Blockchain and the future of the banking system
Blockchain technology will drastically change the future of the banking and finance industry by bringing a host of benefits in development.
Topic: Banking industry
VDSC sees prospects for banking industry growth in second half
Viet Dragon Securities Company believes the current situation in the banking industry provides a basis for further development.
Bank stocks reacting positively to increases in charter capital
Banks have been permitted to increase their charter capital and this has had a positive impact on the banking industry in general and banking stocks in particular.
SBV Governor issues tough message on credit growth limit
The Governor of the State Bank of Vietnam, Nguyen Thi Hong, issued a tough message on August 11 about the credit growth limit and stabilizing the macro-economy. She also said the SBV and the banking industry in general share the difficulties facing businesses and there are many policies in place to exempt and reduce interest rates and fees for businesses and individuals, totaling about VND50 trillion ($2.17 billion).
PM outlines six tasks for banking industry
On August 4, addressing a gathering for “Banking Industry Digital Transformation Day”, Prime Minister Pham Minh Chinh set six tasks for the industry in digital transformation, including building, testing, and applying a new legal framework for financial technology development; stepping up investment in and the development of shared infrastructure; promoting international cooperation; and receiving new technologies.
SSI Research: Bank stocks a good investment
Latest update on the banking industry outlook from SSI Research notes both pros and cons.
SSI: Covid-19-related debt restructuring not a concern
According to the SSI Securities Company, outstanding loans for Covid-19 restructuring are falling and large banks have made adequate provisions for such debts. Therefore, debt restructuring due to Covid-19 is not overly concerning, but risks to the banking sector may actually come from loans relating to real estate and corporate bonds.
Better times ahead for banking industry
In a recent publication from Vietnam Report, many analysts participating in a survey said the “shadow” cast by the pandemic has receded and largely given way to a brighter picture being seen in the banking industry over the course of the second half of 2022. Respondents, however, also pointed to a series of “gray areas” that the banking industry must pay attention to.