banking system

Bank system forecast to overcome pressure

July 24, 2024 | 13:00

The banking system in the second half of the year is projected to overcome inflationary pressures and support credit growth due to the combined effects of supportive factors.

SBV injects large amount of money to support capital for banks

February 22, 2024 | 10:20

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.

‘Big Four’ slash deposit interest rates to lowest in banking system

August 23, 2023 | 16:54

The four biggest banks in Vietnam have strongly cut interest rates for many deposit terms to the lowest levels of the year.

Vietnam’s banking system shows signs of money surplus

April 10, 2023 | 11:28

Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.

Stable lenders to lead to interest in stocks

March 09, 2023 | 15:47

Identifying the risk factors of the banking system can open up prospects to invest in banking stocks this year, industry experts are saying, while banks themselves are urged to take provisioning activities into consideration.

PM underlines banking system's role as arteries of economy

October 16, 2022 | 20:37

Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.

Finance ministry sets targets for banking system

August 23, 2022 | 23:14

The Ministry of Finance (MoF) has issued targets for restructuring banks in a bid to bolster the strength of Vietnam’s financial sector.

Credit growth of banking system expands by over 17 per cent

June 18, 2022 | 22:55

Hanoi - Credit of the Vietnamese banking system as of June 9 surged by 17.09 per cent against the same period last year, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said.

Cybersecurity crucial for ongoing digitisation of banking industry: researchers

January 10, 2022 | 10:37

Cybersecurity is one of the central issues in the digital transformation of the banking system.

Banks cut interest rates from October

October 10, 2020 | 09:55

Many banks have cut deposit interest rates after the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates from October 1.

Bad debts tend to rise despite slow credit expansion

August 10, 2020 | 12:56

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.

Stock market celebrates 20th birthday

July 21, 2020 | 07:00

A ceremony was held in HCM City on July 20 in the presence of Prime Minister Nguyen Xuan Phuc to mark the 20th anniversary of Vietnam’s stock market and the Ho Chi Minh Stock Exchange (HoSE).

Banking Forum 2019: Transformation needed for banks’ sustainable growth

May 08, 2019 | 14:00

Experts at the recent "Banking Forum 2019" in Hanoi has reached a consensus in urging banks to focus on transformations to boost internal strength and achieve sustainable growth.

Moody's: Vietnam's credit profile reflects robust growth

April 04, 2018 | 13:29

Moody's said that the Vietnamese government’s B1 positive credit profile reflects the economy’s robust growth, supported by increasing competitiveness