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SBV raises 2025 credit growth quota to support economic expansion

The State Bank of Vietnam (SBV) on Thursday announced that it has raised the credit growth target for commercial banks to support economic growth amid controlled inflation, in line with the Government’s directives.

Efforts urged to promote cashless payment

Relevant authorities are requested to swiftly implement measures to encourage non-cash transactions, enhance direction and guidance, and conduct widespread communication campaigns to promote cashless payments.

Banks in northern Vietnam suspend operations as Typhoon Wipha nears

Multiple banks temporarily close branches in Hai Phong, Quang Ninh, and other provinces due to storm impact.

Vietnam audit reveals financial sector’s cracks: Bad debts and poor returns

The State Audit of Vietnam has released its consolidated 2024 report, spotlighting multiple irregularities and inefficiencies across financial and banking institutions.

Vietnam banks reveal soaring H1 profits, NCB leads surge

A strong first half for Vietnamese banks with NCB’s remarkable growth and steady advances from state-run lenders.

Vietnam eyes credit quota removal to spark banking sector reform

The Vietnamese government is determined to achieve a GDP growth rate of 8% or higher this year, laying the groundwork for double-digit growth in the near future. Bank credit remains a vital channel for capital flow in this drive.

Vietnam’s credit conditions to remain stable in H2

Vietnam’s credit conditions will remain stable in the second half of 2025, supported by proactive fiscal measures and ongoing institutional reforms, according to analysts of the Vietnam Investors Service (VIS) Rating, an affiliate of Moody’s.

Central bank to assess compliance of banks in risk management

The State Bank of Vietnam (SBV) will deploy monitoring measures and tools to assess the compliance of commercial banks in implementing requirements related to risk management, especially compliance with Basel III international banking standards,.

More than 86 million bank accounts to be terminated from September 1

More than 86 million bank accounts that have not been biometrically authenticated or have been 'frozen' for a long time will be deleted starting September 1 to prevent fraud and cybercrime.

Vietnam’s digital banking race hinges on 750,000 tech hires

Vietnam’s banks face a looming tech talent crunch as demand for AI and fintech skills soars.

Small banks forecast to lead growth in H2

The small-sized banking group is expected to have the strongest growth rate of up to 35% thanks to boosting real estate credit from a low base and starting to accelerate bad debt handling.

With support from AI, banks slash disbursement time for loans

Around 97 percent of small and micro enterprises in the past could not access unsecured bank loans, but now banks are using AI to approve loan proposals more quickly.

Many banks accelerate plans to list shares on HoSE

The trend of moving to HoSE is expected to help banks improve transparency, expand fundraising opportunities, and affirm their position in the capital market.

Bank to sell 28 Hoi An properties linked to tourism sector debts

A series of historic properties in Hoi An Old Town are being auctioned by Agribank in an effort to recover bad debts tied to interconnected businesses.

Eximbank appoints new vice chair and acting CEO

Pham Thi Huyen Trang becomes vice chair, while Tran Tan Loc steps in as acting CEO amid leadership changes.

Three major changes coming to Vietnam's banking sector on July 1

From July 1, Vietnam's banks will require biometric verification and phase out magnetic cards.

TPBank reshuffles leadership, relieves two deputy CEOs

Tien Phong Commercial Joint Stock Bank (TPBank) has announced a senior management restructuring within its Executive Board, effective June 26.

Bank dollar price exceeds VND26,300, the highest ever recorded

The official dollar prices saw a sharp increase on June 24, setting a new record. The dollar prices quoted by banks also reached unprecedented levels, surpassing VND26,300/USD for the selling rate.

Inactive bank accounts to be closed in September to combat fraud

About 86 million bank accounts have been identified as inactive and will be closed in September once a legal framework is established to prevent fraud and scams.

Credit booms, public investment stalls: Can Vietnam sustain high growth?

Vietnam’s aggressive credit expansion is clashing with slow public spending and poses systemic risks without policy alignment.