Customers are served at Shinhan Bank in Hoan Kiem District, Ha Noi. Experts discussed ways to improve risk management and supervision in the local banking system. — VNA/VNS Photo Tran Viet HA NOI (Biz Hub) — Poor management of risks and weak supervision of banks were the roots of the largest problems that Viet Nam's banking system is facing, experts said during a workshop. The conference was held late last week, and sponsored by the National Economics University's School of Banking and Finance. Speaking at the workshop, entitled "Improving institutions for the sustainable development of Viet Nam's banking system in the period 2016-20", Do Thi Kim Hao, deputy director of the Banking Academy, said that recent incidents related to banks were mostly due to poorly-performing supervisory and auditing systems. This reality indicated that bank restructuring in the 2011-15 period did not achieve the expected results, she said. Banking activities were potentially risky because of … [Read more...] about Banks’ risk management still lacking
Risk management banking
Banks lack social risk management
The Hanoitimes - Many banks operating in Vietnam have lacked official policies and systems to manage environmental and social risks of their customers, according to a recent survey. The survey was conducted in June at 54 credit organisations operating in Vietnam by the International Financial Corporation (IFC) in Vietnam and the State Bank of Vietnam (SBV).It showed that one of the main obstacles to initiating policies on social and environmental risk is the lack of the sector’s specific guidance on environmental and social risk management in credit activities.Almost all of the banks needed to apply better norms on environmental and social risk assessment for businesses’ loans to improve sustainability of projects, it said.According to Simon Andrews, IMF Regional Manager in Vietnam, Cambodia, Laos and Thailand, managing sustainable development of environment and social issues will bring new business opportunities to banks, such as support for energy … [Read more...] about Banks lack social risk management
Banks in Vietnam urged to improve risk management
(VOVworld)- According to a survey, almost every bank operating in Vietnam lacks official policies and systems to manage environmental and social risks for their customers. The survey was conducted in June at 54 credit organisations operating in Vietnam by the International Financial Corporation (IFC) in Vietnam and the State Bank of Vietnam (SBV). Simon Andrews, IMF Regional Manager in Vietnam, Cambodia, Laos and Thailand, says managing sustainable development of environment and social issues will bring new business opportunities to banks, such as support for energy saving and recycled energy. Cat Quang Duong of the SBV said that the central bank is willing to cooperate with the IFC to promote the sector’s environmental and social risk management. Cooperating with the SBV to improve environmental and social risk management in the banking sector is one activity in the IFC’s advisory service program to promote sustainable growth in Vietnam. … [Read more...] about Banks in Vietnam urged to improve risk management
Risk Management by Insurance
Risk Management by Insurance "Risk management by insurance will help exporters reduce the damage and encourage them to boldly develop new markets and increase the ability to exploit the old market,” confirmed Mr Phung Khac Loc, General Secretary of Vietnam Insurance Association at the workshop "Risk Management by insurance for Vietnam enterprises with import and export activities in the context of international integration" organised by Chartis Vietnam, Vietnam Chamber of Commerce and Industry (VCCI ) and Insurance Association in Hanoi. According to Ms Pham Thi Thu Hang, General Secretary of VCCI, export performance in recent years has grown relatively by around 18-20 percent, contributing significantly to socio-economic development. Particularly in 2011, export turnover of Vietnam increased by over 33 percent against the previous year, reaching more than US$96.3 billion. However, according to Ms Hang, increased production activities will result in bigger and unexpected … [Read more...] about Risk Management by Insurance
“Debt Management & Risk Management” Training Programme
"Debt Management & Risk Management" Training Programme On May 14, 2013 at the Grand Plaza Hanoi Hotel, in the framework of Banking Vietnam event, the IDG Leadership Academy organised a training programme on "debt management & risk management". The programme aimed to create a discussion and sharing on effective debt management and risk management for domestic and international experts and leaders of banks and companies. The programme focused on three main panel topics: Debts and risks under the perspective of US businesses; leaders in crisis time; successful applications in credit risk management, debt monitoring and bad debt controlling. Speakers were from IDG Leadership Academy and the World Bank, etc. Thu Ha more news … [Read more...] about “Debt Management & Risk Management” Training Programme