Vietnam banks to soon complete Basel III international standards

A transaction office of Orient Commercial Joint Stock Bank in Hanoi. OCB is focusing on implementing higher international standards of Basel III and expects to complete by the end of this year. - VNA/VNS

HANOI (Vietnam News/Asia News Network) Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.

Orient Commercial Joint Stock Bank (OCB) recently said it was focusing on implementing higher international standards of Basel III and expected to complete it by the end of this year.