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Implement effectively management measures for monetary policy and banking operations in 2025
The Governor of the State Bank of Vietnam (SBV) has issued Directive No. 01/CT-NHNN dated 20 January 2025 on the key tasks of the banking sector in 2025.
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VNBA seeks members' opinions on draft Decrees detailing the Data Law
The Vietnam Bank Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to solicit opinions on the draft Decrees detailing the Data Law.
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Four banks to hold shareholders' meetings in February and March
The four – Nam A Bank, VIB, Vietcombank and Eximbank – are preparing to hold their shareholders' meetings in February and March 2025.
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VNBA seeks members' opinions on the Draft Bankruptcy Law (amended)
The Vietnam Banks Association (VNBA) has just sent an official dispatch to the General Directors of member organizations to solicit opinions on the Draft Bankruptcy Law (amended).
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VNBA opens training courses on cybercrime prevention for banking
It is expected that in March and April 2025, the Vietnam Banks Association (VNBA) will organize 4 training courses on cybercrime prevention related to banking activities. We respectfully invite members to send representatives to attend.
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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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Banks stimulate credit from the beginning of 2025
Many banks have implemented loan packages with preferential interest rates. Currently, the lowest short-term loan interest rate is from 4.5 per cent.
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PM Phạm Minh Chính asks credit institutions to stabilise gold market
Prime Minister Phạm Minh Chính signed Directive No. 03/CT-TTg on February 4, 2025, highlighting key tasks for implementation after the 2025 Lunar New Year holiday. The directive includes a special emphasis on stabilising the gold market in Việt Nam.
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Banking mergers and acquisitions drive Vietnam’s future aspirations
If the activities and initiatives over the past few years are any indication to go by, we can safely say that the Vietnam’s banking sector will be entering a transformative phase in 2025 and beyond, marked by significant mergers and acquisitions (M&A) that have reshaped the industry landscape over the past few months.
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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.
