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WB, Switzerland support Vietnam’s efforts to enhance banking sector

WB, Switzerland support Vietnam’s efforts to enhance banking sector

VOV.VN - On October 1, the World Bank (WB) and the State Bank of Vietnam (SBV) signed a financing agreement for a grant worth US$2.2 million provided by the Swiss Government to implement the project titled “Vietnam: Strengthening Banking Sector Soundness and Development”.

Banking sector leads corporate bond issuance

Banking sector leads corporate bond issuance

VOV.VN - Banking entities have to date led the domestic corporate bond market as they managed to mobilize VND18.2 trillion (US$782.6 million) from bond issuances.

M&As in banking sector encouraged

M&As in banking sector encouraged

The Government plans not to license any more wholly foreign-owned banks in Vietnam but encourages foreign banks to buy weak domestic banks, said Deputy Prime Minister Vuong Dinh Hue.

Banks pursue sustainable growth

Banks pursue sustainable growth

The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector.

Moody's raises outlook for banking sector

Moody's raises outlook for banking sector

Moody’s Investors Service has changed its outlook for Vietnam’s banking system to positive for the next 12-18 months from stable, reflecting the country’s strong economic prospects and the positive outlook for most rated banks.

Banking sector in dire need of more employees

Banking sector in dire need of more employees

Many banks have plans to expand employment this year as around 25.6% of banks said they had fallen short of staff by the end of last year, the Monetary Statistics and Forecasting Department of the State Bank of Vietnam revealed in a survey.

SBV honours GIZ Vietnam leaders and managers

SBV honours GIZ Vietnam leaders and managers

The State Bank of Vietnam (SVB) has awarded a certificate of merit and commemorative medals to Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) GmbH Vietnam leaders and managers.

BIDV wins best retail bank award 2016

BIDV wins best retail bank award 2016

he Bank for Investment and Development of Vietnam (BIDV) has been the only bank to receive the Best Retail Bank title of the 2016 Vietnam Outstanding Banking Awards.

Vietnam's central bank to acquire 52% stake in PVcomBank

Vietnam's central bank to acquire 52% stake in PVcomBank

The State Bank of Vietnam has approved a plan to acquire a stake of 52% in state-controlled PVcombank as part of the ongoing restructuring process at the medium-sized lender, local media reported on June 22.