News
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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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.
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SBV: 120 trillion VND social housing credit package rolled out
To date, 10 provinces have sent their lists of projects for access to a 120 trillion VND (5.11 billion USD) housing credit package, heard an online conference on reviewing a resolution to remove difficulties for the development of the real estate market chaired by Prime Minister Pham Minh Chinh on August 3.
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Bankers proposed resolution to support firms, people
The Vietnam Banks Association (VNBA) has suggested the Government submit a request to the National Assembly for a resolution to support firms and people to overcome difficulties and promote business development like they did during the COVID-19 pandemic.
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Vietnamese banks prove attractive to foreign investors
A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.
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Banks lower deposit interest rates
Banks have lowered deposit rates by 0.4-1.1 percentage points, but the rates have remained relatively high across the board.
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Insiders call for revision to draft on e-transactions
Lawmakers are gathering comments on a draft amending the Law on E-Transactions, and insiders comment that the draft needs revisions to be more practical.
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Effective delivery of preferential loans needed for firms
A clear mechanism is essential to ensuring a preferential credit package will benefit pandemic-hit firms and contribute to economic recovery.
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Banks still perform well amid pandemic-caused difficulties
Banks’ pre-tax profits this year will remain relatively positive but are yet to be sustainable as banks haven’t set up contingency reserves for restructured debts.
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Detailed policies needed to help firms get loans
Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.
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Pandemic spurs digital banking transformation, helps create new services
he pandemic has forced the banking sector to speed up digitalisation and contactless banking, said Nguyễn Quốc Hùng, general secretary of the Vietnam Banks Association during an online conference on the digitalisation of banking and finance in Việt Nam on Thursday.
