- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
The State Bank of Vietnam (SBV) has decided on the mandatory transfer of Vietnam Construction Bank (CB) and Ocean Commercial Bank (OceanBank) to Vietcombank and Military Bank (MB), respectively.
A total of six major banks have made it into the Top 10 strongest brands in Vietnam, including Vietcombank, BIDV, VietinBank, Techcombank, Agribank, and VPBank.
The State Bank of Vietnam (SBV) is considering a roadmap to remove the credit room mechanism as directed by the National Assembly and the Government.
According to statistics from banks, the implementation of biometric authentication regulations has effectively deterred high-tech criminals from using personal accounts for money transfers.
Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV) has just been awarded the titles of "Best API Application & Open Banking Bank in Vietnam" and "Best Trade Finance Bank in Vietnam" for 2024 by The Asian Banker.
Bank interest rates have been highly volatile, with one bank making its second rate adjustment in the month as of October 31, 2024, underscoring the competitive landscape.
The social housing loan package, originally valued at VND 120 trillion, has been raised to VND 145 trillion with the participation of nine banks, drawing attention from businesses and consumers.
In the context of increasing climate change and environmental pollution, green credit has emerged as an important tool for sustainable development.
Export-import credit is entering a bustling season, with increased activities to support businesses in expanding their international markets. Banks and financial institutions are ramping up funding, meeting the growing demand in global trade.
Recently, credit growth has shown signs of slowing down, which has attracted the attention of many economic analysts and policymakers. Several factors have contributed to the slowdown in credit growth.
On August 13, 2024, significant changes were recorded in bank interest rates. 12 banks have increased their deposit rates since the beginning of August. Notably, many banks have raised their 12-month term interest rates above 5% per year.
In the digital age, the banking sector plays a crucial role in managing the finances and transactions of individuals and organizations. With the development of technology, the issue of bank security has become one of the top priorities.
With sustainable financial solutions and a diverse range of digital products/services for small and medium-sized enterprises (SMEs), SHB has been honored as the "Best SME Bank for Sustainable Finance".
Green projects today not only protect the environment but also open up new business opportunities. However, lending to these projects faces many challenges, prompting banks to strive to meet the capital needs.
To date, the credit market has recorded impressive growth, exceeding 6.9% compared to last year. This shows that banks are actively pushing capital into production and business.
Digital transformation has become a dominant trend in the banking industry. Most banks have now adopted digital ecosystems, with over 90% of transactions being conducted through digital channels, contributing significantly to operational efficiency.
Commercial banks are expecting to have higher credit growth limits in Q2 2022 as they have already used up most of their assigned quota this year.
In the digital age, the banking industry needs to undergo digital transformation to drive development and improve customer experience. This transformation brings safety and efficiency while shaping the future direction of financial services.