Deputy Prime Minister Vuong Dinh Hue (Photo: cafef.vn)
Hanoi (VNS/VNA) - The Government has finally♕ announced a roadmap to increasecharter෴ capital for large State-owned banks in the first quarter of this year.
During a working visit toMilitary Bank after the Lunar New Year holiday, Deputy Prime Minister Vuong Dinh Hue said that the Government would increasecharter capital by 10 trillion VND (429 million USD) for Vietcombank and Vietinbank in Q1 2020. As for Agribank, all itsprofit in 2020 will be used to increase capital instead of contributing to theState budget. It was the first time theGovernment detailed a roadmap for the banks’ capital hike since 2016 when thebanks asked for the increase. The State Bank of Vietnam (SBV), on behalf of the State,currently holds 74.8 percent of capital in Vietcombank and 64.46 percent inVietinbank. Meanwhile, fully State-ownedlender Agribank is preparing to launch its IPO in the near future. If getting the funding rightin this quarter, the three banks could better meet Basel II standards this yearas required by the SBV as well as be qualified to expand credit to supportthe country’s economic growth. The banks are under greatpressure to hike capital to satisfy Basel II standards, which arerecommendations on banking laws and regulations issued by the Basel Committeeon Banking Supervision. Under the SBV’s regulations,banks must maintain a capital adequacy ratio (CAR) of at least 8 percent as perBasel II norms starting in 2020. The CAR of State-owned banks will fail toreach the minimum level set by the SBV if they fail to increase capital. Raising capital has been astruggle for Vietnamese banks in recent years. For example, Vietinbank - thefourth largest listed bank - has seen its capital remain unchanged since 2014at 37.23 trillion VND. Earlier, Fitch Ratingsestimated the Vietnamese banking system could face a capital shortfall ofalmost 20 billion USD,equal to 9 percent of GDP, to meet Basel II and increase allowance coverage toa level that reflects underlying asset-quality problems. Many local banks also issueda large amount of bonds to raise capital last year. The latest reportfrom Saigon Securities Incorporation (SSI) showed that banks issued bonds worth94 trillion VND in the first eleven months of 2019. The issuance made banks the main player inthe corporate bond market in the period, accounting for 45.5 percent of themarket’s total bond value./.
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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.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Deputy Prime Minister Vuong Dinh Hue (Photo: cafef.vn) 
