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Update news vietnamese banks
Tens of trillions of VND is expected to be poured into Vietnamese banks by foreign investors in 2019 and 2020 as negotiations on many deals are running smoothly.
Vietnamese banks are seeking to raise capital in international bond markets as they face growing pressure to hike capital to satisfy the central bank's regulations on minimum capital requirements and Basel II standards by early next year.
Vietnamese banks are seeking to raise capital in international bond markets as they face growing pressure to hike capital to satisfy the central bank's regulations on minimum capital requirements and Basel II standards by early next year.
As capital demands of Vietnamese firms are rising sharply, local banks are increasingly cooperating with foreign financial institutions to provide offshore loans, making the business become lucrative.
The long-awaited listing of many large Vietnamese banks has once again been delayed as banks wait for market conditions to improve.
Several banks approved their 2019 business targets and plans for raising capital in annual shareholders’ meetings on Tuesday.
The State Bank of Viet Nam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule.
Though the bad debt ratio of the banking system has been reported to drop to below 3 percent of its outstanding loans, how to deal with the amount of bad debt stuck at the Vietnam Asset Management Company is still a troublesome job.
Although the local banking sector might be one step behind its regional peers, the formation of the ASEAN Economic Community has set the local industry on a definite path of committed changes that should prepare it for any upcoming challenges.
Techcombank has announced that shares belonging to major shareholders are to come on to the market, as part of ownership limitations introduced by the State Bank of Vietnam.
A series of banks are facing towering bad debt provisions that ate up their profits for the first three quarters of the year, which had been promisingly reported.
VietNamNet Bridge – Experts forecast that the Trans-Pacific Partnership (TPP) will bring about sweeping changes within the Vietnamese financial market, however, thorough preparation is needed to maximize potential benefits.
More and more banks are becoming engaged in green credit but it's been a long time coming.
VietNamNet Bridge – Lauded as the land of the rising middle class, with surging spending power and plenty of room for retail banking growth, Vietnamese local banks will likely continue to be merge and acquisition targets of foreign investors
VietNamNet Bridge – Only three pairs of commercial joint stock banks had cross-ownerships, down three pairs from 2012, said Governor of the State Bank of Viet Nam (SBV) Nguyen Van Binh.
VietNamNet Bridge – The construction sector excelled in 2014, said Minister of Construction Trinh Dinh Dung.
Moody's Investors Service raised the outlook on Vietnam's banking system to stable from a negative assessment, noting a stable business climate, improved macro-economic situation and easing liquidity stress.
VietNamNet Bridge – High costs and a lack of data are preventing Vietnamese banks from meeting the 2015 deadline set for the implementation of Basel II regulations in the country.
VietNamNet Bridge – Many Vietnamese banks believe that calling for foreign capital is the best solution for them to improve their financial capability.
VietNamNet Bridge – China has no significant influence on the Vietnamese finance market, and the dong/dollar exchange rate will remain stable, an official of the State Bank of Vietnam (SBV) has said.