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banking industry ;

Majority of banks apply ESG practices in operations

Majority of banks apply ESG practices in operations

Thị Thanh Tùng, Deputy Director of the SBV’s Department of Credit for Economic Sectors, said nearly 50 per cent of banks have established a risk management division for environment protection lending.
Banking industry forecasts better prospects in 2024

Banking industry forecasts better prospects in 2024

The banking industry has experienced a difficult period in 2023 due to global and domestic headwinds. However, the industry outlook is forecast to be more positive next year when credit growth improves. Việt Nam News reporter Thu Hà talked with...
Big data essential to ensure continuous operations of the banking industry

Big data essential to ensure continuous operations of the banking industry

The Smart Banking Summit 2023 is organised by the Việt Nam Banks Association (VNBA) in collaboration with IEC Group, under the professional sponsorship of the State Bank of Việt Nam (SBV), in Hà Nội on Friday.
Profit growth of banking industry forecast to slow in 2023

Profit growth of banking industry forecast to slow in 2023

Vietnam Foreign Trade Bank’s Securities Joint Stock Company (VCBS) forecast the industry''s pre-tax profit in 2023 will grow by only about 10 per cent, much lower than the rate of nearly 35 per cent last year.
Banks senior management see major changes

Banks' senior management see major changes

In April, many big names in the sector announced changes to their Boards of Directors.
Banks tend to be cautious about growth plans in 2023

Banks tend to be cautious about growth plans in 2023

Banks are cautious about growth for 2023 when preparing business plans to submit to their annual general meetings of shareholders (AGM) this month.
Banking industry difficulties forecast to continue in 2023: analysts

Banking industry difficulties forecast to continue in 2023: analysts

Under a report released recently, Viet Dragon Securities Company (VDSC)’s analysts said the interest income growth of the banking industry in 2023 will slow due to the impact of low credit growth and a decreasing net interest margin (NIM).
Tough year expected for banks in 2023

Tough year expected for banks in 2023

With a dim outlook for the banking industry, most securities firms expect conservative profit growth for banks in 2023.
Improved forex market helps central bank buy greenback

Improved forex market helps central bank buy greenback

At a press conference to implement works of the banking industry in 2023 held on Tuesday, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said the devaluation rate of the đồng was lower than that of...
Restructuring to boost MA in banking industry

Restructuring to boost M&A in banking industry

Weak banks that are restructuring will be the target of mergers and acquisitions (M&A) deals in the near future as the Government is strongly promoting the restructuring of the country’s finance and banking industry.
MA in banking industry expected to stay high in H2

M&A in banking industry expected to stay high in H2

Mergers and acquisitions (M&A) in the banking industry are expected to remain high for the rest of the year as the industry continues the digital transformation process, according to experts.
Banking shares plummet to attractive prices

Banking shares plummet to attractive prices

The banking industry may have a hard time reaching its 2022 profit growth targets, but share valuation have ped significantly to attractive prices.
Regulatory sandbox for P2P lending needs strict requirements

Regulatory sandbox for P2P lending needs strict requirements

According to the central bank, the rapid development of fintech has posed many challenges to financial authorities in managing, supervising, ensuring security and safeguarding interests of consumers and investors.
Banking industry directed to support economic recovery

Banking industry directed to support economic recovery

The whole banking industry must implement effective monetary and credit policies to contribute to developing production and business and support the recovery of the economy.
VN banking industrys valuation higher than regional peers

VN banking industry’s valuation higher than regional peers

The valuation of the Vietnamese banking industry is relatively high compared to other regional countries, according to Military Bank Securities Company (MBS).