All Category
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Bank deposits hit record highs as interest rates stay low
Deposits from individual customers continued to hit a new peak of nearly VNĐ7.75 quadrillion, up 9.68 per cent compared to the end of 2024.
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Vietnam's central bank struggles to rein in cross-ownership
Cross-ownership and bank manipulation in Vietnam have eased, yet control remains elusive as shareholders and related parties conceal ownership through nominees, the State Bank of Vietnam (SBV) said in a report to the country’s legislature.
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VNBA and ICC DSI join forces to accelerate digital trade finance in Vietnam
The Vietnam Banks Association (VNBA) has held a high-level virtual meeting with the International Chamber of Commerce’s (ICC) Digital Standards Initiative (DSI) to explore collaboration on Fintech trends and the accelerated digitalization of Trade Finance across Vietnam. The cooperation aims to harmonize national banking practices with global digital standards, ultimately enhancing the efficiency and transparency of the trade ecosystem.
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Fitch assigns Vietnam's VietBank first-time IDR of 'B+'; outlook stable
Fitch Ratings - Singapore - 15 Oct 2025: Fitch Ratings has assigned Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) a first-time Long-Term Issuer Default Rating (IDR) of 'B+'. The Outlook is stable. The agency has also assigned a Viability Rating (VR) of 'b' and a Government Support Rating of 'b+'.
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Vietnam intensifies anti-money laundering efforts, pushing to exit FATF grey list
HANOI – On October 15, the fight against money laundering (AML) was reaffirmed as a top national priority as Deputy Prime Minister Ho Duc Phoc, Head of the National Steering Committee on AML, chaired a critical review meeting. The meeting concluded that AML is an ongoing and crucial task—not just for preventing corruption and illegal acts, but for fostering transparent and sustainable economic development.
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Shinhan Bank Vietnam Honored with Dual Awards from Visa – Affirming Its Leadership in SME Development
Shinhan Bank Vietnam Limited (“Shinhan Bank”) is proud to receive two prestigious awards from Visa, the world’s leading payment technology company “First-Mover Leadership in B2B Commerce for SMEs 2025” and “Leadership in Authorization 2025”. These recognitions reaffirm Shinhan Bank’s continuous efforts in developing high-quality card products and services while enhancing its operational excellence in line with global standards.
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VNBA, BCG, and the British Consulate jointly work toward a Trade finance anti-fraud data system
The Vietnam Banks Association (VNBA), in collaboration with the British Consulate General and Boston Consulting Group (BCG), held a specialized workshop titled "Growth Gateway: Technical Design and Pathway to Proof of Concepts in Vietnam" on October 13, 2025. The event was organized to ensure the safety and transparency of trade finance activities.
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Announcement regarding the issuance of Circular No. 34/2025/TT-NHNN
The State Bank of Vietnam (SBV) hereby announces the issuance of a new circular guiding a number of articles of the Government's Decree No. 24/2012/ND-CP on the management of gold business activities, which was amended and supplemented by Decree No. 232/2025/ND-CP.
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Standard Chartered signs four MoUs in Việt Nam to strengthen Hong Kong-ASEAN ties
Building on the positive momentum from previous engagement and delegation opportunities, this marks the second year that Standard Chartered has signed MoUs with both Việt Nam and Hong Kong-based corporates to promote the business ties between Hong Kong and Việt Nam.
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Agribank and Hanoi Public Administration Service Center Cooperate to Integrate Public Services at Bank Transaction Points
The Vietnam Bank for Agriculture and Rural Development (Agribank) and the Hanoi Public Administration Service Center (Hanoi TTPVHCC) have signed a cooperation agreement to deploy a model for consulting, supporting, and receiving administrative procedure files directly at Agribank's transaction counters across the city.
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Moody’s affirms Vietcombank’ Ba2 rating, stable outlook - the highest level among banks in Vietnam
On October 10, 2025, credit rating agency Moody's Rating has published updated Credit Opinion for Vietcombank, in which Moody’s has retained Vietcombank’s long-term rating at Ba2 and maintained the stable outlook. With this result, Vietcombank maintains its highest rating in the banking industry, equivalent to Vietnam's sovereign rating.
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Vietnam locks in social housing loan rate at 5.4%
A major boost for affordable homeownership since October 10, 2025.
