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BANKING / FINANCE / INSURANCE / TAX

BANKS UNDER PRESSURE DESPITE POSITIVE CREDIT RECOVERY

According to Lê Xuân Nghĩa, former deputy chairman of the National Financial Supervisory Commission, the US Federal Reserve (Fed) will continually increase interest rates this year, which will force Vietnamese banks to raise deposit rates.

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BANKING / FINANCE / INSURANCE / TAX

IMPROVING HUMAN RESOURCES FOR DIGITAL BANKING TRANSFORMATION

Digital transformation in banking requires banks to quickly and strongly shift to digital services in the online environment in order to effectively interact with customers in the front-end, as well as requiring changes in back-end processes to support front-line transitions and improve operational efficiency through increasing digitization and automation.

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BANKING / FINANCE / INSURANCE / TAX

LOANS CENTRAL TO PUBLIC DEBT RESTRUCTURING

Deputy Prime Minister Le Minh Khai has signed and released Decision No.448/QD-TTg approving Vietnam’s programme on public debt management for 2022-2024 as well as a strategy on public debt borrowing and payments for the remainder of this year.

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BANKING / FINANCE / INSURANCE / TAX

BANKS SETTING UPBEAT PROFIT TARGETS

Banks are penning out upbeat profit targets for 2022, leveraging sound credit demands buoyed by the economic rebound both at home and globally.

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BANKING / FINANCE / INSURANCE / TAX

GOV’T APPROVES EXTENSION ON BAD DEBT SETTLEMENT SCHEME

The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the pilot bad debt settlement of credit institutions based on Resolution 42/2017/QH14.

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BANKING / FINANCE / INSURANCE / TAX

MARKET FACES STRONG CORRECTION ON SELLING PRESSURE

The market opened the week on a negative note, with both benchmark indices losing more than 1 per cent, as selling pressure weighed on investors' sentiment from the beginning of the session.

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BANKING / FINANCE / INSURANCE / TAX

EXPERTS WARN ABOUT PARTICIPATION OF REAL ESTATE COMPANIES IN BANKS

According to the experts, the participation of real estate companies in banks can adversely influence these banks’ lending practices. Leaders of real estate companies, who are also ultimate owners of certain banks, can channel more loans to their real estate projects, online newspaper bnews.vn reported.

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BANKING / FINANCE / INSURANCE / TAX

MONETARY POLICIES AID SOCIO-ECONOMIC RECOVERY AND DEVELOPMENT

Resolution on fiscal and monetary policies supporting the socio-economic recovery and development programe was ratified at the 15th National Asembly's first extraordinary session (January 4-11, 2022).


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