Gov’t promotes M&A in banking sector for higher competitiveness
The main objective of the project is to ensure all banks adopting the Basel II standards have a capital adequacy ratio (CAR) of at least 10-11% by 2023, and eventually to 11-12% by 2025.
11:24, 2022/03/28
Vietnamese Gov’t extends resolution on pilot bad debt settlement
As of November 30, 2021, total bad debts according to criteria set out in resolution No.42 were estimated at VND420 trillion ($18.4 billion), down 15.74% against August 14, 2017, the date the resolution No.42 became effective.