Tag: banks
Vietnam enforces 8% capital adequacy ratio for banks from September 15
From September 15, commercial banks and foreign bank branches must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital.
Central bank reassures clients after CIC data breach incident
VOV.VN - The State Bank of Vietnam (SBV) on September 12 issued a statement to reassure clients following a data breach at the National Credit Information Centre (CIC).
Four Vietnamese banks join IFC's Green Alliance to boost sustainable finance
Four Vietnamese commercial banks have become members of the International Finance Corporation’s (IFC) Alliance for Green Commercial Banks, a global initiative to accelerate sustainable finance and green banking practices across emerging markets.
SBV Governor Nguyen Thi Hong rated A+ by Global Finance
Global Finance has ranked Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong A+, the highest grade in its 2025 Central Banker Report Cards.
Vietnam’s growth to remain resilient: World Bank
Vietnam’s economy expanded by 7.5% in the first half of 2025, one of the fastest rates in the region, reflecting strong momentum despite continued global uncertainties, according to the latest Vietnam Economic Update by the World Bank (WB), released on September 8.
Strategic reforms fuel Vietnam’s economic rise after nearly four decades
VOV.VN - After nearly four decades of reforms and global integration, Vietnam, from a poor country facing many challenges, has risen strongly to become a country approaching a high-middle-income status.
S&P upgrades ratings of three banks, citing resilient economy
S&P Global Ratings has raised the long-term credit ratings of three major banks, reflecting the stronger resilience of the country’s financial system and continued above-average economic growth.
32 banks, e-wallets mobilised to ensure National Day gift distribution
The State Bank of Vietnam (SBV) announced on September 5 that 32 institutions have linked with the VNeID electronic identification platform to support the distribution of gifts and social welfare payments delivered on the occasion of the 80th anniversary of the August Revolution and National Day.
VinFast partners with State Bank of India to provide customer financing
VinFast announced on August 23 that it has signed a memorandum of understanding (MoU) with the State Bank of India (SBI), the country’s largest bank, to offer vehicle financing packages for individual customers through its exclusive dealer network.
Nationwide banking data "cleanup" boosts digital payment security
Vietnam’s banking sector has completed a comprehensive review and verification of all customer records, both individual and corporate, linked to payment accounts using digital channels.
