Tag: MG7
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Banking Policy 2025 (Part 1): Amendments and Additions to the Credit Institutions Law
The amended Law on Credit Institutions 2025, effective October 15, 2025, officially grants credit institutions the right to seize collateral for non-performing loans under strict conditions, while repealing certain provisions related to special lending, recovery schemes, and compulsory transfers to streamline processes.
Upcoming Steel Industry Newcomer Set to Join UPCoM
The Hanoi Stock Exchange (HNX) has approved the listing of 24.5 million shares of VLS, issued by Viet Long Steel Production JSC, on the UPCoM market starting December 15th. The reference price is set at 10,100 VND per share, valuing the company at approximately 247.5 billion VND.
Sacombank’s Credit Rating Upgraded by Moody’s – A Testament to Growing Financial Strength
Sacombank has recently received a significant upgrade from Moody’s, a leading credit rating agency, across multiple key metrics. This milestone underscores the bank’s remarkable progress in its restructuring strategy and internal strengthening efforts. Recognized as one of the most positive assessments in years, it highlights Sacombank’s enhanced financial resilience and its promising trajectory for sustainable growth.
