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The State Bank of Vietnam (SBV) has issued guidance for commercial banks to serve the registration of biometric data for foreign residents in Việt Nam, when a new regulation on mandatory biometric verification for first-time mobile banking users or large valued transactions takes effect early next month, an SBV official said.
Co-funded by IFC and Welcome Financial Group (WFG), the new facility—to be managed by Welcome Debt Trading Company Limited (WDT), a WFG subsidiary and a distressed asset investor and servicer in Viet Nam, will focus on acquiring and resolving Non-Performing Loans held by local financial institutions.
A slight increase in deposits recently has not affected lending rates, which banks are keeping low in hopes of facilitating the flow of credit.
Commercial banks have been holding back on increasing their foreign ownership ratio, or foreign room, to wait for suitable strategic buyers in the future, according to industry leaders and insiders.
Policies are in place to help ensure stability in terms of exchange rates. Duong Bui, FX Trading Associate director for Markets & Securities Services at HSBC Vietnam, shared with VIR’s Nhue Man how upcoming exchange rate fluctuations may affect import-export businesses.
Nam A Commercial Joint Stock Bank (Nam A Bank) invites qualified, capable and experienced contractors to participate in competitive bidding to evaluate the security of the bank's Internet Banking system.
The State Bank of Vietnam (SBV) announced on June 3 that the selling price of SJC-brand is 78.98 million VND (3,108 USD) per tael.
On June 5, the State Bank of Vietnam (SBV) announced the direct selling price of SJC-branded gold bars at four state-owned commercial banks at VND76.98 million ($3,200) per tael, down VND1 million ($41.50) per tael compared to the previous day.
On June 12, 2024, at the headquarters of the State Bank of Vietnam (SBV), Vietnam Banking Association (VNBA) organized a Conference on the implementation of Decision No.2345/QD-NHNN on the solutions to ensure the safety and security in online and banking card payment transactions. SBV Deputy Governor Pham Tien Dzung, Chairman of the National Cybersecurity Association, attended and gave a keynote speech at the Conference.
Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.