Wednesday, June 19, 2019 - 8:47:02

UP@VPBANK

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.

Bad debt handling to be audited

Business

Bad debt handling to be audited

The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Vietnam (SAV).

Banks see higher employee efficiency

Business

Banks see higher employee efficiency

Many banks have seen their employee efficiency increase significantly, with each member of staff earning them more than 1 billion VND (43,000 USD) in pre-tax profit on average last year.