Banking sector

SBV drafts regulations on a testing mechanism for Fintech

09:52 | 11/03/2024 Regulations

VCN - To prevent risks and promote new products, services, and business models, the State Bank of Vietnam (SBV) has developed a draft Government decree stipulating a controlled testing mechanism in the banking sector.

Banking sector focuses on credit institution restructuring associated with bad debt settlement

15:10 | 29/06/2023 Finance

The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.

Finance-banking sector fulfills 2022 goals: minister

18:25 | 08/01/2023 Finance

Minister of Finance Ho Duc Phoc has said the finance-banking sector accomplished its set goals for 2022, with State budget collection surpassing the estimate by nearly 20% amid unfavourable changes in the country and the world.

PM asks banking sector to ensure legitimate interests of people, businesses

16:24 | 28/12/2022 Headlines

Prime Minister Pham Minh Chinh on December 28 tasked the banking sector with ensuring monetary security and safety, as well as legitimate rights and interests of people, businesses and relevant subjects in 2023 and the following years.

Asset quality at banks is deteriorating

12:05 | 06/12/2022 Finance

VCN - In the analysis report of the banking industry just released, SSI Research said that the market was starting to see difficulties among companies in raising capital (and restructuring debt) for their business.

Banking sector needs improved legal framework to speed up digital transformation

16:32 | 10/10/2022 Finance

The banking sector was expecting amendments to the Law on Electronic Transactions would help remove bottlenecks and speed up the sector’s digital transformation progress.

The banking sector continues to promote system restructuring and bad debt handling

15:58 | 17/08/2022 Finance

The financial potential of the entire credit institution system in Vietnam is still low, so the SBV has continued to issue an action plan on restructuring the system associated with bad debt settlement in 2021-2025.

There are some risks in the banking sector

22:00 | 21/05/2022 Finance

Prof. Dr. Pham Hong Chuong (pictured), Rector of National Economics University, said that risks in the commercial banking system are more obvious when there are many unhealthy indicators

Annual General Meeting of Shareholders (AGM) season of the banking sector: Excited about dividends, finding strategic investors

09:37 | 22/03/2022 Import-Export

VCN - The 2022 Annual General Meeting of Shareholders (AGM) season of the banking sector this year will be held in April, earlier than in 2021. A number of banks have set attractive plans to increase capital and pay dividends.

Banking sector optimistic despite ongoing conflict in Europe

19:18 | 05/03/2022 Finance

The conflict almost certainly will drive global oil prices up, disrupt the global supply chain and create inflationary pressures. As a result, firms will likely be more hesitant to make investments, consumers cut back on spending and lower demand for credit.

Banking sector focuses credit on priority fields in 2022

15:38 | 06/01/2022 Finance

The banking sector has implemented monetary policies and management solutions in 2021 to control inflation and stabilise the macro-economy. At the same time, it also provided credit supportnbsp;for people and businesses to gradually restore production. In 2022, the banking sector will continue to create favourable conditionsnbsp;for liquidity in the economy. Deputy Governor of the State Bank Đào Minh Tú speaks to the Vietnam News Agency about these issues.

Banking sector embraces digital transformation to improve customer experience

20:27 | 24/11/2021 Finance

Faced with complicated developments of the COVID-19 outbreak in recent times, banks in Ho Chi Minh City and elsewhere in the country are strictly complying with social distancing regulations while also ensuring their systems operate smoothly and efficiently and fully meet the needs of individual and corporate customers.