Business

MSB completes all three pillars of Basel II

The Vietnam Maritime Commercial Joint Stock Bank (MSB) said it has completed the second pillar of Basel II standards that is supervisory review nearly one year ahead of the schedule set by the State Bank of Vietnam.
MSB completes all three pillars of Basel II ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) - The Vietnam Maritime Commercial Joint StockBank (MSB) said it has completed the second pillar of BaselII standards that is supervisory review nearly one year ahead ofthe schedule set by the State Bank of Vietnam.

Together with the realisationof the first and third pillars of Basel II - minimum capital requirement and marketdiscipline – in July 2019, MSB has become one of the first banks tocomplete all of the three pillars.

Basel II is thesecond edition of the Basel Accords, which are recommendations on banking lawand regulations issued by the Basel Committee on banking supervision. It aimsto enhance competition and transparency in the banking system and make banksmore resistant to market changes.

Underthe second pillar, a bank must have an Internal Capital Adequacy AssessmentProcess (ICAAP) in place. A bank must conduct periodic internal capitaladequacy assessments in accordance with their risk profile and determine astrategy for maintaining the necessary capital level.

Tomeet the standards, the MSB has adopted a risk governance model based on bigdata analysis using artificial intelligence to seek and assess potentialclients for credit card products. Accordingly, clients could apply online forcredit cards within 24 working hours without submitting income statement orvisiting its branches or transaction offices.

NguyenHoang Linh, MSB Acting General Director, said the early completion of the threepillars of Basel II will create a premise and momentum for the bank to geartowards higher international risk governance standards like Basel III, whilehelping the bank operate in a transparent, safe and sustainable way.

The bank’s net profit before provisioning of MSB in 2019 exceeded 2.2trillion VND (94.3 million USD), up 23.5 percent over 2018. Its total assetsreached nearly 157 trillion VND, up 14 percent year-on-year and surpassing itstarget by 3 percent.

The bank’s total pre-tax profit was 1.28trillion VND, up more than 20 percent over 2018./.
VNA
#Vietnam Maritime Commercial Joint Stock Bank #MSB #Basel II standards #State Bank of Vietnam #Vietnam #VietnamPlus #Viet Nam News
Follow VietnamPlus

Related News

Applying Basel II – not a rosy road

Applying Basel II – not a rosy road

If banks cannot increase charter capital, they’ll have to reduce credit growth, which could harm the provision of capital to serve economic development.

See more

Vietnamese Ambassador to the RoK Vu Ho (first, left) and other participants in the conference in Seoul on July 14 (Photo: VNA)

Vietnam, RoK strengthen investment links at Seoul conference

Vietnamese Ambassador to the RoK Vu Ho said bilateral relations are currently enjoying the best conditions, underpinned by what he described as the three key factors of “favourable timing, geographical advantages, and strong public support”.

Electricity generation is monitored at the plant of the Hai Phong Thermal Power Joint Stock Company. (Photo: VNA)

Energy security “shield” must be built in layers: Expert

In an interview recently granted to the Vietnam News Agency, Dr Nguyen Van Tu, General Director of the Vietnam Petroleum Institute (VPI), said petroleum reserves are a critical line of defence, but a genuine energy security “shield” must be built in layers.

Reducing emissions is not only essential for tackling climate change but also brings tangible benefits to farmers and businesses. (Photo: VNA)

Vietnam steps up low-emission farming to support green growth

Vietnam is among the world's leading producers and exporters of agricultural products, including rice, coffee and a wide range of fruits. However, key export markets such as the US, the European Union (EU) and Japan are tightening sustainability requirements for agricultural products, making the transition to low-emission farming increasingly important.

Fresh fruit products of Vietnam are introduced to German customers. (Photo: VNA)

"Live data" paves way for Vietnamese farm exports

Achieving Vietnam's target of more than 74 billion USD in agricultural, forestry and fishery exports in 2026 will require stronger traceability systems, initially focusing on key export commodities, high-value products and major markets such as the EU, the US and China.

An enterprise in the southern province of Dong Thap invests in modern technologies and machinery for production. (Photo: VNA)

Broadening financing channels key to unlocking SME growth

As the private sector takes on a more central role under the Politburo's Resolution No. 68-NQ/TW, experts and business representatives say Vietnam needs a more comprehensive approach to supporting SMEs. This includes improving institutions, making financial support tools more effective and reshaping the financial system to better suit the characteristics of SMEs.

Phase 1 and Phase 2 of the Tan Thuan Wind Power Plant in Tan Thuan commune, Ca Mau province, have a combined installed capacity of 75 MW, comprising 18 wind turbines. (Photo: VNA)

Energy storage unlocks renewable power potential, cuts emissions

Energy transition is not simply about replacing fossil fuels with wind and solar power. It also requires building a sustainable energy ecosystem in which clean power generation, energy storage, smart grids and material recycling chains develop in parallel. Such an integrated approach will improve energy efficiency, further reduce greenhouse gas emissions and help Vietnam achieve green growth and net-zero emissions targets by 2050.

Vietnamese food is increasingly diverse in varieties and packaging, meeting domestic demand. (Photo: VNA)

Government urges vigilance as inflation pressures mount in H2

The Government's inflation target remains within reach despite mounting headwinds. Several forecasts suggest inflation can stay below 4.5% this year if international oil prices continue to retreat. Extending domestic fuel tax incentives through year-end, along with stable electricity prices, healthcare fees and exchange rates, would offer additional relief.

Construction is underway at the Tu Lien Bridge project in Hanoi. (Photo: nhandan.vn)

Public investment drives Hanoi’s growth momentum

In the first half of 2026, Hanoi disbursed 64 trillion VND (2.4 billion USD) in public investment, equivalent to more than 53% of the annual plan assigned by the Prime Minister – the highest mid-year disbursement rate recorded in many years.

Representatives of relevant parties at the sponsorship signing ceremony on July 13, 2026 (Photo: Vietjet)

Vietjet, Vikki Digital Bank named official partners of ASEAN United FC events

As the Official Airline Partner of the ASEAN United FC events, Vietjet connects fans and destinations across Southeast Asia through the region's leading football competitions, kicking off with the ASEAN Hyundai Cup™ 2026, the jewel in the crown of ASEAN football and the region's biggest sporting event.

A truck carrying Vietnamese goods passes the Kim Thanh International Land Border Gate No. 2 in Lao Cai province. (Photo: VNA)

Lao Cai steps up anti-smuggling crackdown, handles more than 1,220 cases

Among the cases were 367 involving the illegal trade and transport of prohibited or smuggled goods, 692 related to commercial and tax fraud, and 162 concerning counterfeit products, imitation goods and intellectual property infringements. Criminal proceedings were launched in 231 cases, with 406 suspects facing criminal proceedings, while 957 cases were settled through administrative penalties.