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ABBANK targets 131% increase in pre - tax profits in 2025
An Bình Commercial Joint Stock Bank targets a whopping 131 per cent increase in pre-tax profits to VNĐ1.8 trillion (US$70.2 million) in 2025, according to documents it released ahead of its annual general meeting this month.
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SBV's credit growth target helps real estate recovery
Experts said a large portion of this influx of cash will likely flow into promising investment avenues like real estate and securities, especially given the current volatility in the gold market.
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ABBANK launches preferential home loan for young buyers
An Bình Commercial Joint Stock Bank (ABBANK) has unveiled a home loan targeting young customers with interest rates starting at just 5 per cent.
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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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SeABank raises additional $80 million from Proparco and FMO to support small and medium enterprises
The French Development Finance Institution (Proparco) and the Dutch Entrepreneurial Development Bank (FMO) have signed a loan agreement worth $80 million with SeABank.
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Central bank required to consider proposals on Basel III application
Prime Minister Phạm Minh Chính has directed the State Bank of Vietnam (SBV) to consider commercial banks’ proposals on implementing Basel III international banking standards.
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"Promoting trust and innovation in the era of cloud computing, AI and data"
The workshop “Fostering Trust and Innovation in the Age of Cloud Computing, AI and Data” organized by the Vietnam Banks Association in collaboration with PwC will take place on April 10, 2025 in Hanoi.
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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.
