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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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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.
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2025 a new era for financial institutions
Recent adjustments to Việt Nam's economic growth forecasts from major financial institutions highlight growing confidence in the country's economic trajectory.
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Home loan interest rates to inch up in 2025
However, the home loan interest rates will be still lower than that before the COVID-19 pandemic, analysts say.
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VPBank to take over GPBank
The move is meant to help improve GPBank's operations as well as allow VPBank to expand its business. VPBank may either retain GPBank as a subsidiary, or sell or transfer the bank to a new investor after the mandatory transfer is completed.
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HDBank officially undertakes mandatory transfer, beginning a period of stability and growth for DongA Bank
Following the transfer, DongA Bank will operate as a single-member limited liability bank fully owned by HDBank, ensuring all rights of depositors and customers are upheld.
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Standard Chartered Vietnam named Best Foreign Bank and Best Digital Bank 2024
On January 8, Standard Chartered Bank Vietnam has been named “Best Foreign Bank Vietnam 2024” for the fourth consecutive year and “Best Digital Bank Vietnam 2024” for the second consecutive year by Global Business Review.
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VNBA and British Embassy project expert talk on financial inclusion
On January 17, 2025, Vice President cum General Secretary of the Vietnam Banks Association (VNBA) Nguyen Quoc Hung had a working session with project experts from the British Embassy in Vietnam on financial inclusion.
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Banks to comply with biometric verification
Foreign banks operating in Vietnam must complete the biometric verification requirement for transferring funds to personal accounts, with all banks aiming to make verification mandatory for corporate clients this year.
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TPBank secures $120 million long-term loan from JICA
This initiative, co-financed by the US International Development Finance Corporation (DFC), aims to enhance financial inclusion through digital banking in Việt Nam, with a total loan value of US$120 million.
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Remittances to HCMC soar to $9.6B
Remittances to HCMC last year were worth a record US$9.6 billion after rising by $140 million from 2023.
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Cross-border QR payment service launched between Vietnam and Laos
A cross-border QR payment service between Vietnam and Laos was launched on January 9 to bolster tourism and economic exchanges between the two countries
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Majority of credit institutions expect profit growth in 2025
According to an SBV survey, In 2025, 85.1 per cent of credit institutions expect their pre-tax profits to grow positively compared to 2024.
