banks need to step up third party risk management

Banks need to step up third-party risk management

This was the main topic of a workshop themed “Managing third-party risks under Circular 18” held in Hanoi by the Vietnam Banks Association, together with PwC Vietnam and PwC Vietnam Cyber Security Services Co., Ltd.    
vietnamese lenders set sail for lucrative lands

Vietnamese lenders set sail for lucrative lands

Vietnamese banks are following their corporate clients by expanding abroad. However, lenders could also confront a combination of hurdles when going abroad, including understanding cultural differences, local regulations, and meeting strict requirements. Luu Huong reports.
sbv may be able to purchase bank stocks under special review

SBV may be able to purchase bank stocks under special review

A proposal has been raised to allow the State Bank of Vietnam (SBV) to purchase stocks of banks under special review as a new method to handle the prolonged bad debts issue permeating the banking system.
banks offering more and more free deals

Banks offering more and more free deals

More and more customers are using e-banking services, leading to a rise in free-of-charge facilities offered by banks.
bank stocks raise vn markets

Bank stocks raise VN markets

Vietnamese shares advanced on Monday morning, driven by listed banks, securities firms and tech groups.
banking and finance to embrace digital transformation

Banking and finance to embrace digital transformation

Viet Nam's banks and financial institutes must be ready for a digital transformation, said policymakers and experts at a workshop yesterday in Ha Noi.
opening way for digital payments

Opening way for digital payments

With the meteoric rise of non-cash payments in Vietnam, more and more banks and financial institutions are turning towards digital, subscribing to software providers like OpenWay that are working to unite the market – under their own name.
europe firms may purchase 49pc in local banks

Europe firms may purchase 49pc in local banks

The Vietnamese Government may allow European financial firms to buy up to 49 per cent of only two local commercial banks, Nguyen Thi Thu Trang, Director of the WTO Integration Centre at the Vietnam Chamber of Commerce and Industry, said on Wednesday.
vn stocks lifted by banks

VN stocks lifted by banks

Vietnamese shares advanced on Tuesday morning, driven by financial firms.
vietnam implementing de dollarization policy

Vietnam implementing de-dollarization policy

Since October, Vietnamese and foreign commercial banks are no longer allowed to provide mid- and long-term foreign currency loans. Experts believe this is an essential move towards reducing foreign currency mobilisation, boosting the country’s exports, encouraging derivatives products as risk-hedging tools, and implementing the country's de-dollarisation policy.
banks report higher profit

Banks report higher profit

Banks are reporting better profit for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.
importance of financing for vietnams bot ventures

Importance of financing for Vietnam’s BOT ventures

With the Ministry of Transport recently cancelling the international bidding process and replacing it with domestic bidding for the North-South Expressway project, the feasibility for bank loans is put on the top shelf of concerns. Lawyers Le Net, Le Thanh Hieu, and Vo Phuong Thao from LNT & Partners provide analysis into the risks that will possibly affect the ability of bidders to secure financing from both domestic and international banks.  
vietnamese banks ranked among 500 strongest in region

Vietnamese banks ranked among 500 strongest in region

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.
compliance risk blocking banks from going digital

Compliance risk blocking banks from going digital

While digital transformation has become an inevitable trend for development in today’s modern world, compliance risk, however, might pose remarkable hurdles to banks wishing to go digital.
central banks attempt to address sluggish growth

Central banks attempt to address sluggish growth

The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.