PM calls for continued restructuring of credit organisations Prime Minister Nguyễn Xuân Phúc has requested the banking system work to enhance the reform of the credit organisation system in line with bad debt settlement while supporting socio-economic recovery and development amid the impact of COVID-19.

Zalo Bank not licensed by SBV and MoIT The State Bank of Vietnam (SBV) and the Ministry of Industry and Trade have affirmed that they have not licensed Zalo Bank to provide online built-in financial services.

Credit institutions must speed up restructuring to meet deadline

Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up to meet the State Bank of Việt Nam (SBV)’s deadline this year.

Quảng Ninh tops public administration reform, satisfaction indexes The northeastern province of Quảng Ninh maintained its first position on the Public Administration Reform Index (PAR Index) for the third consecutive year in 2019.

Newly registered enterprises in Trà Vinh increase Despite the COVID-19 pandemic, the number of newly registered enterprises in the Cửu Long (Mekong) Delta province of Trà Vinh has, risen this year compared to the same period last year. 

Bank liquidity abundant ahead of Tết Though Tết (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.

SeABank's strong impression in the first nine months of 2019 According to the State Bank of Vietnam, the banking sector’s business performance in the first nine months of 2019 has been continuously improved with results in terms of profits and credit growth. Besides such positive indicators, many banks also made a strong impression with significant events.

New special control regulations for credit institutions to take effect next month The State Bank of Việt Nam (SBV)’s Governor or the directors of SBV’s municipal and provincial branches will be able to lace credit institutions under the SBV’s special control, starting from next month.

Central bank stipulates special control for credit institutions The State Bank of Việt Nam (SBV) has issued a circular regulating special control for credit institutions.

Việt Nam’s credit growth expands in first months of 2019 The credit growth of Vietnamese banks as of April 17 this year had expanded by 3.23 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported.