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Domestic banks strengthen international partnerships
With central banks worldwide returning to monetary easing, the potential influx of cheap capital may drive domestic banks to pursue opportunities abroad.
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PM calls for measures against banks increasing deposit interest rates
The government has ordered inspections of commercial banks that have raised deposit interest rates and mandated strict penalties for non-compliance, all aimed at achieving an 8 percent growth target.
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Digital banks navigate evolving landscape
Vietnam's digital banking sector continues to gain momentum in 2025, driven by rapid adoption of AI, the race to profitability, and fierce competition.
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Banks pledge to support growth goals
Banks are committed to supporting the government’s directives by proposing solutions for a stronger banking system and lowering lending rates, helping the economy achieve over 8 per cent growth this year.
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Administrative procedures’ control and reforms of business regulations
On January 22, 2025, the State Bank of Vietnam (SBV) issued Decision No. 147/QD-NHNN on the SBV’s Implementation Plan for the administrative procedures’ control and the reforms of the business regulations as required for in Resolution No. 02/NQ-CP and other Resolutions of the Government in 2025.
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VNBA meets to comment on draft Law on Personal Data Protection
On February 25, 2025, the Vietnam Banks Association (VNBA) coordinated with the Department of Cyber Security and High-Tech Crime Prevention (A05), Ministry of Public Security, to organize a meeting to provide comments on the draft Law on Personal Data Protection.
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SBV suggests delaying the establishment of digital banks in financial centre
The State Bank of Việt Nam (SBV) suggested that the establishment of digital banks should be postponed to January 1, 2027.
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New Chairman of the Vietnam Banks Association for the 7th term (2020 - 2025)
On February 24, 2025, the Council of the Vietnam Banks Association (VNBA) issued Resolution No. 68/NQ-HDHH on the election of a representative of the organization to serve as Chairman of the Vietnam Banks Association for the 7th term (2020 - 2025). Accordingly, Mr. Pham Toan Vuong, Member of the Board of Directors and General Director of Agribank, was elected as Chairman of the Vietnam Banks Association for the 7th term.
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VNBA deploys tasks for 2025 with members in the Southern region
On February 20, 2025, the Vietnam Banks Association (VNBA) held a meeting to deploy tasks for 2025 with members in the Southern region. Dr. Nguyen Quoc Hung, Vice President cum General Secretary of VNBA chaired the meeting.
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Promoting digital transformation and ensuring information security and safety in banking operations
In Directive No. 02/CT-NHNN dated January 20, 2025, the Governor of the State Bank of Vietnam (SBV) requested units under the SBV, credit institutions, foreign bank branches (FCs), and payment intermediary service providers (PSS) to focus on effectively implementing tasks and solutions to promote digital transformation and ensure information security and safety in banking activities in 2025.
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Personal income tax proposed for interest on some bank savings accounts
Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
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Vietnamese, Australian firms promote strategic cooperation
EzyRemit Worldwide, one of the leading fintech companies in Australia specialising in international payment solutions, held a strategic meeting with representatives from Sacombank-SBR of Việt Nam on February 17 in Sydney.
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Banks firm on green growth trajectory
Vietnam’s financial and banking sector remains steadfast in its commitment to green development amid the withdrawal of numerous international financial institutions from net-zero initiatives due to concerns over political changes in the United States.
