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provision

Central bank works on protecting banking service users

Central bank works on protecting banking service users

At a workshop on solutions to protect bank customers held in Hà Nội, SBV Deputy Governor Phạm Tiến Dũng said the banking industry has made continuous efforts and closely coordinated with relevant ministries and branches in the digital transformation process,...
Policy on security in online banking service provision drafted

Policy on security in online banking service provision drafted

The online banking system must ensure the confidentiality and integrity of customer information and the availability to provide services continuously.
Banks raise provisions in anticipation of bad debt

Banks raise provisions in anticipation of bad debt

In the face of rising bad debt in the ongoing pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources. 
Companies raise concerns about Internet services circular

Companies raise concerns about Internet services circular

Tightening of regulations on cross-border provision of public information will affect international enterprises, their local partners and customers, Vinalink CEO Tuan Ha said in Ha Noi on June 10.
Banks use profits for risk provision

Banks use profits for risk provision

Large-sized commercial banks had to set aside nearly half of their profits for credit risk provision in the first months of the year.
VAMC issues bonds to buy bad debts

VAMC issues bonds to buy bad debts

Vietnam Assets Management Company (VAMC) plans to issue bonds worth VND35 trillion (US$1.67 billion) to buy bad debts from credit institutions this year, said Deputy Chairman of VAMC Le Quoc Hung.