Vietnamese banks authorised to lift credit growth

Vietnamese banks authorised to lift credit growth

A number of commercial banks have been allowed to lift their credit growth target to expand their operations.
Switzerland supports Vietnam in building capacity for bank executives

Switzerland supports Vietnam in building capacity for bank executives

The Swiss Bank Executive Training programme is expected to transfer international know-how and expertise to Vietnamese bank executives at the SBV.
How the central bank can get to grips with dipping rates and economic turbulence

How the central bank can get to grips with dipping rates and economic turbulence

As global central banks begin to neutralise loosened monetary policy, such as the Fed lowering rates, this is seen as positive signals as the world economy gradually recovers, minimising the risk of global economic crisis.
GIB Global Investment Digital Bank to bid for digital banking licence in Vietnam

GIB Global Investment Digital Bank to bid for digital banking licence in Vietnam

GIB Global Investment Digital Bank announced intentions to enter the digital banking space in Vietnam by teaming up with Vimo and local payments providers.
OCB to increase charter capital and potentially lift FOL

OCB to increase charter capital and potentially lift FOL

The SBV has approved OCB to increase its charter capital to nearly $119.13 million by issuing nearly 274 million shares, with a dividend rate of 25 per cent.
Free transfer policy applied to Vietnam’s official COVID-19 Vaccine Fund

Free transfer policy applied to Vietnam’s official COVID-19 Vaccine Fund

The Governor of the State Bank of Vietnam (SBV) issued Official Letter No.3895 on adopting a feeless transfer policy to support Vietnam’s COVID-19 Vaccine Fund.
SBV clamping down on credit risks

SBV clamping down on credit risks

Despite stringent requirements applicable for risky sectors such as securities, real estate, and build-operate-transfer projects, credit is envisaged to grow in the coming quarters given the favourable interest rates and a much-improved risk management mechanism. 
IFC and State Bank of Vietnam partner to promote women’s leadership in banking sector

IFC and State Bank of Vietnam partner to promote women’s leadership in banking sector

The IFC and the SBV are partnering up to increase the number of females in leadership positions at banks.
VAMC bad debts exchange platform to soon receive approval

VAMC bad debts exchange platform to soon receive approval

The Vietnam Asset Management Company (VAMC) bad debts exchange platform will be approved by the central bank at the beginning of 2021.
Credit growth likely to reach 11 per cent in 2020 and 12-14 per cent in 2021

Credit growth likely to reach 11 per cent in 2020 and 12-14 per cent in 2021

The SBV predicts that next year's credit growth is expected to reach at least 12 per cent, after 11 per cent in 2020.
Vietnam fintech startup go from 44 in 2017 to 121

Vietnam fintech startup go from 44 in 2017 to 121

Vietnam’s fintech startup landscape almost tripled in size between 2017 and 2020, growing from 44 startups in 2017 to now 121 startups.
Shinhan Bank Vietnam complets three pillars of Basel II

Shinhan Bank Vietnam complets three pillars of Basel II

Shinhan Bank Vietnam has officially announced its application of Pillar 2 of Basel II on its internal capital adequacy, as prescribed by the SBV.
Financial infrastructure support for post-pandemic economic recovery in Asia-Pacific

Financial infrastructure support for post-pandemic economic recovery in Asia-Pacific

IFC and ABAC co-organised the eighth APEC Financial Infrastructure Development Network Conference on November 26.
AppotaPay greenlighted to provide intermediary payment services

AppotaPay greenlighted to provide intermediary payment services

AppotaPay JSC has been granted a payment intermediary service license by the SBV, making it the latest player in Vietnam's e-payment landscape.
Commercial banks expect SBV support to disburse capital, says expert

Commercial banks expect SBV support to disburse capital, says expert

The State Bank of Viet Nam (SBV) should develop policies for commercial banks, helping them disburse capital mobilised from organisations and people, said economic expert Nguyen Minh Phong.
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