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Vietnam Banks Association and AMRO have working session
On the afternoon of September 19, 2024, a delegation from the ASEAN+3 Macroeconomic Research Organization (AMRO) led by Dr. Sumio Ishikawa - Team Leader and Economist at AMRO visited and worked at the Vietnam Banks Association (VNBA) to update and discuss a number of contents related to banking activities.
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Banks discuss measures to support typhoon-affected customers
Figures from credit institutions and branches of foreign banks in affected localities as of Tuesday, showed that around 73,000 customers were affected with a total outstanding loan of VND94 trillion.
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Banks required to list suspect accounts for better supervision
Commercial banks must provide information on accounts that show possible signs of fraud, swindling, or law violations at the State Bank of Vietnam (SBV) 's request every month.
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VAMC to auction bad debts starting at nearly $10 mln
VAMC has purchased the bad debts of Sacombank related to Phúc An Khang International Hospital and Bình Dương Construction Stone.
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Banks set to stimulate credit growth in last quarter
Banks are developing favourable credit schemes for the manufacturing and business sectors, while relaxing lending standards across all customer groups and the majority of loan sectors in the last quarter of the year.
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Banks reduce interest rates, offer new loans for customers affected by Typhoon Yagi
Several private and State-owned banks have reduced interest rates and offered debt relief for customers affected by Typhoon Yagi.
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Banks ramp up sale of real estate collateral to recover bad debts
Many banks have recently rushed to put up real estate collateral for sale to recover bad debts, but they are finding it difficult to sell the assets despite reducing prices.
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New policy stipulates special lending cases for credit institutions
Credit institutions will receive special loans from the State Bank of Vietnam (SBV) to pay depositors in case they face mass withdrawals, according to a new SBV regulation.
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Lenders seek regulations to disburse green finance
Many banks are increasing their focus on implementing green finance packages, but unlocking these promising capital sources still requires suitable mechanisms.
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Banking Innovation in the Digital Age
On September 11 and 12, in Ho Chi Minh City, the ENGAGE Asia 2024 conference took place, gathering more than 180 leading bank leaders, managers and technology experts. The event focused on the topic of "Innovating the banking industry in the digital age", aiming to find solutions to promote digital transformation and innovation in the Vietnamese banking industry.
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SBV orders debt relief and lending support following Typhoon Yagi
The State Bank of Vietnam (SBV) has instructed credit institutions to consider offering interest rate reductions, debt restructuring, and new lending support for borrowers impacted by Typhoon Yagi.
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Workshop "Winning the digital payment race in the Banking and Finance industry"
On September 10, in Hanoi, the Vietnam Banks Association (VNBA) coordinated with BPC Vietnam Company to organize the workshop "Winning the digital payment race in the Banking and Finance sector" with the aim of contributing to promoting digital transformation in the Banking and Finance industry as well as encouraging cooperation, creating a tight, effective and sustainable digital banking and digital payment ecosystem in Vietnam.
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BAOVIET Bank ends Visa credit cards services, shifts to domestic cards
BAOVIET Bank has announced that it will cease offering its international Visa credit cards from September 15.
