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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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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.
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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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Banks optimise credit plans to boost efficiency
Military Commercial Joint Stock Bank (MB) is aiming to increase its outstanding credit volume and capital mobilisation by more than 25 per cent to surpass $40 billion by the end of this year. The bank is also targeting a maximum bad debt ratio of 1.7 per cent along with a bad debt coverage ratio of over 100 per cent
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VNBA seeks members' opinions on draft Decrees detailing the Data Law
The Vietnam Bank Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to solicit opinions on the draft Decrees detailing the Data Law.
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Four banks to hold shareholders' meetings in February and March
The four – Nam A Bank, VIB, Vietcombank and Eximbank – are preparing to hold their shareholders' meetings in February and March 2025.
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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.
