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State-owned banks

State-owned banks struggle to increase capital

State-owned banks struggle to increase capital

Joint stock commercial banks can easily implement capital increase plans using their shares, while State-owned commercial banks have to go through many rounds of approval to get the go-ahead from authorities on any planned capital increases.
Banks expect big change in charter capital in 2023

Banks expect big change in charter capital in 2023

Charter capital of banks is expected to have a big change this year as four State-owned banks are considering an increase in capital while the State Bank of Viet Nam (SBV) has approved a capital hike for 21 private banks.
State-owned banks continue cutting deposit interest rates

State-owned banks continue cutting deposit interest rates

Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.
Big four banks launch preferential interest rate loan packages

Big four banks launch preferential interest rate loan packages

The group of the four biggest State-owned banks (Big4) have launched preferential loan packages with interest rate reductions of up to 3 per cent per year to lower short-term lending rates to only 7 per cent per year.
State-owned banks under capital increase pressure

State-owned banks under capital increase pressure

Việt Nam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders
State-owned banks maintain top position in network coverage

State-owned banks maintain top position in network coverage

The group of State-owned banks have continued to maintain their leading position in terms of network coverage in the country’s banking industry.
Banks return on earning assets declines

Banks’ return on earning assets declines

Banks have continued to record a decrease in the ratio of return on earning assets due to the lending interest rate cut to support COVID-19 affected customers.
Pandemic derails banks capital hike plans

Pandemic derails banks’ capital hike plans

To meet the capital adequacy ratio (CAR) of the international banking standard Basel II as required by the State Bank of Viet Nam (SBV), many State-owned and private commercial joint-stock banks approved plans to increase capital early this year.
Banks upbeat about charter capital hike in 2020

Banks upbeat about charter capital hike in 2020

Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
Govt to hike capital for State-owned banks in Q1 2020

Gov’t to hike capital for State-owned banks in Q1 2020

The Government has finally announced a detailed roadmap to increase charter capital for large State-owned banks in the first quarter of this year.
Government backs capital hike plans for four State-owned banks

Government backs capital hike plans for four State-owned banks

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.
Large banks cut lending interest rate to aid businesses

Large banks cut lending interest rate to aid businesses

On Wednesday, four State-owned banks said they would cut interest rates on dong loans in the Government’s priority sectors to support firms in 2019, starting from Thursday.
3 State banks finally enter deposit race with higher interest

3 State banks finally enter deposit race with higher interest

After keeping deposit interest rates unchanged for many months, three State-owned banks with the largest share of deposits have begun to follow in the footsteps of their private competitors and hiked rates recently.
Banks face charter capital difficulties

Banks face charter capital difficulties

State-owned banks are finding it more difficult to increase charter capital, especially when they still have to pay dividends instead of keeping the money for this purpose.
State-owned banks cash dividends not compulsory

State-owned banks’ cash dividends not compulsory

The Government’s recent decision on the restructuring of credit institutions ensures that State-owned banks listed on the market no longer have to worry about dividend payout in cash, experts said.