Tag: banking sector
PM sets major goals for banking sector in digital transformation
Prime Minister Pham Minh Chinh has set three major digital transformation targets for the banking sector, including creating the most favourable conditions for people, businesses and agencies to access banking services.
PM urges banking sector to maintain 'blood of life' for national economy
Prime Minister Pham Minh Chinh on January 8 asked the banking sector to maintain its role as the “blood of life” for the national economy, while addressing a conference in Hanoi on January 8.
Population database key to improving banking security
Allowing banks access to Vietnam’s population database has set the foundation for the banking sector to expand and provide digital services to more customers, as well as improve security, prevent fraud and identity theft, according to the State Bank of Vietnam's (SBV) Deputy Governor Pham Tien Dung.
PM orders prioritising capital for production, trade to propel growth
Prime Minister Pham Minh Chinh on July 15 ordered prioritising capital for production and trade to fuel growth in tandem with stabilising macro-economy, controlling inflation and Government and public debts while ensuring major balances of the economy.
Cross-shareholding poses risks to financial system
The prevalence of cross-shareholding in the banking sector has caused concerns among experts as they believe the situation could render banks' financial valuations inaccurate.
Banking sector focuses on credit institution restructuring
The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
Banks asked to bring interest rates down
Measures must be taken to bring down bank interest rates, said the State Bank of Vietnam (SBV) at a meeting with CEOs from 26 commercial banks in the country on May 25.
VietinBank, MUFG Bank celebrate 10 years of strategic alliance
VOV.VN - VietinBank and MUFG Bank, Ltd. (MUFG) have commemorated 10 years of strategic alliance that enabled both organizations to support the growth of Vietnam’s banking sector and foster deeper Vietnam-Japan business and knowledge exchanges.
Banking sector invests big in digital transformation
Vietnam's banking sector has invested over VND15,000 trillion in digital transformation by the end of 2022, according to the State Bank of Vietnam (SBV).
Vietnamese banks draw foreign capital
No longer hot on the stock market, yet banking sector remains one of the priorities of foreign investors, with foreign ownership rate in many banks reaching the cap of 30% as regulated.
