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Vietnamese banks standing strong although risks remain
Vietnam’s banking sector has been a key facilitator as well as beneficiary of the country’s robust economic growth. We forecast total system outstanding loans to double by the end of this year relative to five years ago. This makes Vietnam the second-largest banking system in ASEAN by assets, ahead of other larger and higher-income economies.
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Dr. Nguyen Quoc Hung received and talked with the Secretary General of the ASEAN Banking Association.
On the afternoon of August 21, 2025, in Hanoi, Vice President and General Secretary of the Vietnam Banks Association (VNBA), Dr. Nguyen Quoc Hung, had a meeting and worked with the delegation of the ASEAN Banking Association (ABA) led by Mr. Paul Gwee, General Secretary.
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New chapter arrives for digital asset firms
Opportunities for international collaboration and attractive growth potential have turned the Vietnamese cryptocurrency market into a vibrant playground.
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Shinhan Bank expresses gratitude to business customers with free Ting Ting speakers
Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) has launched the “Customer Appreciation Day for Business Customers” across all 55 branches and transaction offices nationwide, featuring a free giveaway of Ting Ting Speakers. This initiative is dedicated to expressing gratitude to individual business owners, household businesses, private enterprises, and SMEs that have accompanied the Bank throughout the years.
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SBV tightens reins as new financial hub eyes clean money flow
The State Bank of Việt Nam has proposed that all international electronic money transfers valued at US$1,000 or more within the country’s forthcoming international Financial Centre (IFC) must be reported to strengthen monitoring mechanisms and anti-money laundering (AML) efforts.
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SBV proposes reporting for international transfers threshold of $1,000
The State Bank of Vietnam (SBV) has proposed new rules requiring reporting of international transfers of $1,000 or more, aiming to curb illicit flows and money laundering.
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VNBA actively completes draft Code of Conduct in debt collection
On the morning of August 22, 2025, in Hanoi, the Vietnam Banks Association (VNBA) held a meeting of the Drafting Committee of the Code of Conduct in Debt Collection Activities to provide comments on the second draft of the Code. Dr. Nguyen Quoc Hung - Vice President and General Secretary of VNBA chaired the meeting.
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VNBA works with British Embassy on Trade Finance Registry
On the afternoon of August 20, 2025, in Hanoi, the Vietnam Banks Association (VNBA) had a meeting and worked with Mr. Iain Frew - Ambassador of the United Kingdom and Boston Consulting Group (BCG) and representatives of Departments and Agencies of the State Bank of Vietnam, to discuss the implementation of phase 2 of the Trade Finance Registry (TFR) Data Platform Project. Dr. Nguyen Quoc Hung, Vice President cum General Secretary of VNBA chaired the meeting.
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Acquirers of weak banks get reserve ratio incentive policy
This policy is expected to motivate large banks to participate in handling weak banks, while opening up more credit space for the economy.
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VNBA seeks feedback on Draft Decree for commodity trading at Vietnam’s International Financial Center
The Vietnam Banks Association (VNBA) has recently issued an official letter to the General Directors of the member institutions, requesting comments on the draft Draft Decree on Commodity Trading Policies at the International Financial Center which regulating import–export policies, distribution of goods and services, commodity exchanges, and the operation of commodity trading floors within Vietnam’s financial centers.
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Agribank Announcement: Updates to the Preferential Credit Program for individual customers
Agribank (Vietnam Bank for Agriculture and Rural Development) is pleased to inform our valued customers about adjustments to the Preferential Credit Program for individual clients, effective from August 15, 2025, to December 31, 2025.
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Banks urged to spare homes in bad debt asset seizures
The State Bank of Vietnam has proposed assets as sole homes and only sources of income be exempted from bad debt asset seizure.
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VNBA collaborates with CIC and credit information companies to foster transparent market development
Hanoi, August 19, 2025 - The Vietnam Banks Association (VNBA) conducted a working session with the National Credit Information Center (CIC) and member credit information companies to explore solutions for advancing transparent and efficient credit information market development in alignment with Government and State Bank of Vietnam guidelines.
