Solutions to promoting sustainable finance in ASEAN, digital transformation in the financial service sector amid the fourth Industrial Revolution, comprehensive financial solutions, and regional digital commerce links were on the agenda of the 6th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM), held online on October 2.

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.

Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital.

The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic.

Commercial banks are trying to boost individual consumer loans, especially to home and car buyers, since credit growth had slowed due to low capital demand from businesses.

VOV.VN - Economic experts in the financial and securities sectors from Singapore have stated that the Vietnamese economy has made a recovery in the third quarter of the year, despite its growth rate being weaker than forecast, with annual gross domestic product (GDP) growth reaching between 2.8% and 2.9%.

The Bank of Thailand (BOT) has successfully launched a new platform leveraging blockchain technology for government savings bond issuance.

The expanded road transport network with the building of expressways in Vietnam has contributed to the country’s noted economic growth over the past 15 years, heard a forum in central Khanh Hoa province on September 28.

The current pandemic has not only put mounting pressure on the quality of Vietnamese banks’ assets and profitability but also hampered some lenders’ cross-border mergers, forcing them to take different approaches to their foreign ownership limit.

The Saigon – Hanoi Commercial Joint Stock Bank (SHB) has received four awards by The Asian Banking and Finance Magazine (ABF) in both categories of retail and wholesale banking.