Banks to raise capital to meet Basel II standards

HA NOI  (VNS)  — Large local banks, which are chosen by the State Bank of Viet Nam (SBV) to apply Basel II governance standards, are trying to increase capital to meet the standards. Under the SBV’s plan, ten commercial banks will officially apply international bank management standards in accordance with Basel II governance standards from this month.

The selected banks are the biggest and most prestigious ones in Viet Nam, and they include the Bank for Investment and Development of Viet Nam (BIDV), Viet Nam Bank for Industry and Trade (VietinBank), Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank), and Viet Nam Technological and Commercial Joint Stock Bank (Techcombank), in addition to Southeast Asia Commercial Joint Stock Bank (ACB), Viet Nam Prosperity Bank (VPBank), Military Commercial Joint Stock Bank (MB), and Maritime Bank. The other banks were Sacombank and Viet Nam International Commercial Joint Stock Bank (VIB).

 

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