The State Bank of Vietnam (SBV) completed the compulsory transfer of four vulnerable banks, CB, Oceanbank, DongA Bank and GPBank to Vietcombank, MB, HDBank, and VPBank, respectively.
The provinces in Region 4 are important geographical locations, with Lào Cai and Hà Giang bordering with China to the North, and Vĩnh Phúc and Phú Thọ bordering with Hà Nội to the South.
To gain the Government’s target of 8 per cent GDP growth this year, the SBV sets a higher credit growth this year at 16 per cent, against 15 per cent last year. It means VNĐ2.5 quadrillion (US$78 billion) will be injected into the...
Under the Law on Credit Institutions, which took effect from July 2024, over the next five years, credit caps for a customer will decrease by one per cent every year and two per cent for a customer and his/her related parties.
Experts forecast that this year, banks will race to increase their charter capital in order to improve capital adequacy ratios and meet the capital needs for high credit growth.
NCB''s charter capital surged from VNĐ5.6 trillion to VNĐ11.78 trillion, while Techcombank''s charter capital increased sharply from more than VNĐ35.2 trillion to nearly VNĐ70.66 trillion.
The settlement of bad debts must be developed into a draft law and submitted to the National Assembly (NA) in May 2025 for consideration and approval, according to a direction from Prime Minister Phạm Minh Chính.