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SBV issued a plan to implement Resolution No. 198/2025/QH15
On June 25, 2025, the Governor of the State Bank of Vietnam (SBV) issued the Action Plan of the Banking sector to implement Resolution No. 139/NQ-CP dated May 17, 2025 of the Government to implement Resolution No. 198/2025/QH15 dated May 17, 2025 of the National Assembly on a number of special mechanisms and policies for private economic development (Decision No. 2416/QD-NHNN).
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Digital assets finally go legal for Vietnam
The official legal recognition of cryptoassets presents both an opportunity to accelerate the growth of the digital tech market and a challenge in mitigating potential related disputes.
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Banks with high proportion of retail loans expect to benefit from law change
The Law on Credit Institutions is proposed to be amended to include some provisions of Resolution No 42/2017/QH14 on piloting bank bad debt settlement.
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Overnight interbank interest rate hits 16-month low
According to data from the US Federal Reserve’s New York branch, the gap between the US secured overnight financing rate (SOFR) and the Việt Nam’s overnight interest rate on June 18 was 2.28 percentage points.
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Interest rate development applied by credit institutions in May 2025
State Bank of Vietnam has just released the interest rate developments of credit institutions in May 2025
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Overhaul of legal framework aims to tackle bad debts
The financial market has witnessed a wave of mandatory bank acquisitions in the recent past. Early this year, major commercial lenders MB, HDBank, and VPBank took over struggling lenders OceanBank, DongA Bank, and GPBank, respectively.
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On the issuance of the new Circular No.08/2025/TT-NHNN
On June 6, 2025, the Governor of the State Bank of Vietnam (SBV) has issued Circular No. 08/2025/TT-NHNN.
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VNBA and Visa hold quarterly meeting
On June 25, 2025, the Vietnam Banks Association (VNBA) held a regular meeting for the second quarter of 2025 with Visa International Card Organization. At the meeting, Visa updated new solutions being deployed in the global market, including strategic solutions in the Vietnamese market.
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Enjoy summer with “customer appreciation week” at Shinhan Bank
“Customer Appreciation Week” program continued to be successfully taken place by Shinhan Bank Vietnam Limited (“Shinhan Bank”) in Q2.2025 from June 16th until June 20th, 2025 with numerous meaningful appreciation gifts for customers when visiting 54 branches and transaction offices of Shinhan Bank nationwide.
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VIB introduces PayFlex in first implementation of Visa VFC technology
Vietnam International Bank (VIB) is introducing VIB PayFlex, an innovative financial feature developed on the Visa Flexible Credential (VFC) technology, allowing VIB Visa cardholders to make flexible payments from two funding sources – credit and debit accounts – using a single credential, enabling smarter financial control and maximizing rewards.
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The State Bank of Vietnam reorganizes the regional branch system
Regional branches of the State Bank of Vietnam (SBVs) will officially come into operation from July 1, 2025, in sync with the new local government system.
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Bank deposits reach record high despite low interest rates
A notable driver was the continued surge in individual deposits, which hit a record high of nearly VND7.5 quadrillion, up 5.73 per cent since the beginning of the year.
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Central bank proposes mandatory bank transfers for gold
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at VNĐ20 million (US$765) and above, to enhance transparency and verify customer identities.
