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Prime Minister: Banks need to sacrifice part of their profits to reduce lending rates, support the economy, people and businesses
On the morning of February 11, 2025, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired the Government Standing Committee Conference to work with commercial banks to accelerate, break through, promote growth and control inflation.
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VNBA seeks members' opinions on the Draft Bankruptcy Law (amended)
The Vietnam Banks Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to solicit opinions on the Draft Bankruptcy Law (amended).
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VNBA opens training courses on cybercrime prevention for banking
It is expected that in March and April 2025, the Vietnam Banks Association (VNBA) will organize 4 training courses on cybercrime prevention related to banking activities. We respectfully invite members to send representatives to attend.
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The ideal time for a new financial hub
The establishment of an international financial centre in Ho Chi Minh City is a vital step amid Vietnam’s rapidly evolving economy. Truong Bui, managing director for Roland Berger in Vietnam, analyses the city’s role as the nation’s premier economic and financial hub.
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Banks stimulate credit from the beginning of 2025
Many banks have implemented loan packages with preferential interest rates. Currently, the lowest short-term loan interest rate is from 4.5 per cent.
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PM Phạm Minh Chính asks credit institutions to stabilise gold market
Prime Minister Phạm Minh Chính signed Directive No. 03/CT-TTg on February 4, 2025, highlighting key tasks for implementation after the 2025 Lunar New Year holiday. The directive includes a special emphasis on stabilising the gold market in Việt Nam.
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Banking mergers and acquisitions drive Vietnam’s future aspirations
If the activities and initiatives over the past few years are any indication to go by, we can safely say that the Vietnam’s banking sector will be entering a transformative phase in 2025 and beyond, marked by significant mergers and acquisitions (M&A) that have reshaped the industry landscape over the past few months.
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Digital banking services in Việt Nam make remarkable stride
More than 87 per cent of Việt Nam’s adult population now hold payment accounts at banks while many credit institutions are processing more than 95 per cent of transactions through digital channels.
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Banking sector asked to move past difficulties, create breakthroughs
Visiting the State Bank of Vietnam (SBV) on the first working day after the nine-day Tết holiday - PM Phạm Minh Chính commended the central bank for proactively monitoring both international and domestic economic developments.
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HDBank's 2024 earnings exceed targets
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) announced strong fourth quarter and financial year results on January 24, with profit before tax exceeding VND16.7 trillion ($665.8 million), completing its target by 106 per cent with a 28.5 per cent increase on-year.
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Credit growth to drive bank stock valuations in 2025
Credit growth is projected to be the main catalyst for driving bank stock prices in 2025, building on the undervaluation observed in the previous year.
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MUFG advancing sustainable growth in Vietnam
As the Year of Dragon winds down, MUFG Bank, Ltd. conveys its deepest gratitude to clients, partners, and regulators for their support and trust rendered throughout the year.
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VNBA and ABB sign Memorandum of Understanding (MOU)
On January 22, 2024, the Vietnam Banks Association (VNBA) and the Association of Belarus Banks (ABB) held a Memorandum of Understanding (MOU) signing ceremony, pledging to maintain a good relationship and enhance exchanges and cooperation in the banking sector. The ceremony was held online.
