Central bank required to consider proposals on Basel III application
Prime Minister Pham Minh Chinh has directed the State Bank of Vietnam (SBV) to consider commercial banks’ proposals on implementing Basel III international banking standards.
Banks launch automatic profit-making products to draw depositors
Commercial banks are launching products that can automatically make profits for non-term deposits on payment accounts to draw in customers.
Central bank injects more than 5 trillion VND into market
On the OMO channel, the State Bank of Vietnam lent commercial banks a total of nearly 35.62 trillion VND with an interest rate of 4%. Last week saw a maturity amount of more than 33.5 trillion VND on the channel, so the SBV’s total net injection via this was 2.09 trillion VND.
Forecast upbeat for banking industry in 2025
Commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9% year-on-year, while bad debt has peaked and is expected to decrease next year.
Corporate bond issuance drops by 60% in September
The total value of corporate bond issuances in September dropped significantly, by 60% from August, to the lowest figure recorded since May, a recent report showed.
State-owned banks struggle to increase capital
While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.
Reference exchange rate down on Sept. 20
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,148 VND/USD on September 20, down 19 VND from the previous day.
SBV gives the green light to increase credit
Commercial banks and other credit institutes whose credit growth reached 80% of the targets set by the central bank at the beginning of the year, will have their credit limit increased, stated the State Bank of Vietnam (SBV).
Long-term deposit interest rates reach 7.4%
Interest rates for VND-denominated for long term deposits at commercial banks have reached 7.4% per year, according to the State Bank of Vietnam (SBV).
Banks permitted to sell investment-linked insurance products
Commercial banks can continue to sell investment-linked insurance products through the bancassurance channel.
Xem thêm
