ACB becomes seventh bank to meet Basel II standards Business

ACB becomes seventh bank to meet Basel II standards

The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Vietnam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to seven.
Positive signs in Q1 socio-economic situation Society

Positive signs in Q1 socio-economic situation

Vietnam saw positive developments in many socio-economic aspects in the first quarter of 2019, with a GDP growth of 6.79 percent and stable macro-economy, said Minister-Chairman of the Government Office Mai Tien Dung.
Credit growth expands 0.77 percent in two months Business

Credit growth expands 0.77 percent in two months

Vietnam’s credit growth in the first two months of this year expanded by just 0.77 percent against the end of 2018, the lowest level in the past few years, a report from the Ministry of Planning and Investment (MPI) showed.
Vietnamese banks’ profitability improves Business

Vietnamese banks’ profitability improves

Vietnamese banks are forecast to gain in profitability this year, but raising capital will be a key focus for banks to meet the State Bank of Vietnam’s strict Basel II requirements.
Bank liquidity abundant after Tet Business

Bank liquidity abundant after Tet

Liquidity of the banking system has been plentiful again after the Lunar New Year (Tet), helping the central bank net withdraw more than 51.55 trillion VND (2.2 billion USD) in the past week.
Banks post high profits in 2018 Business

Banks post high profits in 2018

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.
Top ten outstanding banking events of 2018 Business

Top ten outstanding banking events of 2018

In 2018, the banking sector witnessed many achievements such as increasing foreign exchange reserves, remittances, and profit, but also faced challenges in interest and foreign exchange rates.
Banks expect higher credit growth limits Business

Banks expect higher credit growth limits

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.