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Detailed guidance on banning sale of bancassurance needed
Insurance companies are awaiting further details on regulations that will guide the implementation of a new policy on banning sale of bancasurance products through banks (bancassurance) to help them comply with the law.
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Banks' profit picture in Q3 creates mixed sentiment
Banks are releasing their third-quarter business results, and sentiments have been mixed about their profit picture.
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Deputy Governor Pham Tien Dzung meets JICA’s Delegation
On October 23, 2024, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Tien Dzung had a meeting with Mr. Shimizu Akira, Director General of the Treasury, Finance and Accounting Department of Japan International Cooperation Agency (JICA). Mr. Shimizu Akira was previously Chief Representative of JICA Vietnam Office during the 2020-2022 period.
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Year-end credit growth driven by industrial sector
The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.
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VNBA Secretary General and WB experts talked on financial inclusion
In order to discuss and clarify activities supporting the implementation of the Financial Inclusion Strategy Phase 1, the WB delegation visited and discussed with VNBA on assessing the effectiveness of the implementation of NFIS Phase 1; identifying difficulties and obstacles and proposing recommendations and best practices for the next phase 2026-2030 nn October 24, 2024. VNBA Vice President cum Secretary General Nguyen Quoc Hung has received and exchanged views with the delegation.
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Liquidity pressure “substantial” on Vietnam’s banks
Intense liquidity pressures and surging interest rates are anticipated in the domestic banking sector as the year-end approaches.
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Guidelines for debt settlement before initiating litigation
On October 22, 2024, the Vietnam Banks Association (VNBA) had a working session with the International Finance Corporation (IFC) of the World Bank (WB) to discuss the draft set of documents guiding debt settlement before proceeding with litigation.
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Vietnam Banks Association's working visit to Japan
On October 17-19, 2024, the Vietnam Banks Association (VNBA) paid a working visit to Japan. Vice President cum General Secretary Nguyen Quoc Hung led the VNBA delegation, including representatives of member organizations VietinBank, OceanBank, VDB, EVNFinance and MUFG Bank.
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Vietnam Banks Association’s visit to Korea
On October 14-16, 2024, the Vietnam Banks Association (VNBA) visited and had working sessions in Korea. Vice President cum General Secretary Nguyen Quoc Hung led the delegation.
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VIB becomes first bank to launch online credit card issuance via VNeID
VIB has become the first bank to utilise information from an electronic identification and authentication system (VNeID) to issue credit cards online starting from October 17, 2024.
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Mandatory transfers announced for CB, OceanBank
In a move to restructure the credit institution system and tackle bad debts, the State Bank of Viẹt Nam (SBV) has announced the mandatory transfer of two major banks.
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Pay services can be smart city backbone
Hanoi’s smart city progress, led by advanced payment integration, shows promise but still faces key regulatory and security challenges that need resolution for full success.
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SBV conducts synchronous measures to enable businesses and people to access bank credit resources
On October 17, 2024, in Hanoi, the State Bank of Vietnam (SBV) organized a Press Conference under the chair of First Deputy Governor Dao Minh Tu to disseminate the results of the monetary policy management and the banking operations in the third quarter of 2024.
