Chủ đề: Banking industry

The performance of Vietnam’s banking industry will improve as Covid-19 gradually passes, according to the latest report from credit ratings agency Moody’s Investors Service. Almost all indicators, such as NIM (net interest margin), CASA (current account savings account), ROA (return on assets), and LDR (loan to deposit rate) of banks will significantly improve this year, it believes.

In a meeting with the Deputy Governor of the State Bank of Vietnam (SBV), Mr. Pham Thanh Ha, Mr. Zafer Mustafaoglu, Director of the World Bank (WB)’s Department of Finance, Competition and Innovation in East Asia - Pacific, affirmed that it stands ready to support the SBV to develop a modern, inclusive, and resilient financial and banking sector, and supports the central bank in digital transformation, perfecting a legal framework on green credit and banking, and joining the Network for Greening the Financial System (NGFS).

SSI Research maintains a positive view of Vietnam’s banking industry in 2022. In the first quarter, the industry posted stable pre-tax profit growth thanks to three factors: strong credit growth, stable net interest margins (NIM), and bad debt and restructured loans being well-controlled. It is expected that pre-tax profit in 2022 will increase 24-25 per cent.

The State Bank of Vietnam (SBV) has decided to establish a steering committee on digital transformation in the banking sector, headed by SBV Governor Nguyen Thi Hong. It will be responsible for promoting the digital transformation process at credit institutions and foreign bank branches, creating the conditions needed for the implementation of Industry 4.0 in the banking sector.