Hanoi (VNA) - The Southeast AsiaCommercial Joint Stock Bank (SeABank) said it has completed the second pillar of Basel II standards, which issupervisory review.
Together with therealisation of the first and third pillars of Basel II - minimum capitalrequirements and market discipline - last October, SeABank becomes the fifthbank in Vietnam to complete all three pillars.
Basel II is the secondedition of the Basel Accords, which are recommendations on banking law andregulations issued by the Basel Committee on banking supervision. It aims toenhance competition and transparency in the banking system and make banks moreresistant to market changes.
Under the second pillar, a bank must have anInternal Capital Adequacy Assessment Process (ICAAP) in place. It must conductperiodic internal capital adequacy assessments in accordance with its riskprofile and determine a strategy for maintaining the necessary capital level.
The four other banks thatcompleted the three pillars are the Vietnam International Commercial JointStock Bank (VIB), the Tien Phong Commercial Joint Stock Bank (TPBank), the VietnamProperty Joint Stock Commercial Bank (VPBank), and the Vietnam Maritime CommercialJoint Stock Bank (MSB)./.
Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up the process to meet the State Bank of Vietnam (SBV)’s deadline this year.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has set a pre-tax profit target of 13 trillion VND (558.8 million USD) in 2020, just 1 percent higher than the figure last year.
Vietnam’s largest bank Vietcombank will not lower lending standards in the post-pandemic stage to keep capital healthy in 2020, chairman Nghiem Xuan Thanh has said.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Photo: VNA) 
