Competition growing in banking sector

As Vietnam is going to enjoy WTO membership very soon, the public pay more and more attention to the country’s commitments to service market access and competition in the financial and banking sector as well.

Commercial banks record high profits in first six months

Most of Vietnam's commercial banks reported impressive operating profits in the first six months of 2006, fulfilling 65-75 percent of the year's target.

Viet Nam’s First Credit Rating Service Approved

The State Bank of Viet Nam (SBV) has allowed its Credit Information Center (CIC) to begin providing business credit rating services. Accordingly, CIC will analyze and rate business credits in order to improve risk management within the banking system and properly assess the financial situations of enterprises.