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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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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.
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Legalizing digital assets opens investment opportunities in Vietnam
The National Assembly’s adoption of the Law on Digital Technology Industry on June 14 marks a pivotal step toward regulating Vietnam’s fast-growing crypto asset market. The new legal framework is expected to curb fraud, unlock investment opportunities, and create alternative capital channels for businesses.
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VNBA seeks members' opinions on the draft Decree amending Decree No.125/2020/ND-CP
The Vietnam Bank Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to seek opinions on the draft Decree amending Decree No.125/2020/ND-CP on administrative sanctions for tax and invoice violations.
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SBV Governor calls for overhaul of FDI attraction strategy to drive stronger growth
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Việt Nam's Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
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VNBA opens training course on risk identification and cyber security
On July 26, 2025, the Vietnam Banks Association (VNBA) will organize an online training course on "Methods of identifying IT risks, Cybersecurity (ANM) & Building an ANM Architecture Framework according to international standards", to support Banks and financial institutions to improve their IT risk management capacity and protect digital assets.
