Vietnam’s Banking Execs Call for Open Banking Framework
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Bank deposits decline for first time in over two years
Banks’ deposits decreased for the first time in two years as of the end of March, according to data from the central bank.
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VNBA requests members to comment on the draft Circular on dossiers and procedures for the first-time licensing of credit institutions
The Vietnam Banks Association (VNBA) has just sent an official request to the General Directors of member organizations to give comments on the draft Circular regulating dossiers and procedures for first-time licensing of commercial banks, foreign bank branches and foreign representative offices.
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Banking sector in AI era
On May 3, 2024, at the headquarters of the State Bank of Vietnam (SBV), the Trade Union of the central SBV organized a Seminar on "Banking sector in the era of Artificial Intelligence". SBV Deputy Governor Pham Tien Dzung, First Vice Chairman of the Steering Committee for Digital Transformation in the Banking Sector attended and gave a speech at the Seminar.
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Rules on capital adequacy ratio help reduce credit risks for banks, foreign bank branches
In order to address drawbacks for banks and foreign bank branches in Vietnam, the State Bank of Vietnam (SBV) on March 1 issued Consolidated Text 05/VBHN-NHNN of the Circular regulating capital adequacy ratios (CARs) for banks and foreign bank branches in Vietnam.
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Result of the gold bullion auction on April 23, 2024
According to the announcement of The State Bank of Vietnam (SBV), the two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars were Saigon Jewelry Company Limited (SJC) and Asia Commercial Joint Stock Bank (ACB).
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Training course "Framework of credit contracts and loan security contracts according to the provisions of the Civil Law"
Currently, credit contracts and loan guaranted contracts are mostly based on the templates prepared by credit institutions thus making asymmetry between the borrowers and the credit institutions.
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Majority of credit institutions forecast profit growth in 2024
A total of 86.2 per cent of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Việt Nam (SBV).
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MB Bank is expected to reach 30 million customers in 2024
On the morning of April 19, in Hanoi, Military Commercial Joint Stock Bank (MB - Code: MBB) successfully organized the 2024 Annual General Meeting of Shareholders with many important issues submitted and approved.
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Understanding Money to Avoid Worries
The book ‘Understanding Money to Avoid Worries’ is a lighthearted comic recommendation from many experts because it is essential for every family.
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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.