Vietnam Banks Association
Preventing card payment risks in the context of digital banking transformation
In order to update and share information on risk management and crime prevention in card activities for members, on November 8, the Bank Card Association - under the Vietnam Banks Association organized a Conference with the theme "Card payment risks in the context of digital banking transformation".
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Guidelines for debt settlement before initiating litigation
On October 22, 2024, the Vietnam Banks Association (VNBA) had a working session with the International Finance Corporation (IFC) of the World Bank (WB) to discuss the draft set of documents guiding debt settlement before proceeding with litigation.
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Vietnam Banks Association’s visit to Korea
On October 14-16, 2024, the Vietnam Banks Association (VNBA) visited and had working sessions in Korea. Vice President cum General Secretary Nguyen Quoc Hung led the delegation.
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VNBA talks with the Attaché of the Consulate General of Canada
On October 2, 2024, the Vietnam Banks Association (VNBA) had a meeting with the Commercial Attaché of the Consulate General of Canada.
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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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Vietnam Banks Association and Vietnam Advisors talked about the Euro Finance Week 2024
On the morning of September 30, 2024, the Vietnam Banks Association (VNBA) had a meeting with Vietnam Advisors to update and exchange information about the Vietnam Dialogue event within the Euro Finance Week in Frankfurt (Germany) organized by Vietnam Advisors. The program is part of the 27th European Finance Week event taking place on November 18 and 19, 2024.
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VNBA receives comments and completes draft of International Money Transfer Rules
On September 18, 2024, the Vietnam Banks Association (VNBA) held a meeting of the Working Group to develop a Code of Conduct and unified practices on the list of documents and document verification for overseas remittance transactions of residents who are Vietnamese citizens (Code of Conduct). The purpose is to discuss and reach agreement on some issues that are still stuck in the process of drafting the Code of Conduct and to receive comments to complete the draft for promulgation.
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Credit limit for large customers to be gradually reduced over next five years
Banks will have to gradually reduce the credit limit for large customers over the next five years to meet regulations under the new Law on Credit Institutions.
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Vietnam Banks Association talks with Monetary Authority of Singapore
On August 22, 2024, Vice Chairman cum Secretary General of the Vietnam Banks Association (VNBA) Nguyen Quoc Hung had a meeting and talked with Mr. Eugene Goh, Deputy Director in charge of FinTech & Innovation in the Monetary Authority of Singapore (MAS).
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Bad debts remained a challenge for banks in H1
Banks' non-performing loans continued to grow in the first half of this year, with some banks even witnessing double-digit growth, whereas their loan loss reserve ratio trended downwards.
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Warning about some forms of fraud through card transactions and domestic payments
According to the representative of the Risk Management Subcommittee, Bank Card Association (Vietnam Banks Association), faking applications to take control of devices is one of the common forms of fraud for card transactions and domestic payments recently.
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Promote cross-border bilateral payments via QR Code
On August 21, 2024, the Vietnam Banks Association (VNBA) coordinated with the Payment Department (State Bank of Vietnam) to organize a meeting to promote bilateral retail payments via QR codes between Vietnam and countries in the region, along with a number of issues of concern in the Circular No. 40/2024/TT-NHNN dated July 17, 2024 regulating the provision of intermediary payment services.
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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.
