BY 2025, THERE ARE LEAST 1 TO 2 VIETNAM’S COMMERCIAL BANKS BEING AMONG 100 BIGGEST BANKS IN ASIA
On February 19, 2020, the Prime Minister issues the Decision No. 283/QD-TTg on approving the Scheme for the 2020 Plan to restructure the service industry with orientations towards 2025.
Accordingly, the Prime Minister sets goals for 2020. To be specific: Commercial banks will basically acquire self-capital level under Basel II standards, with at least 12 - 15 commercial banks applying Basel II by standard methods; with at least 1 to 2 commercial banks being among 100 biggest banks (in total assets) in Asia. By 2025, the total cash amount on total payment will be under 8%; the bad debt rate of the entire credit institution system will be under 3%...
Regarding to the labor domain, the Prime Minister also sets the targets that the proportion of trained service employees with certificates will approximate 25% by 2020, which will be about 30- 35% by 2025. By 2025, the vocational training will be annually given to about 4.6 million people on average, at least 85% of the trainees will be employed or earn higher productivity and incomes after training; concurrently to raise the educational quality in accordance with the objectives of the program and textbook renewal and industrial revolution 4.0.
This Decision takes effects on the signing date.
