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banking sector

Banking sector to lead national digital transformation: PM

Banking sector to lead national digital transformation: PM

After three years of implementation, digital banking has yielded promising results, contributing significantly to the establishment of a digital government, digital economy, and digital society.
Digital transformation events for banking sector slated for May

Digital transformation events for banking sector slated for May

This initiative aligns with the goals of the National Digital Transformation Programme until 2025, with a vision to 2030, aiming to propel Vietnam towards a digital economy and society.
Viet Nams banking sector liquidity crunch eases

Viet Nam’s banking sector liquidity crunch eases

Liquidity and interest rates in the banking system have eased in recent weeks, although loan growth remains relatively subdued and was at a decade-low in April 2023.
Banking sector must aid businesses for faster economic recovery: PM

Banking sector must aid businesses for faster economic recovery: PM

The Prime Minister said economic development had experienced some setbacks, with a recorded growth lower than last year. To adapt and, more importantly, to move the economy in the right direction, additional support for businesses and citizens must be a...
Liquidity risk remains low in banking sector

Liquidity risk remains low in banking sector

Liquidity risk among Viet Nam''s commercial banks remained low as major efforts have taken place in recent decades to bolster the banking sector''s resilience, according to experts.
Banking sector needs improved legal framework to speed up digital transformation

Banking sector needs improved legal framework to speed up digital transformation

Banks and financial intermediaries were facing a number of difficulties and even legal risks due to the shortage of legal framework about e-transactions in the context that the demand for e-transactions was increasing strongly across all sectors in recent years.
Banks speeds up digital transformation

Banks speeds up digital transformation

Tran Nhat Minh, deputy CEO cum head of Banking Technology Services at VIB said that the bank has chosen a pioneering digitisation strategy and focused its resources on technology development very early.
Banking sector can be pioneer in digital transformation: PM

Banking sector can be pioneer in digital transformation: PM

Prime Minister Pham Minh Chinh stated that the banking sector had all the factors to be pioneering and in fact, it was at the forefront of the digital transformation process.
Banking sector optimistic despite ongoing conflict in Europe

Banking sector optimistic despite ongoing conflict in Europe

The conflict almost certainly will drive global oil prices up, disrupt the global supply chain and inflationary pressures. As a result, firms will likely be more hesitant to make investments, consumers cut back on spending and lower demand for credit. 
Viet Nams banking sector named among fastest growing in the world

Viet Nam’s banking sector named among fastest growing in the world

With an overall brand value growth of 49 per cent, Viet Nam’s banking sector is one of the fastest growing in the world, according to Brand Finance’s latest report on the most valuable and strongest banking brands globally.
PM underlines banking sectors role in maintaining macro-economic stability

PM underlines banking sector's role in maintaining macro-economic stability

The banking sector plays the key role in maintaining the macro-economic stability and other major balances of the economy, stated Prime Minister Pham Minh Chinh at a New Year meeting with leaders and staff of the State Bank of Vietnam...
Banking industry forecasts large-scale recruitment demand

Banking industry forecasts large-scale recruitment demand

The Vietnamese banking industry will have large-scale recruitment demand this year, recruitment service provider Navigos Group has forecast.
SBV focuses on improving credit quality

SBV focuses on improving credit quality

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has issued Directive No.01/CT-NHNN on organising the implementation of the key tasks of the banking sector, with a focus on improving credit quality and tightly controlling loans to potentially...
Banking profit: positive but unsustainable at present

Banking profit: positive but unsustainable at present

Vietnam News Agency talked to Dr. Nguyen Quoc Hung, general secretary of the Viet Nam Banks Association, about the prospects of the banking sector in 2022.
A well-functioning NPL market key to a healthy banking sector

A well-functioning NPL market key to a healthy banking sector

Improving the non-performing loan (NPL) resolution framework is a high priority for the banking sector to ensure efficient and effective bad debt resolution, as forecasters predict bad debts will rise post-pandemic.