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.
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.
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.
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.
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.
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.
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.
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).