The State Bank of Vietnam published an interview with Peter Verhoeven, a member of Anax Invest’s leadership team, on the practical requirements and challenges of moving Vietnamese banks toward Basel III alongside IFRS 9. The interview frames Basel III as more than international compliance, focusing on higher capital strength, stronger risk resilience and greater transparency, with a call for closer and more stringent supervisory oversight during implementation. Verhoeven argues that meeting Basel III capital adequacy expectations will require banks to strengthen balance sheets and governance, and highlights three elements for capital and resilience: additional contributions from existing shareholders, increased participation by foreign investors via strategic stakes, and tighter internal controls with more active credit portfolio management. He links IFRS 9 to earlier and more forward-looking provisioning, and notes that effective rollout of Pillar 3 disclosures and internal ratings-based (IRB) approaches depends on robust internal data, experienced analytical capabilities and disciplined management reporting, including support for ICAAP. The interview also notes that the transition cannot be completed quickly and may create short-term friction for credit growth as banks adjust systems and raise capital.
State Bank of Vietnam 2025-05-06
State Bank of Vietnam publishes expert interview on Basel III and IFRS 9 implementation and bank capital needs
The State Bank of Vietnam published an interview with Peter Verhoeven of Anax Invest on implementing Basel III and IFRS 9 in Vietnamese banks. Verhoeven emphasizes stronger balance sheets, governance, and oversight, highlighting shareholder contributions, foreign investment, and tighter controls as key to capital resilience. He notes IFRS 9 requires forward-looking provisioning and that the transition may temporarily impact credit growth.