EuroCham highly admires the reform work and working methods of the Customs authority Vietnam trade mission in Germany seeks cooperation in automobile industry New markets help fruit exports grow to record revenues

Vietnamese banking development strategy till 2025 approved

15:48 | 12/08/2018 Finance Follow english.haiquanonline.com.vn on
The Vietnamese banking development strategy till 2025 with vision to 2030 has been approved by the Prime Minister
vietnamese banking development strategy till 2025 approved

The strategy sets the goal of improving independence, activeness and accountability of the State Bank of Vietnam (SBV) for directing monetary policy, controlling inflation, supporting macro-economic stability and fuelling sustainable economic growth.

It also looks to strengthen institutional capacity and banking supervision of the SBV, expand its scope of supervision into financial corporations with parent ones. It will follow Basel banking supervision rules by late 2025.

The rate of cash among all means of payment is set to be below 10% by late 2020 and 8% by late 2025.

The strategy also aims to enhance public access to financial and banking services, especially in rural, mountainous and poor areas.

To that end, it outlines key measures such as refining legal framework on monetary market and banking in line with international practices, renewing management of foreign currencies and gold, developing and monitoring important payment systems in the economy, improving the efficiency of banking inspection, developing modern banking services, and enhancing access to banking services.

Source: VNA
Tags:
Vietnamese banking banking banking development strategy

Related News

Vietnam among world’s earliest in banking digital transformation: forum

Vietnam among world’s earliest in banking digital transformation: forum

14:33 | 29/05/2023 Finance

Vietnamese banks are among the earliest in the world to make the digital transformation, experts have said.
PM works with ministries, agencies on finance-banking activities

PM works with ministries, agencies on finance-banking activities

20:05 | 23/04/2023 Finance

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.
Vietnam’s banking system shows signs of money surplus

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.
SBV works to mitigate potential risks for non-banking credit institutions

SBV works to mitigate potential risks for non-banking credit institutions

14:42 | 13/02/2023 Finance

The State Bank of Vietnam (SBV) is collecting comments on its draft circular to minimise potential risks for non-banking credit institutions and ensure they work in accordance with international standards.

Latest News

Banks reduce interest rates, offer new loans for storm-affected customers

Banks reduce interest rates, offer new loans for storm-affected customers

18:40 | 15/09/2024 Finance

Several private and State-owned banks have reduced interest rates and offered debt relief for customers affected by Typhoon Yagi.
Allocating credit room, motivation for banks to compete

Allocating credit room, motivation for banks to compete

19:14 | 14/09/2024 Finance

VCN - The State Bank of Vietnam (SBV) has announced that it will allocate the credit growth limit (room) for banks that have achieved 80% of their target. This is an incentive for banks to increase their competitiveness.
New securities accounts in August reach record high in over two years

New securities accounts in August reach record high in over two years

14:20 | 13/09/2024 Finance

August saw the highest number of new securities accounts opened in more than two years, dating back to May 2022.
Fiscal policy needs to return to normal

Fiscal policy needs to return to normal

09:46 | 13/09/2024 Finance

VCN - Talking to Customs Magazine about the role and orientation of fiscal policy in the new period, Dr. Le Duy Binh, CEO of Economica Vietnam, affirmed that returning to normal fiscal policy is a message that is consistent with current reality.

More News

Credit growth target is within reach to contribute to boosting economic growth: SBV

Credit growth target is within reach to contribute to boosting economic growth: SBV

14:41 | 10/09/2024 Finance

Another important factor is to increase the capital absorption capacity of enterprises which will require a combination of macro policies to create favourable conditions for businesses, SBV’s Deputy Governor Đào Minh Tú said.
Strictly handle violations of invoices in a timely manner to avoid budget losses

