Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.
Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.
The Military Commercial Joint Stock Bank (MB) recently launched the SWIFT – Global Payments Innovation Initiative (GPI) project.
The prosperity of the stock market in 2017 and the first months of 2018 has helped banks increase accumulated capital.
The State Bank of Vietnam (SBV) recently approved a proposal of the Military Commercial Joint Stock Bank (MB) to raise its charter capital.
International institutions have given positive comments about the operation of the Vietnamese banking sector.
Mergers and acquisitions (M&A) for financial institutions are luring in numerous domestic and international investors due to the attractiveness of the rapidly developing, US$26.55-billion consumer finance market.
Viettel, the telecom group, and Tan Can Sai Gon (SNP), a port developer, are the two names topping the list of military companies sought by investors.
While Vietnamese banks pay VND20 million (US$900) or so to every worker, foreign banks pay three times higher.
In its latest assessment released on May 3, Moody’s Investor Service has affirmed the long-term and short-term deposit and, where applicable, issuer and senior debt ratings of eight Vietnamese banks as unchanged (B1 positive).
Vietnamese Agent Orange (AO) victims have had their first cultural house for the first time after a ceremony handing the Cultural House of the Rehabilitation and Nursing Centre to AO victims took place on December 26 in Hanoi.
Domestic commercial banks are finding it hard to look for foreign strategic partners due to difficulties in the financial market and the current rules on foreign ownership limits.
The banking system is racing against time as its major restructuring enters its last phase.
Fitch Ratings this week affirmed the ratings for four major Vietnamese banks.
(VOV) -The Vietnam Military Joint Stock commercial Bank (MB) has been named as the Strongest Bank in Vietnam 2014 by Asian Banker magazine.
(VOV) - The Asia Pacific Quality Organization (APQO) has selected the Vietnam Military Commercial Joint Stock Bank (MB) for its coveted World Class Global Performance Excellence Award (GPEA) for 2014.
Vietnam will actively engage in discussions at the sixth ASEAN Defence Ministers Meeting-Plus (ADMM6) to make it a success.
The Military Commercial Joint Stock Bank (MB) launched its branch in Patuxay Building, 68th Kaysone Phomvihane Boulevard, Laos on December 30.