the promotion of esg via banking

The promotion of ESG via banking

Given Vietnam’s economic characteristics, with one of the highest credit-to-GDP ratios globally, credit capital plays a crucial role in guiding and promoting business activities and socioeconomic development.
esg implementation in banking from awareness to action

ESG implementation in banking: from awareness to action

Deputy Governor of the State Bank of Vietnam Dao Minh Tu emphasised that increasing ESG implementations requires financial institutions to consistently comply with evolving regulations, demonstrating environmental and social responsibility while enhancing their credibility and transparency.
esg implementation spurs bank progress

ESG implementation spurs bank progress

The Vietnamese banking sector recognises its role in leading environmental, social, and governance efforts, driving sustainable investment flows, and setting new standards for its clients.
monetary and credit policies supporting exporters

Monetary and credit policies supporting exporters

Loosening monetary policy and credit incentive packages are aimed at easing exchange rate pressures and supporting exporters during the festive period and year ahead.
rising npls under increased pressure

Rising NPLs under increased pressure

Amid rising non-performing loan ratios, banks face increased pressure to strengthen provisioning and expedite collateral recovery, all while grappling with significant losses from recent events.
lowered lending rates to facilitate capital access

Lowered lending rates to facilitate capital access

The fourth quarter is bringing soaring capital demand for production and housing, calling for timely preferential credit and rate cuts to empower businesses and citizens in driving consumption and robust growth
monetary policy flexible and stable

Monetary policy flexible and stable

Vietnam’s central bank remains steadfast in implementing a proactive yet cautious monetary policy, exercising flexibility in the use of monetary tools amid recent sharp exchange rate fluctuations.
year end credit growth driven by industrial sector

Year-end credit growth driven by industrial sector

The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.
vietcombank and mbbank to acquire construction bank and ocean bank

Vietcombank and MBBank to acquire Construction Bank and Ocean Bank

The State Bank of Vietnam (SBV) announced a decision for the mandatory transfer of CBBank and Ocean Bank to Vietcombank and MBBank, respectively, on October 17.
capital injection accelerated into vietnams economy

Capital injection accelerated into Vietnam’s economy

The decline in the exchange rate has given the State Bank of Vietnam more room to ease monetary policy, injecting capital into the economy to meet the credit growth target, stimulate domestic investment, and aid post-typhoon recovery.
credit growth cap strategy on the cards

Credit growth cap strategy on the cards

The State Bank of Vietnam last week signalled its ambition to explore a roadmap to lift credit growth caps, potentially allowing commercial banks greater flexibility in their lending activities.
55 billion remittance flows to ho chi minh city in first nine months

$5.5 billion remittance flows to Ho Chi Minh City in first nine months

The flows of remittances to Ho Chi Minh City reached $5.5 billion in the first nine months of 2024, a 10 per cent increase against the same period last year, according to Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City branch, at a conference on October 11.
rebuilding lives a priority in aftermath of typhoon yagi

Rebuilding lives a priority in aftermath of Typhoon Yagi

In the wake of Typhoon Yagi, addressing the tragic consequences and rebuilding efforts has become paramount, with crucial bank support and strategic advice from industry experts guiding the process.
capacity expands to lower deposit and lending rates

Capacity expands to lower deposit and lending rates

The recent decline in exchange rates will provide the State Bank of Vietnam with more room to adjust interest rates in a way that benefits credit growth and stimulates economic expansion.
fed rate cut expands vietnamese monetary policy flexibility

Fed rate cut expands Vietnamese monetary policy flexibility

The decision to cut interest rates by 50 basis-point in last week's Fed meeting is expected to have several positive impacts on the Vietnamese economy, specifically by alleviating exchange rate pressures and allowing the State Bank of Vietnam to implement a more accommodative monetary policy.