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    SBV Issues Multiple Updates for Financial Sector Entities

    The State Bank of Vietnam (SBV) issued a statement on the Memorandum of Understanding (MoU) on green finance between the Ministry of Natural Resources and Environment and the Joint Stock Commercial Bank for Investment and Development of Vietnam. In addition, SBV also published a draft circular on statistical reporting regime and notified about a seminar on Basel standards.

    Below are the key highlights of these recent updates:

    • The Ministry of Natural Resources and Environment and the Joint Stock Commercial Bank for Investment and Development of Vietnam signed an MoU to promote green finance, environmental protection, and effective response to climate change risk. The MoU aims to assist businesses in accessing bank capital, attracting investment capital flows for climate change response, transforming low-carbon economic models and projects as well as the energy conversion project, for the sustainable development of the country.
    • SBV is requesting feedback on a draft circular that sets out statistical reporting regime applicable to credit institutions and foreign bank branches. Appendices I to IV of the draft circular include statistical reporting forms and related instructions.
    • SBV held a Seminar on experience in implementation of Basel II standards and moving toward Basel III, with the purpose of improving the capabilities of understanding and managing credit and operational risks.

     

    Related Links (in Vietnamese)


    Keywords: Asia Pacific, Vietnam, Banking, Green Finance, Climate Change Risk, ESG, Sustainable Finance, Statistical Reporting, Reporting, Basel, Credit Risk, Operational Risk, SBV

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