Strictly handle violations of invoices in a timely manner to avoid budget losses

14:04 | 10/09/2024 Finance

VCN - The General Department of Taxation has just issued a document directing local tax authorities nationwide to conduct close and timely review and supervision of businesses showing signs of risks in the illegal trade and use of invoices.
SBV gives the green light to increase credit

SBV gives the green light to increase credit

19:45 | 09/09/2024 Finance

Commercial banks and other credit institutes whose credit growth reached 80% of the targets set by the central bank at the beginning of the year, will have their credit limit increased, stated the State Bank of Vietnam (SBV).
Accurate information, improving quality of state financial statement

Accurate information, improving quality of state financial statement

07:53 | 09/09/2024 Finance

VCN - The preparation of state financial statement has been significantly improved for units in the State Treasury as well as at financial information providers, thereby assessing the state financial picture transparently and comprehensively.
Strive to achieve State revenue in 2024 exceeding 10% of the target

Strive to achieve State revenue in 2024 exceeding 10% of the target

09:34 | 08/09/2024 Finance

VCN - In 2024, striving to collect the State revenue exceeding 10% of the target assigned by the National Assembly, and reaching the revenue of about 5% higher than the estimate in 2024 to meet the estimate and increase the expenditure to create sources for salary reform and unplanned tasks.
Continue to publicly disburse public investment capital, many key projects have low rates

Continue to publicly disburse public investment capital, many key projects have low rates

09:01 | 07/09/2024 Finance

VCN - The Ministry of Finance continues to publicize the disbursement rate of public investment capital plans of many key projects, notably that many projects and component projects have very low disbursement rates.
Public investment disbursement rate in 8 months reaches about 40.5% of the plan

Public investment disbursement rate in 8 months reaches about 40.5% of the plan

09:13 | 06/09/2024 Finance

VCN - The low disbursement rates of some localities that have large disbursement plans, have greatly affected the overall disbursement rate of the whole country, the Ministry of Finance released.
State revenue in 8 months increased by about 18%

State revenue in 8 months increased by about 18%

16:16 | 05/09/2024 Finance

VCN – In the first eight months of the year, the accumulated state revenue is estimated to increase by 17.8% year-on-year to VND1,335.6 trillion, meeting 78.5% of the estimate.
Challenges of collecting e-commerce tax losses

Challenges of collecting e-commerce tax losses

14:27 | 04/09/2024 Finance

Digital transformation is an inevitable trend that changes the way goods and services are consumed and supplied, especially activities on digital platforms, making tax management more complicated.
Read More

Your care

Latest Most read
Banks reduce interest rates, offer new loans for storm-affected customers

Banks reduce interest rates, offer new loans for storm-affected customers

18:40 | 15/09/2024 Finance

Several private and State-owned banks have reduced interest rates and offered debt relief for customers affected by Typhoon Yagi.
Allocating credit room, motivation for banks to compete

Allocating credit room, motivation for banks to compete

19:14 | 14/09/2024 Finance

The State Bank of Vietnam (SBV) has announced that it will allocate the credit growth limit (room) for banks that have achieved 80% of their target.
New securities accounts in August reach record high in over two years

New securities accounts in August reach record high in over two years

14:20 | 13/09/2024 Finance

August saw the highest number of new securities accounts opened in more than two years, dating back to May 2022.
Fiscal policy needs to return to normal

Fiscal policy needs to return to normal

09:46 | 13/09/2024 Finance

VCN - Talking to Customs Magazine about the role and orientation of fiscal policy in the new period, Dr. Le Duy Binh, CEO of Economica Vietnam, affirmed that returning to normal fiscal policy is a message that is consistent with current reality.
Credit growth target is within reach to contribute to boosting economic growth: SBV

Credit growth target is within reach to contribute to boosting economic growth: SBV

14:41 | 10/09/2024 Finance

Another important factor is to increase the capital absorption capacity of enterprises which will require a combination of macro policies to create favourable conditions for businesses, SBV’s Deputy Governor Đào Minh Tú said.
Mobile Version