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Draft Law amending and supplementing the Law on Enterprises
The Vietnam Banks Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to solicit opinions on the draft Law amending and supplementing the Law on Enterprises.
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World Bank to help SBV build shared database for the banking industry
The State Bank of Vietnam (SBV) has initiated a project to build a shared database for the banking industry, which will be supported by the World Bank and implemented by KPMG Vietnam.
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Q1: Credit grows 2.5 times YOY with great efforts from banking system to support economy
In the morning of April 6, 2025, Prime Minister Pham Minh Chinh chaired the regular Government meeting for March 2025 and the Government's virtual conference with the provinces to discuss many important matters. Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) attended and delivered a speech at the meeting.
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Crypto clarity could offer fresh investment channels
Recognising cryptocurrency and building a comprehensive legal system will not only help Vietnam access foreign currency but also create an alluring environment for domestic businesses.
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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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Pilot policy to set up digital asset tax framework
Amid the complexity of tracking transactions on digital asset exchanges, Vietnam is drafting policies to collect personal income tax on such traders.
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Profits, dividends, capital increases and bad debts on agendas of 2025 banking AGMs
In a discussion with shareholders, VIB Chairman Đặng Khắc Vỹ said that bad debt handling is one of the ‘hot’ issues of the entire banking industry.
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Consumer Finance Club regular meeting
On the morning of April 2, 2025, the Consumer Finance Club (Vietnam Banks Association) held a regular meeting to discuss professional work and give opinions on the plan to organize the Congress for the second term (2025 - 2028). Vice Chairman cum General Secretary of the Vietnam Banks Association Nguyen Quoc Hung attended and directed the meeting.
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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.
