banking supervisory agency and kpmg held workshop on icaap

Banking Supervisory Agency and KPMG held workshop on ICAAP

Issued in 2018, Circular No.13/2018/TT-NHNN of the State Bank of Vietnam has a raft of requirements, including ICAAP, forcing banks to re-consider their business model toward higher integration.  
bac a bank named outstanding bank for green credit

BAC A BANK named outstanding bank for green credit

On November 27, locally-invested BAC A BANK received the “Outstanding Bank for Green Credit Award” within the Vietnam Outstanding Banking Awards 2019 (VOBA) co-organised by International Data Group (IDG) and the Vietnam Banks Association.  
banks spur green credit for sustainable development

Banks spur green credit for sustainable development

Economic development has improved living standards – at times at the expense of the environment. As green development is becoming an imperative, financial institutions – particularly banks – are earning high regard with their green credit approach.
vietjet signs credit loan for medium and long term financing programme

Vietjet signs credit loan for medium and long-term financing programme

The credit agreements reinforce the growing relationship between Vietjet and regional banks to diversify capital sources.
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.