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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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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.
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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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Promoting digital transformation and ensuring information security and safety in banking operations
In Directive No. 02/CT-NHNN dated January 20, 2025, the Governor of the State Bank of Vietnam (SBV) requested units under the SBV, credit institutions, foreign bank branches (FCs), and payment intermediary service providers (PSS) to focus on effectively implementing tasks and solutions to promote digital transformation and ensure information security and safety in banking activities in 2025.
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Personal income tax proposed for interest on some bank savings accounts
Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
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Vietnamese, Australian firms promote strategic cooperation
EzyRemit Worldwide, one of the leading fintech companies in Australia specialising in international payment solutions, held a strategic meeting with representatives from Sacombank-SBR of Việt Nam on February 17 in Sydney.
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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.
