On May 28, the State Bank Inspectorate announced the inspection conclusion at Vikki One Member Limited Liability Bank (Vikki Bank).
Previously, implementing Inspection Decision No. 48/QD-TTNH4 dated May 23, 2025, the State Bank of Vietnam (SBV) Inspectorate issued Inspection Conclusion No. 18/KL-TTNH4 for Vikki Bank for the inspection period from December 31, 2015 to January 17, 2025.
Recognizing efforts to stabilize the system in a difficult period
During the inspection period, the Board of Directors, Supervisory Board and Executive Board of Vikki Bank led operations to achieve many results in management and administration, contributing to maintaining stability of the situation, ensuring liquidity and preventing the risk of system collapse.
The bank has handled and recovered bad debts with relatively large amounts, helping to stabilize liquidity and reduce losses. At the same time, the organizational structure has been rearranged in a streamlined direction and operating procedures have been reviewed and re-issued in accordance with reality.
Series of shortcomings, violations and remedial requests from inspection agencies
However, the inspection conclusion also pointed out violations and shortcomings at the bank.
Regarding administrative violations, the SBV Inspectorate issued a decision to sanction acts related to credit granting activities, asset classification, issuance of internal regulations and compliance with the reporting regime, Vikki Bank fully paid the fine on September 29, 2025.
In addition, the bank also has limitations in governance, risk management, appraisal and credit granting, post-lending inspection, accounting compliance and bad debt handling.
The causes of these shortcomings and violations include both objective and subjective factors. Objectively, the bank is heavily affected by the case related to former General Director Tran Phuong Binh, the state of special control since 2015, the impact of the COVID-19 pandemic, the frozen real estate market and interest rate fluctuations. Subjectively, management, internal control and risk management are still limited, and the role of management levels has not been effective.
With 21 recommendations, the SBV Inspectorate requested the Member Council, Supervisory Board and Executive Board of Vikki Bank to review and rectify management and administration work, determine responsibilities for relevant collectives and individuals, and develop a plan to overcome the violations and shortcomings stated in the conclusion.
