers. Dr. Nguyen Quoc Hung,...
While textiles is one of the key industries in Viet Nam with high export revenue, it is also among industries that pose a high environmental and social risk, according to Nguyen Quoc Hung, general secretary of Viet Nam Bankers Association.
The United Overseas Bank (UOB) has partnered with the Foreign Trade University (FTU) in Viet Nam to launch the finance industry’s first tertiary education programme designed for bankers that serve small businesses.
Viet Nam is thought to have huge potential for the growth of retail
banking, and this throws up both opportunities and challenges for local
banks, experts say.
Nearly 94 per cent of Vietnamese bankers expect an improved financial
performance, but bad debt levels remain a concern, says a study on the
banking sector.