Banks with a relatively good performance and financial situation can easily adopt Basel II standards whereas it is difficult for those facing financial difficulties.
Cross-ownership in the country’s banking system had almost been eliminated, a recent report by the State Bank of Việt Nam showed.
Việt Nam will soon launch a new cryptocurrency exchange – the first of its kind in the country.
The number of non-performing loans (NPLs) at many banks has decreased dramatically in the past few months, with some even posting a decline of more than half.
The State Bank of Việt Nam (SBV) has set a target to stop cross-ownership among credit institutions (CIs) by the end of 2020.
On Wednesday, four State-owned banks said they would cut interest rates on dong loans in the Government’s priority sectors to support firms in 2019, starting from Thursday.
Vietcombank has officially completed a plan to reduce its holding ratio at other credit institutions to below 5 per cent as required by the central bank.