On 18/8, Viet A Commercial Joint Stock Bank (VietABank) signed and launched the project "Implementing transformation actions according to Circular 14/2025/TT-NHNN and Circular 83/2025/TT-NHNN", in collaboration with KPMG Tax and Consulting Limited Company.
The project focuses on three main groups: enhancing capital governance capabilities, optimizing data, and refining the risk model system. These are crucial components in upgrading governance capabilities, progressively aligning with Basel III standards.
New requirements will be implemented incrementally, including risk data management, model risk management, stress testing for specific risk types, and interest rate risk management on the banking book. These necessitate credit institutions to simultaneously upgrade data, technology systems, measurement tools, and governance capabilities.
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Representatives from both entities attended the signing ceremony on 18/8. Photo: VietABank |
Under the partnership, KPMG will provide methodological consultation, support in developing tools, refine policies and processes, and deliver training and knowledge transfer to relevant units at VietABank.
The project is being implemented as demands for capital safety, risk management, and internal control within the banking system are increasing.
Circular 14/2025/TT-NHNN specifies capital adequacy ratios for commercial banks and foreign bank branches. Circular 83/2025/TT-NHNN focuses on internal control systems. These two regulations provide a framework for banks to strengthen their governance, measurement, and risk control capabilities.
According to VietABank, implementing these two circulars not only ensures compliance but also offers an opportunity for the bank to review and strengthen its existing governance foundations.
Le Hong Phuong, a member of VietABank's Board of Directors, stated that the bank prioritizes growth alongside safety and efficiency amidst rising demands for governance, capital, and internal control.
"Strengthening our governance foundation helps the bank enhance its ability to identify, measure, and control risks, thereby enabling more proactive business decisions", Phuong said.
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A VietABank representative speaking at the partnership signing ceremony. Photo: VietABank |
Bank leadership noted that KPMG's involvement will integrate international consulting expertise with VietABank's data, systems, and operational practices. This ensures that management requirements can be translated into solutions aligned with the bank's development roadmap.
The bank also expects the project to establish a foundation for improving governance quality, increasing risk identification and control capabilities, and supporting a balance between growth, safety, and efficiency objectives in the next phase.
Minh Ngoc
