Saturday, 16/08/2025
   

22 credit institutions successfully deploy VNeID for authentication

To date, twenty two credit institutions and 13 payment intermediaries have successfully deployed VNeID app for authentication of payment account opening, payment transactions and customer information verification.
22 credit institutions successfully deploy VNeID for authentication
Twenty-two credit institutions and 13 payment intermediaries have successfully deployed VNeID app for authentication of payment account opening, payment transactions and customer information verification.

Twenty-two credit institutions and 13 payment intermediaries have successfully deployed the VNeID app for authentication of payment account opening, payment transactions and customer information verification, a conference held by the Ministry of Public Security and the State Bank of Việt Nam on Tuesday in Hà Nội has been told.

Among them, the Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) is the first bank to successfully deploy VNeID with more than 600,000 account records.

There have been 276.3 million customer records collected for comparison of biometric information with chip-mounted citizen identification cards.

Stressing the importance of the Government’s project on developing an application for population database, digital identification and authentication for the national digital transformation from 2022-25 with a vision to 2030 (Project 06), Governor of the State Bank of Việt Nam Nguyễn Thị Hồng said that banking is among the first industries to connect to the electronic identification and authentication system to deploy VNeID.

Hồng said that the banking sector has coordinated with the Police Department for Administrative Management of Social Order in cleaning the national population data and completed the development of an information system to serve the State management in terms of money laundering prevention.

To date, six credit institutions also completed the connection of social security accounts to banking accounts which help people receive subsidies from the Government more quickly.

  • Việt Nam banks on bigger loans to lift lending limit

    Việt Nam banks on bigger loans to lift lending limit

    Việt Nam Banking Association has proposed consumer lending limit of finance companies from VNĐ100 million (US$3,800) to VNĐ300-400 million in an effort to expand consumer credit.

  • Upbit and MBBank to launch Việt Nam’s first digital trading platform

    Upbit and MBBank to launch Việt Nam’s first digital trading platform

    In a landmark move for Việt Nam’s digital economy, South Korea’s top cryptocurrency exchange operator, Dunamu, has teamed up with Military Commercial Joint Stock Bank (MB) to launch the country’s first locally operated digital asset trading platform

  • Banks accelerate lending as real estate, stock markets attract capital

    Banks accelerate lending as real estate, stock markets attract capital

    The banking system's credit growth reached about 10 per cent after seven months, significantly higher than the 6 per cent recorded in the same period in 2024, according to the State Bank of Vietnam (SBV).

  • Promoting factoring services in Vietnam

    Promoting factoring services in Vietnam

    On August 12, 2025, in Hanoi, the Vietnam Banks Association (VNBA) and the International Finance Corporation (IFC) jointly organized the "Policy Dialogue on Factoring Business in Vietnam". This event provided a comprehensive picture of the current status of factoring activities in Vietnam, while also pointing out the difficulties, challenges as well as the great development potential of this market.

  • Shinhan Bank Vietnam accompanies households in business transformation

    Shinhan Bank Vietnam accompanies households in business transformation

    Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) successfully organized the event “Shinhan Bank Vietnam – Supporting Business Households”, in response to Resolution 68-NQ/TW and Resolution 198/2025/QH15 on the strategy for private economic development, as well as to accompany business households in implementing Decree 70/2025/ND-CP through comprehensive financial solutions. The event took place at the Bank’s Head Office, attracting over 150 business households from Ho Chi Minh City.

  • Standard Chartered fuels Việt Nam’s net-zero path

    Standard Chartered fuels Việt Nam’s net-zero path

    Standard Chartered, a major international bank with a strong presence in Việt Nam, is helping bridge the financing and advisory gap for this transition.

  • SBV issues Circular on microfinance institutions' operational network

    SBV issues Circular on microfinance institutions' operational network

    HANOI – July [Day], 2025 – The Governor of the State Bank of Vietnam (SBV) signed and issued Circular No. 19/2025/TT-NHNN on July 31, 2025. This circular regulates the operational network of microfinance institutions.

  • Banks focus on increasing charter capital in second half of year

    Banks focus on increasing charter capital in second half of year

    To boost capital, banks are issuing dividend stocks, making private placements, and selling shares to foreign investors.

  • FinDev Canada, SMBC and JICA  pledge $215 million to HDBank

    FinDev Canada, SMBC and JICA pledge $215 million to HDBank

    Canada's bilateral Development Finance Institution, FinDev Canada, Sumitomo Mitsui Banking Corporation (SMBC), and the Japan International Cooperation Agency (JICA) on August 2 announced the signing of a $215 million syndicated loan facility for HDBank.

  • SBV pushes rate cuts to support economic growth

    SBV pushes rate cuts to support economic growth

    At a conference held on August 4, 2025 in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability.

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation