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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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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.
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NAPAS organized 2025 mission implementation conference
On January 14, 2025, the National Payment Corporation of Vietnam (NAPAS) successfully organized the "2025 Mission Implementation Conference". The event welcomed the participation of Mr. Pham Anh Tuan – Director of the Payment Department of the State Bank of Vietnam (SBV).
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AI Applications in Banking: Optimizing Operational Efficiency, Enhancing Customer Experience
On January 10, 2025, in Hanoi, the Vietnam Banking Association in collaboration with NVIDIA and GreenNode organized a workshop: "Promoting the AI Revolution in Finance - Banking: Solutions from NVIDIA and GreenNode" to help members enhance the application of artificial intelligence (AI) to improve operational efficiency, optimize customer experience and enhance competitiveness in the context of strong digital transformation.
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QR code payment transactions surged in 2024
The year 2024 has marked a significant shift in Vietnamese consumer behaviour toward non-cash payments.
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Bank credit pours into the economy reaching $611 billion
Announcing performance results of the banking industry in Hà Nội, the deputy governor of the SBV said monetary policy in 2024 was reasonable, ensuring the country’s GDP growth at 7.08 per cent and inflation under control at 3.6 per cent.
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Key tasks in the 2025 Action Plan of VNBA
In 2024, VNBA has completed tasks comprehensively and excellently, actively contributing to the overall success of the whole industry, the position and reputation of VNBA are increasingly enhanced.
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The Council of Vietnam Banks Association held the 6th meeting, term VII
On January 9, 2025, in Hanoi, the Council of the Vietnam Banks Association (VNBA) held its 6th meeting, term VII, to discuss and approve a number of contents under its authority.
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Banks launch promotions to hail Year of the Snake
Banks in Vietnam are trying to attract customers with a variety of promotions at the start of the year.
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VNBA seeks members' opinions on draft Enterprise Law (amended)
The Vietnam Banking Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to solicit opinions on the draft Dossier proposing the development of the Law on Enterprises (amended).
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First private lender successfully issues $118M in green bonds
The Hồ Chí Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has issued VNĐ3 trillion (US$118 million) in green bonds, becoming Việt Nam's first private bank to do so.
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Standard Chartered promotes green and sustainable financing in Việt Nam’s education sector
Standard Chartered demonstrates its support for education sector clients by leveraging its extensive suite of sustainable finance products, helping to accelerate their transition to a more sustainable future.
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Big 4 banks estimate positive business results in 2024
One of the country's biggest banks expects results to be the best for four years.
