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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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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.
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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.
