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TCB, Mobifone and One Mount Group establish digital payment company
Mobifone, Techcombank and One Mount Group recently contributed capital to establish a digital payment company with a capital of 300 billion VND.
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VNBA held a discussion on the Draft Circular on the operations of AMCs
Hanoi, July 2, 2025 – The Vietnam Banks Association (VNBA) held a seminar on the Draft Circular regulating the operations of subsidiaries and affiliates of credit institutions (CIs) in the field of debt management and asset exploitation (AMC). The meeting was chaired by Dr. Nguyen Quoc Hung, Vice Chairman and General Secretary of VNBA, with the participation of representatives of the State Bank of Vietnam (SBV) and CIs and AMCs.
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Banks end magnetic cards, require biometrics for firms from July 1
From July 1, banks across Việt Nam stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.
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Vietnam’s credit growth exceeds 7% in H1
Total outstanding credit across Vietnam’s banking system had reached VND16,730 trillion ($656 billion) in the year to June 18, up 7.14% from end-2024, according to the State Bank of Vietnam (SBV).
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Major changes coming to Vietnam's banking sector on July 1, 2025
From July 1, Vietnam's banks will require biometric verification and phase out magnetic cards.
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Central bank resumes issuing bills after four months of suspension
Four commercial banks won the SBV’s bid for VNĐ3.1 trillion worth of bills with a term of seven days and an interest rate of 3.5 per cent per year.
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Important Notice from Vietcombank: Update of biometric information for legal representatives of corporate clients
According to Article 17 of Circular 17/2024/TT-NHNN issued by the State Bank of Vietnam, starting from July 1, 2025, corporate clients will only be able to withdraw funds and make payment transactions via electronic means on their payment accounts after completing the biometric information update for their legal representative.
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SBV authorised to grant zero-interest, collateral-free special loans
Special loans from the State budget should only be provided when credit institutions face liquidity difficulties or to facilitate compulsory recovery and transfers. These measures aim to ensure the safety of the banking system and protect depositors’ rights.
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Banking sector issues Action Plan to implement Resolution No. 68-NQ/TW
On June 25, 2025, the Governor of the State Bank of Vietnam issued the Action Plan of the Banking sector to implement Resolution No. 138/NQ-CP dated May 16, 2025 of the Government to implement Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development (Decision No. 2415/QD-NHNN).
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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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Groundwork firmly set for banking industry’s digital era
Digital transformation in the banking sector will reach a new height from July 1 when a controlled pilot mechanism will take effect.
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NA passed the Law amending and supplementing several articles of the Law on Credit Institutions.
With the overwhelming majority of delegates in favor, this morning (June 27), at the 9th Session, the 15th National Assembly officially passed the Law amending and supplementing a number of articles of the Law on Credit Institutions.
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Accompanying the development of credit institutions in the rise era
On June 25, 2025, the Party Cell of the Standing Office of the Vietnam Banks Association held the Congress for the 2025 - 2030 term. Attending and directing the Congress was comrade Pham Tien Dzung - Member of the Standing Committee of the Party Committee of the State Bank of Vietnam, Deputy Governor of the State Bank of Vietnam.
