new sbv regulation to help realty market grow sustainably

New SBV regulation to help realty market grow sustainably

The State Bank of Viet Nam (SBV) has recently made public a draft circular on safety limits for banks and called for public comment on the proposed changes. The circular would tighten regulations on lending, especially in the high-end real estate segment.
banks look towards ifrs 9 practical implementation

Banks look towards IFRS 9 practical implementation

The transition to IFRS 9 will be challenging, but with careful preparations, the changes that this reporting standard brings might turn into opportunities for banks, experts from PwC and SAS said at a workshop held in Hanoi yesterday.
vietnamese banks ipo plans pushed back again

Vietnamese banks' IPO plans pushed back again

The long-awaited listing of many large Vietnamese banks has once again been delayed as banks wait for market conditions to improve.
building trust critical for digital banking development

Building trust critical for digital banking development

Digital banking is inevitable for Vietnamese banks and building trust is critical in the development of the new business model, experts said at a conference on Friday.
taking advantage of the energy potential

Taking advantage of the energy potential

Vietnam’s increasing demand for energy, and the country’s large opportunities in wind energy, has caused many investors to turn their attention to Vietnam over the past few years. Katie O’Connell, associate of ACSV Legal Vietnam, explains that with a more bankable feed-in tariff and a subsequent increase in security for banks and investors, the wind industry is expected to open up for many more projects that may now come to fruition.
banks face big capital burden despite dividend plan

Banks face big capital burden despite dividend plan

A plan to allow large Vietnamese State-owned commercial banks to pay dividends in shares or retain dividends would help them accumulate capital and meet regulatory minimum capital thresholds, Fitch Ratings said on Friday.
banks may assess pollution risks before granting loans

Banks may assess pollution risks before granting loans

Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Viet Nam (SBV) draft regulation.
chip cards may minimise bank card crime

Chip cards may minimise bank card crime

Replacing magnetic strip cards with chip cards is expected to resolve the long-going security issues affecting bank cards, resulting in loss of money and personal data leaks in banks.
touting ai as retail bankings future

Touting AI as retail banking’s future

More than 100 senior leaders and ­experts from Vietnam’s leading ­financial institutions last week took part in a seminar on Artificial Intelligence application in Vietnamese retail banking in Hanoi, organised by ­Trusting Social and the Vietnam Banks Association.
banking vietnam 2019 comprehensive finance in a cashless economy

Banking Vietnam 2019: comprehensive finance in a cashless economy

Nearly 30 domestic and foreign financial experts, together with hundreds of representatives from banks and financial organisations, took part in Banking Vietnam 2019 themed on comprehensive finance in the development of cashless economy in Hanoi.
global trends see asian powers quitting coal

Global trends see Asian powers quitting coal

Cheaper renewables, improved technology, and risks over reputation, financial performance, and the environment are driving transition. Tim Buckley, director of Energy Finance Studies at the Institute for Energy Economics and Financial Analysis of Australasia, writes about Asian banks joining the growing number of major financial institutions exiting coal – now 112 and counting.
lenders look for greener finance

Lenders look for greener finance

Green credit is off to a good start in Vietnam, as more banks become willing to fund sustainable projects in an effort to diversify their incomes.
us china trade tensions fuel exchange and deposit rate

US-China trade tensions fuel exchange and deposit rate

The escalating US-China trade tensions and China’s currency devaluation have cast adverse impacts on interest rates in the local banking system, with deposit rates approaching new highs.  
foreign investors to join restructuring of vietnamese banking system

Foreign investors to join restructuring of Vietnamese banking system

Recently, foreign investors have been ramping up their presence in the Vietnamese market, with foreign banks in particular expressing eagerness to jump on the mergers and acquisitions (M&A) bandwagon in the banking sector.
first domestic chip cards launched

First domestic chip cards launched

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28.