Banks report healthy three-quarter profit picture

Banks report healthy three-quarter profit picture

Many banks have published business reports for the first three quarters, depicting a generally bright profit picture.
SeABank raises charter capital to nearly $590 million

SeABank raises charter capital to nearly $590 million

SeABank has increased its charter capital to nearly $590 million by paying dividend in shares and issuing shares to employees.
MSB to increase its charter capital to nearly $664 million

MSB to increase its charter capital to nearly $664 million

The SBV has approved MSB to increase its charter capital to VND15.275 trillion ($664.13 million) through stock issuance to pay dividends.
More bank support given to businesses affected by COVID-19

More bank support given to businesses affected by COVID-19

Credit institutions and businesses can now relax after the SBV extended the time and scope of debt rescheduling for enterprises suffering from COVID-19.
COVID-19: SBV issues new document on rescheduling of debt payments

COVID-19: SBV issues new document on rescheduling of debt payments

The State Bank of Vietnam (SBV) on September 7 issued a circular amending and supplementing a number of articles of Circular No. 01/2020/TT-NHNN issued by the SBV Governor directing foreign credit institutions and bank branches to reschedule debt payments
Putting corporate bond market in the right track

Putting corporate bond market in the right track

The corporate bond market is going in the right direction after the government has tightened control over market performance, yet risks are still looming.
Banks cut transaction fees from August to support customers during pandemic

Banks cut transaction fees from August to support customers during pandemic

The State Bank of Vietnam has directed credit institutions and foreign bank branches to slash transaction fees to provide COVID-19 relief for customers.
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.
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