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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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Announcement from SBV on supporting people affected by Typhoon No. 10
On October 8, 2025, the State Bank of Vietnam (SBV) issued urgent Official Letter No. 8622/NHNN-TD to the Chairpersons of the Boards of Directors/Members' Councils, General Directors of credit institutions and foreign bank branches, and Directors of local SBV branches in the areas (1, 3, 4, 5, 6, 7, 8, 9, 11, 12) with territories severely affected by Typhoon No. 10 (Bualoi) and the subsequent floods.
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Update on mandatory bank transfers: Positive progress seen after nearly a year of implementation
The Governor of the State Bank of Vietnam (SBV) has assigned tasks to the receiving and mandatorily-transferred banks, following significant growth in total assets, mobilized capital, and outstanding loans at the four transferred institutions. Non-performing loans (NPLs) are being progressively managed, with some banks reporting profits or reduced losses compared to the same period in 2024.
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VietinBank: Notification 2024 cash dividend payment
The Board of Directors of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) would like to cordially announce 2024 cash dividend payment.
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Vice Chairman cum General Secretary Nguyễn Quốc Hùng receives Huawei delegation
On the afternoon of October 9, 2025, in Hanoi, Dr. Nguyễn Quốc Hùng — Vice Chairman cum General Secretary of the Vietnam Banking Association (VNBA) — received and held a working session with a Huawei delegation led by Mr. Eddy Suryanto, Head of Industry Solutions (Digital Finance) for the Asia-Pacific region of Huawei.
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Lending rates maintaining stability through year-end
Lending rates have remained relatively stable, but room for further cuts appears limited amid persistent exchange rate and inflation pressures.
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VNBA seeks members' opinions on draft Circular applying international accounting standards
The Vietnam Banks Association (VNBA) has just sent an official dispatch to the General Directors of member organizations, requesting their comments on the draft Circular guiding the subjects, scope and procedures for applying International Accounting Standards (IFRS) in Vietnam, according to Official Dispatch No. 14980/BTC-QLKT dated September 26, 2025 of the Ministry of Finance.
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SBV cleans 154 million accounts, blocks US$56.9 million in suspicious transactions
As of September 2025, the central bank proposed cutting and simplifying 124 out of 298 administrative procedures, representing 41.6 per cent of the total. This initiative has reduced processing time by hundreds of days and saved more than VNĐ7.6 billion in costs.
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State Bank of Vietnam Issues Circular No. 31/2025/CT-NHNN Regulating the Activities of Subsidiaries and Associates of Credit Institutions in the Field of Debt Management and Asset Recovery
On September 30, 2025, the Governor of the State Bank of Vietnam (SBV) signed and promulgated Circular No. 31/2025/CT-NHNN, setting forth regulations governing the operations of subsidiaries and associates of credit institutions in the areas of debt management and asset recovery.
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State Bank of Vietnam issuance of Circular No. 30/2025/TT-NHNN
Regarding the Issuance of Circular No. 30/2025/TT-NHNN dated September 30, 2025, amending and supplementing a number of articles of Circular No. 15/2024/TT-NHNN regulating the provision of non-cash payment services.
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Việt Nam commits to digital finance, global cooperation: Deputy PM
Việt Nam wants to receive support from international financial organisations, including SWIFT, so that its international financial centre could be aligned with global financial system.
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Standing Committee of the Vietnam Banks Association Council meets for the 4th session in 2025
On the afternoon of September 29, 2025 in Hanoi, the Standing Committee of the Vietnam Banks Association (VNBA) held the 4th meeting of 2025, discussing issues under its authority and preparations for the Association's 8th General Assembly (2025-2030). Mr. Pham Toan Vuong - Chairman of the Association Council, General Director of Agribank chaired the meeting.
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Banks resume cash dividends as financial health rebounds
Several banks have resumed cash dividend payments, signalling a rebound in financial health after years of restrictions, with total disbursements reaching nearly $1.7 billion so far this year.
