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Uneven credit growth registered in first eight months
Credit growth rebounded in August after July's slowdown, but it remained uneven, with Hanoi's rate nearly triple that of Ho Chi Minh City.
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SBV adjusts credit growth targets and strengthens monetary policy management measures
Following the Resolutions of the National Assembly, the guidance of the Government and the Prime Minister, the State Bank of Vietnam (SBV) has managed the monetary policy in a proactive, flexible and effective manner, in collaboration with the fiscal policy and other macro-economic policies in order to control the inflation, contributing to maintaining the macro-economic stability, supporting the economic growth.
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Banks sharpen focus on scale-up of sustainability
Banks have demonstrated their determination to achieve sustainability in Vietnam by partnering with regional lenders and global investors, emphasising green finance and rigorous due diligence.
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Warning about 24 types of fraud in cyberspace
The Ministry of Information and Communications has officially launched the campaign "Month of action propaganda on identification and prevention of online fraud" under the leadership and coordination of the Department of Information Security (Ministry of Information and Communications).
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Lenders still most active in corporate bond issuance
Vietnam’s corporate bond market is experiencing a resurgence, but delayed payments and other factors continue to make dents in the sector.
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New policy promotes green banking development in Vietnam
The State Bank of Vietnam (SBV) is pushing all credit institutions to go green in terms of banking and credit.
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SBV warns about imposter scams with phishing links to update biometric information
Recently, the State Bank of Vietnam (SBV) has received reports about imposters pretending to be the SBV, faking the SBV's email interface to send information to lure people and customers to click on phishing links to update their biometric information used for banking transactions.
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Techcombank scoops three prestigious awards by Asian Banking & Finance magazine
Hanoi-headquartered Techcombank has won three prestigious awards from financial publication Asian Banking & Finance.
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Vietnamese, Lao central banks discuss cooperation in using local currencies in bilateral trade
The State Bank of Vietnam and the Bank of Laos have jointly organised a conference to share experience in promoting the use of respective domestic currencies in bilateral trade and investment cooperation activities to prevent external risks.
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Vietnam Banks Association talks with Monetary Authority of Singapore
On August 22, 2024, Vice Chairman cum Secretary General of the Vietnam Banks Association (VNBA) Nguyen Quoc Hung had a meeting and talked with Mr. Eugene Goh, Deputy Director in charge of FinTech & Innovation in the Monetary Authority of Singapore (MAS).
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Bad debts remained a challenge for banks in H1
Banks' non-performing loans continued to grow in the first half of this year, with some banks even witnessing double-digit growth, whereas their loan loss reserve ratio trended downwards.
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Warning about some forms of fraud through card transactions and domestic payments
According to the representative of the Risk Management Subcommittee, Bank Card Association (Vietnam Banks Association), faking applications to take control of devices is one of the common forms of fraud for card transactions and domestic payments recently.
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Promote cross-border bilateral payments via QR Code
On August 21, 2024, the Vietnam Banks Association (VNBA) coordinated with the Payment Department (State Bank of Vietnam) to organize a meeting to promote bilateral retail payments via QR codes between Vietnam and countries in the region, along with a number of issues of concern in the Circular No. 40/2024/TT-NHNN dated July 17, 2024 regulating the provision of intermediary payment services.
