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Developments of interest rates applied by credit institutions (February 2025)
The interest rates of deposits in VND: The average deposit interest rates in VND were at 0.1-0.2% p.a. for demand and below 1-month terms;
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VNBA and CMA Small Systems talked on the payment systems solutions
On March 31, 2025, the Vietnam Banks Association (VNBA) had a meeting with CMA Small Systems AB (CMS), a Swedish company specializing in providing infrastructure solutions for the global financial market. CMA has been operating in many countries such as Indonesia, Brunei, the Philippines, Laos, Nepal, and Mongolia, providing solutions for Central Banks and Commercial Banks.
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VNBA successfully organized the 5th Annual Conference
On March 27, 2025, the Vietnam Banks Association (VNBA) successfully organized the 5th Annual Conference, term VII, 2025, to summarize and evaluate activities in 2024, and at the same time agree to deploy key tasks in 2025.
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MB, HDBank, and VPBank to lift foreign ownership limit
A new governmental decree covering the purchasing of shares in Vietnamese credit institutions by foreign investors has increased the ability of some commercial banks to seek more investment from overseas.
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Shinhan Bank Vietnam cooperates with Scotch AGS to provide the tuition fee payment program
Shinhan Bank Vietnam Limited (“Shinhan Bank”) and Primary, Secondary and Senior Secondary Australian Grammar School (“Scotch AGS”) officially signed a strategic partnership agreement in implementing a special tuition fee payment program and comprehensive finance program for parents, who have children studying at the Scotch AGS system.
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Top-performing banks in Việt Nam unveiled
The 2025 rankings reveal a slight decline in overall brand health scores across the banking sector, which is attributed to reduced marketing investments in 2024. As banks scaled back promotional efforts, the market stabilised, resulting in minimal shifts in brand performance.
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Shinhan Bank Vietnam and Viglacera Real Estate company signed a strategic partnership agreement
Hanoi, on 24th March 2025 – Shinhan Bank Vietnam Limited (“Shinhan Bank”) Viglacera Real Estate Company (“Viglacera”) officially signed a Memorandum of Understanding (“MoU”) on 20th March 2025, marking an important milestone in strategy of attracting foreign investors into Vietnam, especially Korean investors.
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The 5th Annual Conference, Term VII of the Vietnam Banks Association is coming soon
On March 27, 2025, the Vietnam Banks Association (VNBA) will hold its 5th Annual Conference, term VII, to summarize and evaluate the results after one year of implementing tasks, and at the same time jointly develop tasks to be performed in 2025.
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Vietnam banks unveil business plans for 2025
Many commercial banks in Vietnam will hold their AGMs at the end of March or early April, where key issues of investor interest will be discussed, including their business plans for 2025.
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Foreign ownership at acquirers of weak banks to rise to 49%
The new decree also regulates that the total share ownership of foreign investors at a Vietnamese non-bank credit institution will also not be allowed to exceed 50 per cent of the institution’s charter capital.
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Shinhan Bank to introduce QR pay service to Lotte Mart Vietnam
Shinhan Bank Vietnam Limited (Shinhan Bank) will launch its QR Pay service across all Lotte Mart Vietnam stores on Saturday.
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VNBA invites members to comment on the draft of the Bankruptcy Law
The Vietnam Banks Association (VNBA) continues to send an official dispatch to the General Directors of member organizations inviting comments on the draft (3rd time) of the Bankruptcy Law Project (amended).
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VNBA delegation visited and worked with UB Group
On March 20, 2025, the delegation of Vietnam Banks Association (VNBA) led by Dr. Nguyen Quoc Hung, Vice Chairman cum General Secretary, visited and worked with UB Group Joint Stock Company (UBGroup) - a member of VNBA. The meeting aimed to assess the results achieved and orienting the development strategy in the coming time.
