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Commercial banks upbeat about achieving high profits in 2025
Vietnamese commercial banks are optimistic about their 2025 profit targets, with many expecting increases of 20 per cent to 30 per cent due to anticipated robust economic growth and a resurgence in credit activity.
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VietBank signed a strategic partnership agreement with KPMG
VietBank signed a strategic partnership agreement with KPMG in Vietnam on February 25 to launch the 'Transformation and Project Management Office Support' initiative.
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Domestic banks strengthen international partnerships
With central banks worldwide returning to monetary easing, the potential influx of cheap capital may drive domestic banks to pursue opportunities abroad.
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VNBA and IFC experts talk on developing debt settlement documents
On the morning of February 26, 2025, in Hanoi, Dr. Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks Association (VNBA) had a meeting and worked with a group of experts from the International Finance Corporation (IFC) to continue discussing plans to draft two sets of professional documents related to debt settlement, expected to include "Handbook on out-of-court debt restructuring" and "Code of Conduct in debt collection activities".
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VNBA and Visa International discuss on fraud risks in payment
On February 26, 2025, in Hanoi, the Vietnam Banks Association (VNBA) had a meeting and talked with the working delegation of Visa International Card Organization to update, exchange and discuss the trend of fraud risks in payment in the first quarter of 2025.
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LPBS plans to invest over $50M in secondary bonds
This strategic move, recently approved by LPBS's Board of Directors, reflects an approach to enhance its portfolio amid evolving market conditions.
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PM calls for measures against banks increasing deposit interest rates
The government has ordered inspections of commercial banks that have raised deposit interest rates and mandated strict penalties for non-compliance, all aimed at achieving an 8 percent growth target.
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Digital banks navigate evolving landscape
Vietnam's digital banking sector continues to gain momentum in 2025, driven by rapid adoption of AI, the race to profitability, and fierce competition.
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Banks pledge to support growth goals
Banks are committed to supporting the government’s directives by proposing solutions for a stronger banking system and lowering lending rates, helping the economy achieve over 8 per cent growth this year.
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Administrative procedures’ control and reforms of business regulations
On January 22, 2025, the State Bank of Vietnam (SBV) issued Decision No. 147/QD-NHNN on the SBV’s Implementation Plan for the administrative procedures’ control and the reforms of the business regulations as required for in Resolution No. 02/NQ-CP and other Resolutions of the Government in 2025.
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VNBA meets to comment on draft Law on Personal Data Protection
On February 25, 2025, the Vietnam Banks Association (VNBA) coordinated with the Department of Cyber Security and High-Tech Crime Prevention (A05), Ministry of Public Security, to organize a meeting to provide comments on the draft Law on Personal Data Protection.
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SBV suggests delaying the establishment of digital banks in financial centre
The State Bank of Việt Nam (SBV) suggested that the establishment of digital banks should be postponed to January 1, 2027.
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New Chairman of the Vietnam Banks Association for the 7th term (2020 - 2025)
On February 24, 2025, the Council of the Vietnam Banks Association (VNBA) issued Resolution No. 68/NQ-HDHH on the election of a representative of the organization to serve as Chairman of the Vietnam Banks Association for the 7th term (2020 - 2025). Accordingly, Mr. Pham Toan Vuong, Member of the Board of Directors and General Director of Agribank, was elected as Chairman of the Vietnam Banks Association for the 7th term.
