News
Banking sector to lead national digital transformation: PM
Việt Nam's banking sector is in a prime position to take the lead in the country's digital transformation process, said Prime Minister Phạm Minh Chính at an event organised by the State Bank of Vietnam (SBV) to promote the development of digital ecosystems and connectivity in Hà Nội yesterday.
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Rules on capital adequacy ratio help reduce credit risks for banks, foreign bank branches
In order to address drawbacks for banks and foreign bank branches in Vietnam, the State Bank of Vietnam (SBV) on March 1 issued Consolidated Text 05/VBHN-NHNN of the Circular regulating capital adequacy ratios (CARs) for banks and foreign bank branches in Vietnam.
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Result of the gold bullion auction on April 23, 2024
According to the announcement of The State Bank of Vietnam (SBV), the two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars were Saigon Jewelry Company Limited (SJC) and Asia Commercial Joint Stock Bank (ACB).
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Majority of credit institutions forecast profit growth in 2024
A total of 86.2 per cent of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Việt Nam (SBV).
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Understanding Money to Avoid Worries
The book ‘Understanding Money to Avoid Worries’ is a lighthearted comic recommendation from many experts because it is essential for every family.
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SBV requests to coordinate in importing and organizing bidding for gold bars
On April 15, the State Bank sent an official dispatch to the ministries of Finance, Public Security, and Industry and Trade requesting support for customs clearance for importing raw gold and organizing SJC gold bar bidding to reduce the differences between domestic prices and the world ones...
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SBV announces Appointment Decision of Deputy Director General of Payment Department
On April 10, 2024, the State Bank of Vietnam (SBV) held a ceremony to announce the SBV Governor’s Appointment Decision of Deputy Director General of the Payment Department. The ceremony was attended by Deputy Governor Pham Tien Dzung, together with representatives of the Personnel Board of the SBV’s Party Committee, the Human Resources Department, and all of the officials and staff of the Payment Department.
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14 banks are systemically important in 2024
The State Bank of Vietnam (SBV) has issued the Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country's banking system in 2024.
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SBV Governor attended high-level Seminar on "Making the most of opportunities in a changing world"
On April 3, 2024, the Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong attended a high-level seminar on "Taking advantage of development opportunities in a changing world" held in Luang Prabang, Laos as a main speaker.
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Future of digital banking hinges on data security: experts
Data security and privacy play a pivotal role in the digital transformation of the finance and banking sector, according to experts.
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Big data essential to ensure continuous operations of banking industry
Data security is an important issue in ensuring continuous operations, and is considered a vital factor for banks. The Smart Banking Summit 2023 was organised by the Vietnam Banks Association (VNBA) in collaboration with IEC Group, under the professional sponsorship of the State Bank of Vietnam (SBV), in Hanoi on October 6.
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Interest rate cut expected to stimulate demand for home loans
According to a report by the State Bank of Vietnam (SBV), people’s demand for home loans and home repairs decreased by 1.12 per cent in the first half of this year, while the loans increased by up to 31 per cent last year.
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Banks must prepare to respond to non
Risk management has become an extremely important task for all banks.
