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VNBA invites members to comment on draft Decree on invoices and documents
The Vietnam Banks Association (VNBA) has just sent an official dispatch to the General Directors of member organizations inviting comments on the draft Decree amending and supplementing Decree No.123/2020/ND-CP regulating invoices and documents.
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Bank warns of fraudsters impersonating employees over biometric updates
Vietcombank has warned about a new form of fraud, impersonating bank staff to support biometric updates, in order to steal banking service information.
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To form a coordinated process for handling accounts and cards to prevent fraud and scams
On July 3, in Hanoi, the Vietnam Banks Association (VNBA) coordinated with the Vietnam National Payment Corporation (NAPAS) to hold a meeting to discuss the coordination process for handling accounts and cards related to transactions suspected of fraud, forgery, and scams.
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Training courses on legal knowledge related to credit contracts
On August 3, 2024, the Vietnam Banks Association (VNBA) will hold a training course themed "Legal knowledge related to Credit Contracts, Mortgage Contracts and dispute resolution skills at Court in banking activities". The member organizations are invited to nominate staff to attend.
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Foreigners advised to visit bank branches for biometric verification
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.
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Resolve Non-Performing Loans, Enable Increased Access to Finance in Viet Nam
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.
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Low lending rates may boost credit growth
A slight increase in deposits recently has not affected lending rates, which banks are keeping low in hopes of facilitating the flow of credit.
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VNBA Secretary General received and talked with IFC Country Manager
On June 18, 2024, Secretary General cum Vice Chairman of Vietnam Banks Association has received and talked to Mr. Thomas Jacobs - IFC Country Manager for Vietnam, Laos & Cambodia at the headquarters No. 193, BaTrieu str., Hanoi.
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Banks limits foreign room, waiting for strategic buyers
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.
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Direct impact of exchange rates on business operations
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.
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Looking for partners to access the security of Internet Banking system
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.
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Big4 banks, SJC sell gold bars directly to customers
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.
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Central bank targets ongoing price control of gold market
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.
