Vietnamplus

A delegation of the Vietnamese National Financial Supervisory Commission led by its Vice Chairman Nguyen Van Khach visited and held working sessions with agencies in Indonesia’s financial safety network in Jakarta from November 24-26.

Prime Minister Nguyen Xuan Phuc on June 29 met with leaders of some Japanese groups which are investing in Vietnam as part of his trip to Japan’s Osaka to attend the 14th G20 Summit.

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen Tri Hieu.

Deputy Prime Minister Vuong Dinh Hue called on Singapore’s Clermont Group to share its experience with and provide consultations for Vietnam in building and developing an ecosystem for fintech and digital banking.

The Ho Chi Minh City People’s Procuracy on June 27 proposed an imprisonment sentence of 4-5 years to Dang Thanh Binh, former Deputy Governor of the State Bank of Vietnam (SBV) for the charge of lacking responsibility causing serious consequences at the Vietnam Construction Joint Stock Commercial Bank (VNCB).

Lawmaker discussed a bill amending and supplementing some articles of the Law on Credit Institutions on October 26.

The central bank on July 21 held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.

National Assembly Chairwoman Nguyen Thi Kim Ngan and Speaker of the Republic of Korea’s NA Chung Sye-kyun discussed multiple issues regarding bilateral relations during talks in Hanoi on April 25.

HDBank continuously posted record high profit in 2016, making it the most successful case in the country’s bank restructuring.

Strong efforts from the HCM City banking industry are needed to complete its mission in 2017, a high-ranking official has said.

The State Bank of Vietnam (SBV) will co-operate with relevant agencies to map out a "special" law to boost bank restructuring and settle bad debts in 2017, according to SBV Governor Le Minh Hung.

Poor management of risks and weak supervision of banks were the roots of the largest problems that Vietnam’s banking system is facing, experts said during a workshop.

The Law on Deposit Insurance should be amended to give the Deposit Insurance of Vietnam (DIV), a non-profit State financial organisation, more independence in managing risk at credit institutions.

Deputy Prime Minister Vuong Dinh Hue and JICA Vice President Kenichi Tomiyoshi have discussed policies on the restructuring of SOEs and the banking system in Vietnam during 2016-2020.

Year 2015 was an important milestone in Vietnam’s international economic integration with two significant events: establishment of ASEAN Economic Community (AEC) and wrapping up of TPP negotiations.

Vietnam is comprehensively switching to a market economy and considers this the guiding principle of steering the economy.

Retail banking is now a global trend and an opportunity for Vietnamese banks to secure their foothold in the domestic and foreign markets amidst the country’s strong international integration.

The State Bank of Vietnam (SBV) and relevant financial organisations need to take drastic measures to push the banking sector’s restructuring process in its final year.

The Government is on track to settle its bad debts and cross-ownership, under a scheme to restructure credit institutions from 2011 to 2015.