Vietnam Banks Association
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 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.
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VNBA invites members to comment on draft Circular replacing Circular 200
The Vietnam Banks Association (VNBA) has just sent an official dispatch to the General Directors of member organizations requesting to give comments on the draft Circular replacing the Circular 200/2014/TT-BTC (Circular 200) on guidance on the corporate accounting system.
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Expert’s warning of new forms of financial crime fraud
At the workshop on the topic "Financial crimes, anti-money laundering, sanctions and international payments in banking activities" co-organized by the Vietnam Banks Association (VNBA) and Wells Fargo Bank on May 30, 2024, the bank experts warned about financial crimes with very sophisticated forms of fraud.
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VNBA Secretary General received and talked with Delegation from the Bond Connect Company Limited
On May 28, 2024, Bond Connect Company Limited (BCCL) delegation headed by Mr. Tony Wang, General Manager has come and discussed with Vietnam Banks Association (VNBA) for updating information relating to China fixed income market.
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VNBA and VINASA co - organize a seminar on "Green Finance for Sustainable Development"
On May 28-29, 2024, Vietnam Banks Association (VNBA) and Vietnam Software and IT Services Association (VINASA) will jointly organize a seminar on "Green Finance for Sustainable Development" . The conference is within the framework of the Vietnam - Asia Digital Transformation Summit 2024 taking place over two days in Hanoi. Prime Minister Pham Minh Chinh is expected to attend and deliver an orientational speech.
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VNBA and VASEP discuss on the Business Development Services Program
On April 26, 2024 at the Headquarters No. 193, Ba Trieu str., Hanoi, Vietnam Banks Association (VNBA) and Vietnam Association of Seafood Exporters and Producers (VASEP) has discussed on the Business Development Services Program within the framework of IPSC project.
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The Council of Vietnam Banks Association meets for the 5th session, term VII
On April 17, 2024, in Hanoi, the Council of Vietnam Banks Association held the 5th meeting, term VII with the participation of members of the Association Council and the Inspection Committee, led by Mr. Pham Duc An, Chairman of the Association Council presided.
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The Conference "Financial Innovation in Vietnam WFIS 2024"
On the morning of April 15, 2024, the Conference "Innovating financial work in Vietnam WFIS 2024" organized by the Vietnam Banks Association (VNBA) in collaboration with TradePass Company, officially opened with a series of events on April 15 and 16, 2024. The Conference has attracted the participation of about 500 technology and business directors from leading banks, insurance and microfinance organizations across the country.
