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Vietnam Banks Association’s visit to Korea
On October 14-16, 2024, the Vietnam Banks Association (VNBA) visited and had working sessions in Korea. Vice President cum General Secretary Nguyen Quoc Hung led the delegation.
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SBV conducts synchronous measures to enable businesses and people to access bank credit resources
On October 17, 2024, in Hanoi, the State Bank of Vietnam (SBV) organized a Press Conference under the chair of First Deputy Governor Dao Minh Tu to disseminate the results of the monetary policy management and the banking operations in the third quarter of 2024.
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Eximbank denies system risk rumours, confirms stable operations
The bank stated that it has requested the relevant authorities to investigate and clarify the motives behind the dissemination of this document to safeguard the legitimate rights and interests of the bank, its customers, shareholders and partners.
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State Bank of Vietnam to inspect banks, gold trading enterprises
The inspection is part of the efforts to narrow the gap between international and domestic gold prices.
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Mastercard and NAPAS jointly announce the first co-badged card in Việt Nam
Mastercard, a global technology company in the payments industry, along with the National Payment Corporation of Việt Nam (NAPAS) and nine banks, has announced a Memorandum of Understanding (MoU) to introduce the first NAPAS – Mastercard co-badged card in Việt Nam.
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Acquisitions to help boost restructuring of weak banks
Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
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Techcombank to launch new non-life insurance company
Techcom Non-Life Insurance Joint Stock Company (TCGIns) has received approval from the Ministry of Finance and is scheduled to begin operations in early November.
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HCM City banks, businesses enhance connection for loans
HCM City’s programme to link banks and businesses to enable lending to the latter has greatly assisted them with accessing preferential credit and promoted lending growth, according to the State Bank of Vietnam.
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Promoting "agriculture, rural areas and farmers" to develop rapidly and sustainably
On October 9, 2024, in Hanoi, under the instructions of the State Bank of Vietnam (SBV), the Banking Review, in collaboration with the Department of Credit for Economic Sectors, organized a Workshop on "Financial and credit solutions to promote "agriculture, rural areas and farmers" to develop rapidly and sustainably".
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State-owned banks struggle to increase capital
While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.
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Individual customers' bank savings hit record high
Individual customers' banking deposits hit a record high of more than VNĐ6.83 quadrillion as of the end of July 2024, newly released data from the State Bank of Vietnam (SBV) shows.
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Central bank confident about credit growth this year
The State Bank of Việt Nam is confident about reaching this year's credit growth target, as lending is expected to accelerate in the remaining months of the year on the recovery of production and business, Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú has said.
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Banks not allowed to offer promotions to depositors
Credit institutions are prohibited from offering promotional incentives in cash, interest, or other forms to attract depositors, according to new circulars on deposit interest rates for VND and USD.
