The State Bank of Vietnam (SBV) and relevant financial organisations need to take drastic measures to push the banking sector’s restructuring process in its final year.
Hanoi (VNA)♛ - The State Bank of Vietnam (SBV) and relevant financial organisations need to take drastic measures to push the banking sector’s restructuring process in its final year.
During the process, self-restructuring, and merger and acquisition (M&A) are encouraged among Vietnamese commercial banks, said SBV Deputy Governor Nguyen Thi Hong.
She said SBV will keep track of the progress to tackle arising difficulties and foster comprehensive restructuring while enhancing the credit institutions’ governance capacity through new mechanisms on information transparency, stock market listings, sound internal business policies and the development of risk management systems.
According to economic expert Vu Dinh Anh, the banking system’s competitiveness capacity needs to be ensured not only in the domestic market, but also in foreign markets amid regional and global integration, with various bilateral and multilateral commitments to be implemented after 2015.
He suggested reviewing all restructuring projects since 2011 to assure adjustments are timely while controlling the compliance of legal regulations on rates of personal and organisational ownership in commercial banks.
Meanwhile, former National Financial Supervisory Commission Chairman Le Xuan Nghia said successful bank restructuring relies on integrating deep legal reforms with major renovation in state-owned enterprises, public investment, agriculture and administrative procedures.
The SBV affirmed it will streamline legal frameworks for monetary and banking activities in accordance with Vietnamese practices and international standards.
Achievements from 2011 to 2015 will create a base for developing a modern, sustainable credit institute system that is diverse in ownership and scale to meet the economy’s increasing demands on financial and banking services.-VNA
After four years of restructuring the banking system, total charter capital owned by the State Bank of Vietnam (SBV) at commercial banks increased 1.7 times.
The Investigation Police Agency said it launched criminal proceedings against 16 former officials of the Vietnam Construction Bank (VNCB) for economic management wrongdoings.
The State Bank of Vietnam (SBV) will keep a close watch on the developments of domestic and global macro economies and monetary markets to assure synchronous exchange rate management.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
Transaction at HDBank. (Source: VNA)
