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Environmental risk management in credit granting promoted
Banking & Finance

Environmental risk management in credit granting promoted

Many credit institutions in Vietnam have cooperated with and received technical support from international financial institutions to develop regulations on environmental risk management when granting credit. Green growth and sustainable development have therefore become trends and goals for every country to aspire to, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a seminar on promulgating a Circular guiding environmental risk management in the credit granting activities of credit institutions.
Banking & Finance

Mixed results for brokerages

The share held by stock companies in the brokerage market is no indicator of profit, with some of those possessing a large market share posting small profits and vice-versa. Profit margins are also quite different.
Wage reform funds to be used to fight pandemic

Wage reform funds to be used to fight pandemic

The National Assembly’s Finance and Budget Committee agreed on October 20 with a proposal from the government that spare budget funds reserved for wage reforms be used for anti-pandemic activities, as wage reforms will not be conducted from July 1, 2022 due to the pandemic.
Hanoi collects $7 bln in taxes in 9M

Hanoi collects $7 bln in taxes in 9M

The Hanoi Tax Department’s contribution to State budget revenue totaled VND159.957 trillion ($7.03 billion) in the first nine months of 2021, a 3.8 per cent increase year-on-year. Tax collections have been down in the city over recent months due to Covid-19.
Deposit Insurance of Vietnam reserve at $3.23 bln

Deposit Insurance of Vietnam reserve at $3.23 bln

The professional reserve fund of Deposit Insurance of Vietnam currently stands at VND73.6 trillion ($3.23 billion). It contributes to the safety of the country’s banking and finance sector and is an important financial resource helping the agency better perform its functions and tasks.
Bank deposit rates heading downwards

Bank deposit rates heading downwards

In line with a move that began last month, some banks have shaved their deposit interest rates. ACB is currently offering the highest rate, followed by MSB and LienVietPostBank.
Bancassurance a growth engine for banking

Bancassurance a growth engine for banking

While many banking sector business segments such as credit and foreign exchange are forecast to decline to the end of the year, bancassurance promises to be a growth engine. In the first half of 2021, the proportion of premiums collected from bancassurance out of total insurance premiums stood at 28.8 per cent.
SBV releases administrative reform plan

SBV releases administrative reform plan

The State Bank of Vietnam (SBV)’s administrative reform plan for the 2021-2025 period aims to provide public administrative services online 24/7; digitize 100 per cent of administrative procedures; achieve a level of satisfaction of over 90 per cent among individuals and businesses on handling administrative procedures; and reduce regulations by at least 20 per cent.

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