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Update news banking news
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.
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.
Multiple banks temporarily close branches in Hai Phong, Quang Ninh, and other provinces due to storm impact.
The State Audit of Vietnam has released its consolidated 2024 report, spotlighting multiple irregularities and inefficiencies across financial and banking institutions.
A strong first half for Vietnamese banks with NCB’s remarkable growth and steady advances from state-run lenders.
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 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.
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 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 banks face a looming tech talent crunch as demand for AI and fintech skills soars.
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.
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.
The trend of moving to HoSE is expected to help banks improve transparency, expand fundraising opportunities, and affirm their position in the capital market.
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.
Pham Thi Huyen Trang becomes vice chair, while Tran Tan Loc steps in as acting CEO amid leadership changes.
From July 1, Vietnam's banks will require biometric verification and phase out magnetic cards.
Tien Phong Commercial Joint Stock Bank (TPBank) has announced a senior management restructuring within its Executive Board, effective June 26.
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.
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.
Vietnam’s aggressive credit expansion is clashing with slow public spending and poses systemic risks without policy alignment.