Want to be in the loop?
subscribe to
our notification
Business News
CIRCULAR ON RATING CREDIT INSTITUTIONS, FOREIGN BANK BRANCHES ISSUED
The State Bank of Viet Nam issued Circular No. 52/2018/TT-NHNN on rating credit institutions and foreign bank branches from 2019 onward.Credit institutions and foreign bank branches are divided into six groups including (1) large-scale commercial banks with a quarterly average asset value exceeding VND100 trillion; (2) small sized commercial banks with a quarterly average asset value equal to or lower than VND100 trillion.
Other groups consist of (3) foreign bank branches, (4) financial companies, (5) financial leasing companies and (6) co-operative banks.
Based on their scores across the indicators, credit institutions and foreign bank branches are classified into one of the five categories, including Good (A), Fair (B), Medium (C), Poor (D), or Very Poor (E).
Criteria system for rating credit institutions and foreign bank branches includes capital, asset quality, management, liquidity and earnings and sensitivity to market risks.
The Circular takes effect since April 1, 2019.
Source: VGP
Related News
GARMENT / TEXTILE
GARMENT, TEXTILE INDUSTRY LOOKS TO AI, ROBOTS TO BOOST COMPETITIVENESS
The textile and garment industry is seeking to accelerate the adoption of artificial intelligence (AI), robotics and automation to improve productivity, meet increasingly stringent international standards and move towards higher value-added production. Đỗ Nam Bình, deputy director of the Industry Agency under the Ministry of Industry and Trade, said textiles and garments remained a strategic sector of the Vietnamese economy with significant contribution to export earnings, job creation and the country’s integration into global supply chains.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN OCTOBER OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
CHARITY / EXHIBITION / OTHER EVENTS
INVITATION | GLOBAL KNOWLEDGE - VIETNAMESE STORIES
The Organizing Committee is pleased to cordially invite you to attend the program “Global Knowledge – Vietnam Stories”, hosted by Thu Dau Mot University, in partnership with Global Vovinam Academy and Vietnam Leadership Institute. The program will feature a Partnership Announcement Ceremony and a Leadership Dialogue under the theme “Forging Vietnam's Next Leaders: Brighter Hearts. Stronger Wills. Deeper Minds."
MEMBER CORNER / PROMOTIONS
FLY TO HONG KONG WITH A USD40 OFFER FROM CATHAY PACIFIC
From familiar sights like the iconic ding ding trams to the breathtaking Victoria Harbour, think you’ve seen it all? Venture beyond the usual to uncover local neighbourhoods, an ever-evolving culinary scene, and vibrant festivals that define this Asia's World City. This November, experience the energy of one of the world’s most unique destinations with Cathay Pacific with promo code FLYTOHK40 for USD40 off on flights to Hong Kong.
GARMENT / TEXTILE
VIETNAM MANUFACTURING GROWTH EASES IN OCTOBER AS EXPORT ORDERS FALL
The S&P Global Vietnam Manufacturing Purchasing Managers' Index ticked up to 52.3 points in October from 51.9 points in September, pointing to a further modest monthly strengthening in the health of the sector at the start of the fourth quarter. Business conditions have now improved in 16 consecutive months. The overall improvement in operating conditions was limited by slower rises in output and new orders.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HUNG YEN BOOSTS INFRASTRUCTURE TO TAP COASTAL GROWTH POTENTIAL
Hung Yen is shaping its development space to connect the northern industrial and urban areas with the coastal economic zone. Under the provincial master plan for the 2021–2030 period, with a vision to 2050, as adjusted under Decision No.579/QD-UBND, the province has established a structure comprising three regions, two corridors, three longitudinal axes, and four horizontal axes.
Events Sponsors
