On May 8th, 2018, the Forum on the Banking Overview 2018 was held in Hanoi with the theme of "Banking 2018: Towards Sustainable Development". The Forum was co-organized by the State Bank of Vietnam (SBV) and the Saigon Economic Times.
SBV Deputy Governor Nguyen Kim Anh delivers the opening speech
Among the participants at the Forum there were Deputy Governor Nguyen Kim Anh of the State Bank of Vietnam (SBV), Leaders of the Office of the Government, representatives of the SBV Departments and several relevant government ministries/agencies. Especially, the Forum also welcomed a number of National Assembly Deputies, representatives of the commercial banks and the international financial institutions, banking/financial experts, securities companies and businesses.
Overview of the Forum
The Forum reviewed the successes in the monetary policy management, which has contributed to curbing the inflation, stabilizing the macro-economy and promoting growth; the important results in restructuring the banking sector and dealing with bad debts, especially after the 14th National Assembly passed the Law Amending and Supplementing a Number of Articles of the Law on Credit Institutions, and Resolution No. 42 on pilot settlement of bad debts of credit institutions; in promoting non-cash payment; in addressing security and safety issues in payment operations and the application of the achievements of the Industrial Revolution 4.0 to the development of the banking technologies in Vietnam.
In addition, the Forum analyzed the opportunities, challenges and expectations of the Banking sector in 2018 and in the following years. The Forum also provided useful information, in-depth analysis of the monetary policy management, the banking sector restructuring, and the payment operations, policy recommendations and solutions for the regulatory authorities, the commercial banks, the investors, the shareholders and for the whole business community.
The Forum consisted of three sessions discussing three major topics: (i) Monetary policy and appropriate options in the current context; Orientations for the Monetary Policy from now until the end of 2018; (ii) Review on the process of restructuring of the banking system; Orientations and solutions to boost the banking system's restructuring in the coming time; Results after one year implementing Resolution No.42 of the National Assembly on bad debt handling; (iii) Measures to strengthen security in payment operations and promoting non-cash payment.
VA