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BASEL II standards

Sacombank profit exceeds 21.4 per cent of target

Sacombank profit exceeds 21.4 per cent of target

Sacombank''s consolidated profit before tax reached VND3.2 trillion (US$137.8 million) last year, more than 21 per cent in excess of its target.
BIDV meet Basel II standards

BIDV meet Basel II standards

The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has become the 16th Vietnamese bank to meet the minimum capital adequacy ratio set by Basel II standards.
Viet Capital Bank meets Basel II standards ahead of schedule

Viet Capital Bank meets Basel II standards ahead of schedule

Viet Capital Commercial Joint Stock Bank has received approval from the State Bank of Vietnam to adopt Basel II standards, taking the number of banks meeting the global norms ahead of schedule to 12.
Basel II deadline rapidly approaching, are banks on course to meet norms?

Basel II deadline rapidly approaching, are banks on course to meet norms?

Banks with a relatively good performance and financial situation can easily adopt Basel II standards whereas it is difficult for those facing financial difficulties.
HDBank gets green light to embrace Basel II standards ahead of schedule

HDBank gets green light to embrace Basel II standards ahead of schedule

The HCM City Development Joint Stock Commercial Bank has received approval from the State Bank of Viet Nam to adopt Basel II standards from October 1.
Standard Chartered strengthens capital base in Viet Nam

Standard Chartered strengthens capital base in Viet Nam

Standard Chartered Bank Viet Nam announced the completion of a tier-2 capital injection of US$100 million on Thursday.
Red ink still dominates at State-owned enterprises

Red ink still dominates at State-owned enterprises

Economists said the State-owned sector’s tardy growth reveal an imbalance between business results (revenue) and investment including assets and capital used for production.
Sacombank speeds up Basel II roadmap with risk regulation project

Sacombank speeds up Basel II roadmap with risk regulation project

Sacombank and PwC (Vietnam) Limited on July 5 signed a deal and began the "Enhancement of valuation model and development of market risk regulatory capital charged model” project.
Vietnamese banks to seek capital in global markets

Vietnamese banks to seek capital in global markets

Local banks are planning to raise capital in international bond markets as they face growing pressure to hike capital to satisfy Basel II standards by early next year.  
Maritime Bank approved to implement Basel II standards

Maritime Bank approved to implement Basel II standards

The State Bank of Viet Nam has approved Maritime Commercial Joint Stock Bank (MSB) to apply the Basel II standards, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.
Techcombank officially allowed to apply Basel II

Techcombank officially allowed to apply Basel II

Viet Nam Technological and Commercial Joint Stock Bank has officially been given approval from the State Bank of Viet Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s...
Techcombank becomes 8th bank meeting Basel II standards

Techcombank becomes 8th bank meeting Basel II standards

Techcombank has officially been given approval from the State Bank of Việt Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to eight.
Techcombank expects to apply Basel II this year

Techcombank expects to apply Basel II this year

Trinh Bang, Techcombank’s chief finance officer, said the firm was the best capitalised bank in Viet Nam and best positioned to deliver growth.
ACB becomes seventh bank to meet Basel II standards

ACB becomes seventh bank to meet Basel II standards

The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Việt Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule...
Foreign investment in banking to surge

Foreign investment in banking to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance...