All banks in the country have to adopt the standard version of Basel II and then switch to the advanced version by 2025. — Photo baokiemtoannhanuoc.vn In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy. Also, by 2025 all banks in the country have to adopt the standard version of Basel II and then switch to the advanced version. Basel II is the second edition of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on banking supervision. It comprises minimum capital requirements, supervisory review and market discipline to enhance competition and transparency in the banking system and make banks more resistant to market changes. Basel II requires banks to have a capital adequacy ratio (CAR) of at least 8 per cent. However, the SBV has allowed 10 banks to adopt Basel II standards earlier than the 2020 deadline. They are Joint Stock … [Read more...] about Basel II deadline rapidly approaching, are banks on course to meet norms?
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Poor urban development planning and the intentional adjustment of development plans to serve certain interest groups will affect development of physical spaces for many generations. A report from the National Assembly shows that 1,400 development plans have been adjusted one to six times, and the adjustments are made to increase benefits for investors, reduce spaces for public interest, and ignore people’s interests. This is very worrying. HCM City The continuous adjustments of hundreds and thousands of urban development programs cause social damage and loss of trillions of dong to the State. But most importantly, the status of planning projects, or adjustment of planning by "speculation", "going to night" or "collusion", creates negative public opinion. Hanoi is jampacked Prime Minister Nguyen Xuan Phuc has asked to urgently address the issues related to urban area programming in the capital city. A report from the National Assembly shows that 1,400 development … [Read more...] about Hanoi, HCM City pay heavy price for poor planning
FIGHTER: Nyamaa Dolgorsuren practises with her coach Battulga Nasankhuu. — Photo courtesy of CNCF Mongolia By Việt Dũng and Paul Kennedy HCM CITY — She may be a lean, mean fighting machine, but this teenage martial art star faced her biggest battle outside the ring. As a child, Nyamaa Dolgorsuren was raised on the streets of Ulaanbaatar in Mongolia with her younger sister. Life was tough for the two siblings and there seemed little light at the end of the tunnel. That was until they were rescued by the Christina Noble Children’s Foundation (CNCF). “They came from a very, very abusive background and a very sad situation,” said Helenita Noble, CEO of the foundation. “Nyamaa especially was angry, she was provoked very easily. She was on her guard all the time because she had lost faith and she had lost trust in the world around her, … [Read more...] about A long journey to success
Bắc Kim Thang and Cha Ma are two upcoming horror films. Photo courtesy of thanhnien.vn Young director Trần Hữu Tấn, who is making a psychological thriller inspired by a Vietnamese folk song called Bắc Kim Thang has sparked excitement among horror film enthusiasts. Similar to other countries, Việt Nam has its signature folk stories, songs and poems that are popular among horror filmmakers. With his new film, Tấn hopes that it will become a shining example for the horror genre in Việt Nam. “When it comes to horror movies from Thailand, South Korea and the US, audiences instantly picture how those plots are going to be,” he said. “Since the Vietnamese horror genre has yet to stand out, my team and I hope to create signature, mysterious images that can’t be mistaken with foreign horror movies,” he added. … [Read more...] about Maker of horror movies has local focus