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Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss
Banks accounted for more than half of the 20 most profitable listed companies in Vietnam’s Q3/2025 earnings season, while property developer Novaland recorded the largest loss.
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SBV unveils the strategy for digital transformation of the banking sector until 2030
The State Bank of Vietnam (SBV) is pleased to announce the official release of its Strategy for Digital Transformation of the Banking Sector until 2030. This strategic initiative underscores SBV’s commitment to modernizing Vietnam’s banking industry, leveraging digital technologies, strengthening infrastructure, and fostering an integrated financial ecosystem that supports sustainable growth and inclusive finance.
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SBV issues Circular No. 42/2025/TT-NHNN on independent audit of cooperative credit institutions
Hanoi, November 11, 2025 – The State Bank of Vietnam (SBV) today announced the issuance of Circular No. 42/2025/TT-NHNN, providing detailed regulations on independent audits of cooperative credit institutions, including cooperative banks and people’s credit funds.
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MB releases report “Banking Industry & the New Generation of Consumers”
Hà Nội, November 15, 2024 – The Military Commercial Joint Stock Bank (MB) today announced the publication of its latest industry report titled “Banking Industry & the New Generation of Consumers.” The report provides an in-depth analysis of how emerging consumer generations—Millennials (Gen Y), Generation Z, and the rising Generation Alpha—are reshaping the future of banking in Vietnam and the wider region.
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ANNOUNCEMENT: LPBank Board of Directors approves the organization of the 2025 Extraordinary General Meeting of Shareholders
The Board of Directors of Lien Viet Post Commercial Joint Stock Bank (LPBank) has just issued a Resolution on the organization of the Extraordinary General Meeting of Shareholders (EGM) for 2025.
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State Bank of Vietnam: On the issuance of Circular No. 41/2025/TT-NHNN
On the issuance of Circular No. 41/2025/TT-NHNN dated November 5, 2025, amending and supplementing a number of provisions of Circular No. 40/2024/TT-NHNN on the provision of intermediary payment services
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KBC, AIC, and VietinBank sign MoU to develop $2 billion data centre
Kinh Bac City Development Holding Corporation has signed an MoU with Accelerated Infrastructure Capital (AIC) and VietinBank to jointly develop a 200MW AI data centre in Tan Phu Trung Industrial Park, Ho Chi Minh City.
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Techcombank secures higher rating from Fitch Ratings and S&P Global Ratings
Within three months, Techcombank has consistently been rated highly by two of the world’s leading credit rating agencies, Fitch Ratings and S&P Global Ratings, reaffirming the bank’s robust capital base, effective risk management, and sustainable growth strategy.
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“Vietnam’s banking sector aiming for high standards of creditworthiness and sustainable development”
Hanoi, 11 November 2025 – On the morning of 11 November in Hanoi, the Vietnam Banks Association (VNBA), together with Fitch Ratings, held the forum titled “Vietnam Banking: Credit Outlook and Sustainable Finance”. The event focused on charting a path for Vietnam’s banking system toward high credit-rating standards and sustainable development by combining credit ratings, effective risk-governance, and ESG (environmental, social, governance) criteria.
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“Credit Ratings and Sustainable Finance: The foundation for a modern and transparent banking system”
Hanoi, 11 November 2025 – At the forum titled “Vietnam Banking: Credit Outlook and Sustainable Finance” jointly organised by the Vietnam Banks Association (VNBA) and Fitch Ratings, Dr. Nguyễn Quốc Hùng, Vice-Chairman and Secretary General of the VNBA, stressed that credit ratings and sustainable finance are twin pillars underlying the long-term development of Vietnam’s banking sector.
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Vietnam – United Kingdom Financial Services Summit: Promoting a transparent and integrated financial ecosystem
On 7 November 2025 in Hanoi, the Vietnam Banking Association (VNBA), in collaboration with the British Embassy in Vietnam, hosted the Vietnam – United Kingdom Financial Services Summit. The event took place in the context of Vietnam and the United Kingdom having just upgraded their bilateral relationship to a Comprehensive Strategic Partnership — opening a new chapter for cooperation in banking and financial services, fintech and innovation between the two dynamic economies.
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BIDV becomes Việt Nam’s first commercial bank accredited by the Green Climate Fund
The recognition was approved at the 43rd GCF Board Meeting, marking a major milestone in BIDV’s journey towards sustainable finance and its leadership in green growth.
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Banks see strong Q3 profits on surging forex trading
Banks recorded solid third-quarter earnings, with strong gains from foreign exchange trading helping cushion the impact of slower credit growth.
