Vietnam’s Banking Execs Call for Open Banking Framework
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Low lending rates may boost credit growth
A slight increase in deposits recently has not affected lending rates, which banks are keeping low in hopes of facilitating the flow of credit.
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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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Direct impact of exchange rates on business operations
Policies are in place to help ensure stability in terms of exchange rates. Duong Bui, FX Trading Associate director for Markets & Securities Services at HSBC Vietnam, shared with VIR’s Nhue Man how upcoming exchange rate fluctuations may affect import-export businesses.
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Looking for partners to access the security of Internet Banking system
Nam A Commercial Joint Stock Bank (Nam A Bank) invites qualified, capable and experienced contractors to participate in competitive bidding to evaluate the security of the bank's Internet Banking system.
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Big4 banks, SJC sell gold bars directly to customers
The State Bank of Vietnam (SBV) announced on June 3 that the selling price of SJC-brand is 78.98 million VND (3,108 USD) per tael.
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Central bank targets ongoing price control of gold market
On June 5, the State Bank of Vietnam (SBV) announced the direct selling price of SJC-branded gold bars at four state-owned commercial banks at VND76.98 million ($3,200) per tael, down VND1 million ($41.50) per tael compared to the previous day.
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Implementing solutions for safety and security in online and banking card payment
On June 12, 2024, at the headquarters of the State Bank of Vietnam (SBV), Vietnam Banking Association (VNBA) organized a Conference on the implementation of Decision No.2345/QD-NHNN on the solutions to ensure the safety and security in online and banking card payment transactions. SBV Deputy Governor Pham Tien Dzung, Chairman of the National Cybersecurity Association, attended and gave a keynote speech at the Conference.
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Larger lenders in good growth stead
Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.
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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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SBV urges to handle rumours about gold market
The State Bank of Việt Nam (SBV) has urged the Ministry of Public Security to verify and strictly handle violations related to spreading false news, speculating, profiteering or manipulating the gold market.