VIB becomes first local bank to complete Basel II three pillars
Vietnam International Bank (VIB) has become the first bank in Vietnam to complete the three pillars of Basel II, which are minimum capital, supervisory review and market discipline.
VIB's CEO Han Ngoc Vu delivers his speech at the ceremony in Hanoi (Photo courtesy of VIB)
Hanoi (VNA) - VietnamInternational Bank (VIB) has become the first bank in Vietnam to complete thethree pillars of Basel II, which are minimum capital, supervisoryreview and market discipline.
Basel II is the second editionof the Basel Accords, which are recommendations on banking law and regulationsissued by the Basel Committee on banking supervision. It aims to enhancecompetition and transparency in the banking system and make banks more resistantto market changes.
During an recent announcementceremony in Hanoi, Tran Dang Phi from the State Bank of Vietnam (SBV) said hebelieved VIB's completion of Basel II pillars marks an important foundation forthe bank, supporting safer and more efficient business activities.
VIB has embarked on the BaselII journey since early 2018 and became one of the first banks in Vietnam tofully comply with Circular 41 and now Circular 13 before the regulator’sdeadlines.
At the event, the bank’s CEO HanNgoc Vu said VIB considers the implementation of all Basel II threepillars as one of the important tasks in the long-term for the bank's riskmanagement.
The bank posted revenue of morethan 5.87 trillion VND (252 million USD) and pre-tax profit of 2.33 trillionVND (100 million USD) in the past nine months of 2019.
Total assets amounted to nearly176 trillion VND (7.6 billion USD) while the bank’s credit outstanding balancereached 127 trillion VND (5.5 billion USD).
Non-performing loans decreasedto 1.78 percent as of September 30 from 2.24 percent at the beginning of thisyear. Its equity saw a yearly increase 17 percent to 12.5 trillion VND (539million USD), of which charter capital topped 9.24 trillion VND (398.5 millionUSD), up 18 percent year-on-year./.
Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 percent per year with the aim of mobilising long-term capital.
A ceremony for the Vietnam Outstanding Banking Awards 2019 was held in Ho Chi Minh City on November 27 by the Vietnam Banks Association and the International Data Group (IDG).
Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
VIB's CEO Han Ngoc Vu delivers his speech at the ceremony in Hanoi (Photo courtesy of VIB) 
