Vietcombank pioneers early registration to apply Circular 14/2025/TT-NHNN

This decision demonstrates Vietcombank 's initiative and readiness in risk management in particular and towards international standards and practices in general. If Circular 41/2016 laid the foundation for the application of Basel II in Vietnam, Circular 14/2025 is a systematic step for banks to apply Basel III, thereby improving risk management standards and affirming their position in the regional and international markets.

By reflecting customer risks more accurately and standardizing data, banks can build effective credit policies and risk management, supporting more appropriate business decisions. However, the application of this circular also poses significant challenges for banks, especially the pressure to increase capital, update data, large investment costs and improve credit portfolio management capacity to meet stricter capital adequacy ratio (CAR) requirements.

Vietcombank has pioneered in registering to apply both the standard method (SA) and the internal rating method (IRB) of Circular 14/2025/TT-NHNN. Photo: VC

The difference of Vietcombank is that the bank has proactively researched and prepared the necessary capacity to implement Basel III. Through a methodical and practical implementation process, with the support of leading risk management consultants, Vietcombank has built a solid foundation of data, processes and professional capacity to implement advanced risk management methods according to Basel standards.

With careful preparation and clear strategic orientation, Vietcombank's decision to register for early application of Circular 14/2025 once again emphasizes its commitment and position as the leading risk management bank in Vietnam; at the same time, affirms its pioneering and standard-setting role in the Vietnamese financial system. Vietcombank believes that it will not only successfully meet Basel III, but also effectively apply international standards to increase competitiveness, creating sustainable value for customers, shareholders and the economy .

Vietcombank was established and officially put into operation on April 1, 1963. After more than 62 years of development, Vietcombank has always maintained its role as a key bank in the banking system in Vietnam, making important contributions to the development of the country's economy.

In the field of risk management, Vietcombank is the first bank approved by the State Bank of Vietnam to apply Circular 41/2016/TT-NHNN regulating capital adequacy ratio for banks and foreign bank branches (equivalent to Basel II standards) - 1 year before the effective date. The bank is also honored to be awarded the Best Risk Management Bank in Vietnam, Risk Management Initiative of the Year, etc. by prestigious international organizations such as Asian Banking & Finance, International Finance Magazine, etc. many times.

Source: https://daibieunhandan.vn/vietcombank-tien-phong-dang-ky-ap-dung-som-thong-tu-14-2025-tt-nhnn-10388732.html