Firm grasp of rules crucial in handling customer info
August 29, 2022 | 08:00
The State Bank of Vietnam has issued a formal request to credit institutions and foreign bank branches for cooperation and information sharing with tax administration organisations. Le Khanh Lam, tax partner at RSM, discussed with VIR’s Le Luu how banks and tax agencies can harmonise the fresh legislation, and how barriers can be overcome without compromising customers’ rights.
Banks are upbeat about profit prospects in 2022
January 07, 2022 | 20:35
The State Bank of Vietnam's (SBV) fresh survey shows that most credit institutions are optimistic about the business situation in the forthcoming quarter.
Credit institutions commit to doing their bit for the pandemic recovery
August 25, 2021 | 21:59
The State Bank of Vietnam will reinforce monitoring of commercial banks’ execution of their obligations in relief measures based on the outcomes of rates and charge cuts – but banks are trying to optimise their efficiency by tapping into non-interest income expansion.
Lenders request new debt guidance
January 28, 2021 | 10:00
Credit institutions are hankering for detailed guidance on handling rescheduling debt groups to assist affected businesses and individuals due to the health crisis, which is expected to be unveiled soon by Vietnam’s central bank.
Banks to make provisions for COVID-19 affected loans this year
January 24, 2021 | 10:04
Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV).
Credit institutions must speed up restructuring to meet deadline
June 16, 2020 | 11:20
Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up the process to meet the State Bank of Vietnam (SBV)’s deadline this year.
VAMC targets to settle 50 trillion VND of bad debts this year
June 08, 2020 | 06:58
The Vietnam Asset Management Company (VAMC) targeted to settle bad debts worth totally 50 trillion VND (2.15 billion USD) this year.
SBV’s policy rate cut a positive sign for market, economy: experts
May 15, 2020 | 10:20
The State Bank of Vietnam (SBV)’s interest rate cut is a positive sign for the market and economy, especially for businesses with loans, according to experts.
SBV interest rate cuts to allay economic difficulties
May 14, 2020 | 09:23
Interest rate cuts by the State Bank of Vietnam (SBV) and cost savings among credit institutions will pave the way for sustainable lending rate reductions, thus easing difficulties faced by businesses.
Banks provide assistance to businesses affected by epidemic outbreak
February 10, 2020 | 09:16
In response to the State Bank of Viet Nam’s appeal, a number of credit institutions have announced plans to support businesses affected by the coronavirus epidemic.
New special control regulations for credit institutions to take effect next month
September 27, 2019 | 09:41
The State Bank of Viet Nam (SBV)’s Governor or the directors of SBV’s municipal and provincial branches will be able to lace credit institutions under the SBV’s special control, starting from next month.
CIC launches portal for borrowers
June 12, 2019 | 14:44
Through the portal, borrowers can easily choose credit packages and register loan needs at the appropriate credit institutions, saving travel costs and time when using banking services.
Banks forecast further improvements
April 11, 2019 | 10:00
A majority of credit institutions in the country said their business performance in the first quarter of 2019 was better than the same period last year, according to the State Bank of Vietnam's March survey released late last week.
SBV set to rank local banks, credit institutions
January 31, 2019 | 22:27
The State Bank of Vietnam (SBV) will rank credit institutions and foreign bank branches operating in the country in a move to ensure the safety of the banking system and protect legitimate rights of depositors.
Long-delayed Khanh Hoa housing project investigated
October 05, 2018 | 08:54
The State Bank of Viet Nam’s branch in Khanh Hoa has asked credit institutions in the province to report on outstanding loans, payments and guarantees for real estate developer Hoang Quan relating to its stagnant social housing project HQC.
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