News
Liquidity pressure “substantial” on Vietnam’s banks
Intense liquidity pressures and surging interest rates are anticipated in the domestic banking sector as the year-end approaches.
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Acquisitions to help boost restructuring of weak banks
Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
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HCM City banks, businesses enhance connection for loans
HCM City’s programme to link banks and businesses to enable lending to the latter has greatly assisted them with accessing preferential credit and promoted lending growth, according to the State Bank of Vietnam.
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Promoting "agriculture, rural areas and farmers" to develop rapidly and sustainably
On October 9, 2024, in Hanoi, under the instructions of the State Bank of Vietnam (SBV), the Banking Review, in collaboration with the Department of Credit for Economic Sectors, organized a Workshop on "Financial and credit solutions to promote "agriculture, rural areas and farmers" to develop rapidly and sustainably".
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State-owned banks struggle to increase capital
While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.
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Central bank confident about credit growth this year
The State Bank of Việt Nam is confident about reaching this year's credit growth target, as lending is expected to accelerate in the remaining months of the year on the recovery of production and business, Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú has said.
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Banks not allowed to offer promotions to depositors
Credit institutions are prohibited from offering promotional incentives in cash, interest, or other forms to attract depositors, according to new circulars on deposit interest rates for VND and USD.
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Debt recovery methods to be cleaned up
Commercial banks in Vietnam are grappling with rising loans and regulatory gaps, especially concerning debt recovery and managing real estate collateral, and highlighting the urgent need for clearer guidance on land use and leasing.
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Several banks suspend interest payments for typhoon-affected borrowers
Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.
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An open banking system is essential for a smart city
Building a smart city with a smart payment system playing a key role has helped Hà Nội gradually transform and make breakthroughs in the process of development, said Hà Minh Hải, vice chairman of the municipal People's Committee.
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Unlocking digitalisation potential in banking sector
While 5G commercialisation is expected to open more opportunities for the banking sector, various issues remain. Dr. Nguyen Quoc Hung, Vice chairman of the Vietnam Banks Association, spoke with VIR’s Minh Anh about the current driving forces.
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SBV and BCC sign MoU on Cooperation
On September 26, 2024, in Havana, the capital city of the Republic of Cuba, the State Bank of Vietnam and the Central Bank of Cuba (Banco Central de Cuba - BCC) signed a Memorandum of Understanding (MoU) on the Cooperation under the witness of Party General Secretary and State President To Lam, and First Secretary and President of Cuba Miguel Díaz-Canel.
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Financial transparency to resolve lending bottlenecks
Amendments to the Independent Auditing Law by the Ministry of Finance are poised to create more transparency in financial reports, helping to attract more foreign investors to Vietnamese businesses and alleviate the lending burden on banks.
