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Effective AI in banking and finance factor a prerequisite
Despite the numerous advantages of using AI in auditing and consulting, such systems remain prone to errors and must be used properly, according to experts at a Ho Chi Minh City seminar on May 23.
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Banking sector steps up action plan to boost green credit
SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam."
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Banks bet on wholly owned life insurance
Several Vietnamese banks are shifting from bancassurance partnerships to establishing their own insurance companies, paving the way towards building full-fledged financial conglomerates.
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Outlook brightens for bank stocks in H2
As bank stocks continue to trade below their book value, the sector is seeing growing optimism for the second half of the year (H2).
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The 2-level local government model in the financial and banking sector
Deputy Prime Minister Ho Duc Phoc has just signed the Official Dispatch No. 67/CD-TTg dated May 19, 2025 of the Prime Minister sent to the Minister of Finance and Governor of the State Bank of Vietnam requesting the implementation of the Plan to develop decrees on decentralization, delegation of authority, and assignment of authority associated with the 2-level local government organization model in the field of finance and banking.
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57 credit institutions have assessed environmental and social risks when lending
Sustainable Development Goals (SDGs) reporting plays an extremely important role for banks in the current context and is an inevitable and dominant development trend of the banking industry. In 2024, the number of SDGs reports published increased to a record 33 organizations, of which 06 more banks have just published SDGs reports.
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AI helps banks promote Sustainable Development Report
Leveraging AI in producing sustainability information may enhance efficiency, accuracy and also strategic decision making, a banking and finance forum has been told.
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Credit institutions remain decisive to push against headwinds
Credit growth is becoming increasingly difficult to sustain amid mounting external pressures. Nguyen Quoc Hung, Vice chairman and General Secretary of the Vietnam Banks Association, talked with VIR’s Vy Vy how banks must go beyond restructuring growth models.
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VNBA seeks members' opinions on draft Circular on AMC activities
The Vietnam Banking Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to seek opinions on the draft Circular on the activities of subsidiaries and affiliated companies of credit institutions in the field of debt management and asset exploitation (AMC).
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Banks face difficulties in requiring SOE shareholders to divest
According to the current regulations, the share ownership cap by an institutional shareholder in a credit institution is reduced from 15 per cent to 10 per cent and for an individual and his/her related parties from 20 per cent to 15 per cent.
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Central bank releases draft amended Law on Credit Institutions
Credit institutions are facing potential bad debt risks because Resolution No 42/2017/QH14 has expired.
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Foreign ownership expansion opens new opportunities for banks
The latest move to expand the foreign ownership limit in select commercial banks marks a pivotal step in banking sector reform by offering capital-raising opportunities, boosting market liquidity, and signalling a new phase of strategic investor engagement.
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VCBNeo launches new brand identity and NeoOne digital banking app
The rebranding follows the bank’s formal transfer to Vietcombank and reflects its new positioning as a technology-driven bank serving a broader range of customers, particularly those new to banking.
