banking system

Closely and effectively managing State fund

08:56 | 31/08/2024 Finance

VCN - Following the socio-economic management policies and the state budget estimate for 2024, the State Treasury has managed the state fund proactively, publicly and effectively, thereby ensuring the state budget balance.

The State Treasury implements nine key tasks in 2024

15:38 | 22/02/2024 Finance

The deployment of key tasks plan in 2024 (refer to the Plan) of State Treasury was issued to focus resources on completing tasks during the year and following the proposed strategies.

The WB highlights a series of challenges, the banking system must enhance resilience

13:57 | 25/08/2023 Finance

VCN - Although the average Capital Adequacy Ratio (CAR) of the banking sector was at 11.4% in 2022, which was higher than the minimum safety level, the capital buffer at some large State-owned commercial banks and small private banks remains low.

Vietnam’s banking system shows signs of money surplus

14:38 | 10/04/2023 Finance

Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.

More connections to promote cashless payment

15:53 | 30/12/2022 Finance

Non-cash payments have grown sharply in addition to continuous payment products and services of the banking system to facilitate people.

Finance ministry sets targets for banking system

16:11 | 23/08/2022 Finance

The Ministry of Finance (MoF) has issued targets for restructuring banks in a bid to bolster the strength of Vietnam’s financial sector.

Credit growth of banking system expands by over 17 per cent

22:11 | 18/06/2022 Finance

Credit of the Vietnamese banking system as of June 9 surged by 17.09 per cent against the same period last year.

Banking liquidity on the rise

20:52 | 26/03/2022 Finance

Total liquidity in the banking system reached about VNĐ13.749 trillion (US$601 billion) in January, increasing by 2.59 per cent against the end of 2021.

Vietnam strives to improve the country's credit status

07:50 | 04/02/2022 Finance

VCN - The great news began in March, when the credit rating committee Moody's decided to keep the national credit rating unchanged and increase the credit outlook of Vietnam by two levels to positive.

Banks’ profit forecast to drop significantly in H2

16:43 | 08/09/2020 Finance

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1% compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.

Stable outlook for Vietnam’s banking system on robust economic growth: Moody’s

19:59 | 19/08/2019 Finance

Credit ratings agency Moody’s Investors Service on August 19 said its stable outlook for Vietnam’s banking system reflects the country’s robust economic performance, which will support asset quality and profitability.

Towards a cashless society

13:23 | 28/06/2019 Import-Export

VCN - Cashless payments have developed rapidly in recent years. The banking system, payment intermediaries and related units have prepared in all aspects to be ready for the explosion of cashless payment.

Moody’s lowers outlook on Vietnamese banking system

17:41 | 11/11/2018 Finance

Credit ratings agency Moody’s Investors Service has changed its 12-18 month outlook on the Vietnamese banking system (Ba3 stable) to stable, from its earlier positive rating, according to its recent report.

Bad debt ratio at 2.3% by end 2017

19:52 | 13/01/2018 Finance

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 per cent from 2.46 per cent in late 2016.

In 2018, the State Bank targets to reach a credit growth rate of 17%

09:39 | 11/01/2018 Finance

VCN – According to the State Bank of Vietnam (SBV), by the end of 2017, the credit of the whole banking system grew 18.17%.