Vietnamplus

Pyn Elite Fund has divested capital from Mobile World Investment Joint Stock Company (MWG), said Vietnam Securities Depository (VSD).

The COVID-19 pandemic has speeded up the banking sector’s awareness of digitisation by three to five years and forced lenders to accelerate the process to survive and grow.

The 8th patriotic emulation congress of the banking sector, for 2020-2025, took place in Hanoi on November 28 with the participation of National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan.

A ceremony for the Vietnam Outstanding Banking Awards 2020 was held by the Vietnam Banks Association and International Data Group Vietnam (IDG Vietnam) on November 26 in Ho Chi Minh City.

For its almost 100 percent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank.

Vietnam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals.

Prime Minister Nguyen Xuan Phuc on November 16 presented the State President’s decision to appoint Nguyen Thi Hong as the Governor of the State Bank of Vietnam (SBV).

A joint SBV-IMF high-level conference, themed “Securing Growth and Resilience in the ASEAN: Policies for the Post-COVID-19 World”, was held in Hanoi on November 10.

Business is the central component of any country’s sustainable growth targets. To post growth of roughly 2.5 percent this year, Vietnam’s banking sector has been busy introducing a range of measures to assist businesses.

Procurators on October 28 proposed prison sentences ranging from three to 19 years for 12 defendants involved in violations at the Bank for Investment and Development of Vietnam (BIDV).

Banks in Ho Chi Minh City are focusing on measures to mitigate the difficulties faced by businesses due to the COVID-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.

The 13th plenum of the 12th Party Central Committee (PCC) wrapped up in Hanoi on October 9 after five working days.

Finance ministers from ASEAN countries and representatives of international organisations looked into the regional financial situation and development issues during the 24th ASEAN Finance Ministers’ Meeting held online on October 2.

Finance Minister Dinh Tien Dung and Governor of the State Bank of Vietnam (SBV) Le Minh Hung on October 2 co-chaired the sixth ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM).

Big data is a vital issue for banks in the digital transformation process, with data sharing and security top concerns, experts have said.

The sixth ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) was held online in Hanoi on October 2.

Governor of the State Bank of Vietnam (SBV) Le Minh Hung chaired the 16th ASEAN Central Bank Governors’ Meeting (ACGM) on October 2, held in the form of a teleconference.

Deputy ministers of finance and deputy governors of central banks in ASEAN and the US gathered at an online meeting on October 1 to share information and views on stable and sustainable finance and banking development.

The Government has directed the State Bank of Vietnam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV Deputy Governor Nguyen Kim Anh has said.

Prime Minister Nguyen Xuan Phuc on September 29 assigned the Ministry of Agriculture and Rural Development to build a development strategy for the macadamia sector, with planning, varieties, markets, and investment capital to all be taken into account.