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VNBA deploys tasks for 2025 with members in the Southern region
On February 20, 2025, the Vietnam Banks Association (VNBA) held a meeting to deploy tasks for 2025 with members in the Southern region. Dr. Nguyen Quoc Hung, Vice President cum General Secretary of VNBA chaired the meeting.
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Banks firm on green growth trajectory
Vietnam’s financial and banking sector remains steadfast in its commitment to green development amid the withdrawal of numerous international financial institutions from net-zero initiatives due to concerns over political changes in the United States.
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Lofty GDP potential is indicator for credit demand
The State Bank of Vietnam targets 16 per cent credit growth, but this may have to be higher if GDP hits the 10 per cent mark this year.
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VIB launches Super Yield account to optimise idle cash flow
On February 17, the Vietnam International Bank (VIB) officially launched the Super Yield account on its MyVIB digital banking platform with the message “Awakening the idle cash flow.”
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IFC proposes $50 million loan to HD Saison
The International Finance Corporation (IFC), a member of the World Bank Group, is proposing a $50-million loan to HD Saison Finance Co., Ltd., the fourth-largest retail finance company in Vietnam.
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Payment habits now moving towards more efficient means
AI has become increasingly popular in the banking industry. Tim Evans, CEO of HSBC Vietnam, talked with VIR’s Hong Dung about how AI will drive banks forward.
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PM directs submitting draft law on bad debt settlement to NA in May
The settlement of bad debts must be developed into a draft law and submitted to the National Assembly (NA) in May 2025 for consideration and approval.
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DongA Bank renamed as Vikki Digital Bank
DongA Commercial Joint Stock Bank (DongA Bank) has changed its name to Vikki Digital Bank Limited (Vikki Bank) following Decision No. 42/QĐ-TTGSNH2 issued by the State Bank of Vietnam (SBV) on February 14, 2025.
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Central bank cuts interest rate on bills for first time in 2025
According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
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Developments of interest rates applied by credit institutions in December 2024
The average deposit interest rates in VND were at 0.1-0.2% p.a. for demand and below 1-month terms; the average lending interest rates were between 6.7-9.0% p.a. for new loans and existing loan outstandings.
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VNBA works with BCG on trade finance in Vietnam
On the afternoon of February 14, 2025, Executive Vice President cum General Secretary of the Vietnam Banks Association (VNBA) Nguyen Quoc Hung had a working session with project experts from Boston Consulting Group (BCG) on trade finance. The meeting was held online.
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Implement effectively management measures for monetary policy and banking operations in 2025
The Governor of the State Bank of Vietnam (SBV) has issued Directive No. 01/CT-NHNN dated 20 January 2025 on the key tasks of the banking sector in 2025.
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The Code for One-Way Remittances Outward: A Win-Win for All
The Vietnam Banks Association (VNBA) has just issued a set of unified rules and practices on the list and principles of providing documents for one-way remittance transactions abroad by residents who are Vietnamese citizens (hereinafter referred to as the "Code"). This Code will bring benefits to customers, banks and management agencies.
