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banking

Banking sector steps up action plan to boost green credit

Banking sector steps up action plan to boost green credit

SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam."
AI helps banks promote Sustainable Development Report

AI helps banks promote Sustainable Development Report

Leveraging AI in producing sustainability information may enhance efficiency, accuracy and also strategic decision making, a banking and finance forum has been told.
Banks need to promote data analysis to minimise financial crime

Banks need to promote data analysis to minimise financial crime

Speaking at the event, the CEO of Lucid Groupe, Tuck Chan, said that, in today’s rapidly evolving regulatory landscape, the challenges of identifying and mitigating financial crime risks are more complex than ever.
Central bank releases draft amended Law on Credit Institutions

Central bank releases draft amended Law on Credit Institutions

Credit institutions are facing potential bad debt risks because Resolution No 42/2017/QH14 has expired.
Banks face difficulties in requiring SOE shareholders to divest

Banks face difficulties in requiring SOE shareholders to divest

According to the current regulations, the share ownership cap by an institutional shareholder in a credit institution is reduced from 15 per cent to 10 per cent and for an individual and his/her related parties from 20 per cent to...
Banks cut staff, transaction branches amid digital promotion

Banks cut staff, transaction branches amid digital promotion

VietinBank will be the first bank in the country’s group of four largest banks (Big4) to cut the number of its transaction branches.
SBV works to ensure 20b preferential credit package is effective and safe

SBV works to ensure $20b preferential credit package is effective and safe

The SBV has been actively developing and refining the mechanism to implement the largest credit package ever, with a total value of up to VNĐ500 trillion.
Banks take cautious strategic approach amid ongoing global challenges

Banks take cautious strategic approach amid ongoing global challenges

Although outstanding loans to US-exporting customers are low, joint-stock banks remain cautious about possible indirect effects from US tariffs on Vietnamese goods, SSI Research says.
Transferred weak banks under restructuring

Transferred weak banks under restructuring

Military Bank and Vietcombank, which took over struggling Oceanbank and CBBank late last year, have begun restoring the weak banks.
Vietnamese banks promote development of global strong brands

Vietnamese banks promote development of global strong brands

The State Bank of Vietnam (SBV) will require Vietnamese banks to develop systematic and long-term brand strategies to establish regional and globally-strong banking brands.
Many banks prioritise seeking foreign strategic investors

Many banks prioritise seeking foreign strategic investors

During this year''s AGM season, many banks'' boards and shareholders showed strong interest in securing foreign strategic partners.
Banks meet Q1 2025 profit plans

Banks meet Q1 2025 profit plans

Bank profits increased in the first quarter of this year, largely due to improved credit.
Digital assets, carbon credits expected to be collateral in bank loans

Digital assets, carbon credits expected to be collateral in bank loans

Currently, the assets are not yet recognised by Vietnamese law as collateral in bank credit activities, while current regulations mainly apply to tangible assets or traditional financial assets.
Three important financial policies to take effect in May

Three important financial policies to take effect in May

From May 18, foreign investors can only buy treasury shares if the shares were purchased by Vietnamese credit institutions before January 1, 2021.
Less attractive rates cause savings withdrawals in favour of other investment channels

Less attractive rates cause savings withdrawals in favour of other investment channels

Savings seem to no longer be a top priority for many people, making it difficult for banks to raise medium- and long-term capital.