News
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The Banking sector rolls out credit program targeting economic growth drivers and SMEs
The State Bank of Vietnam (SBV) recently issued Document No. 7125/NHNN-TD, dated August 7, 2026, addressed to commercial banks and SBV regional branches regarding the implementation of a credit program aimed at economic growth drivers and small and medium-sized enterprises (SMEs).
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Prime Minister holds a working session with the State Bank of Vietnam and the system of credit institutions
On the morning of August 13, 2026, at the Government Headquarters, Prime Minister Le Minh Hung chaired a strategic conference with the State Bank of Vietnam (SBV) and the system of credit institutions. The event aimed not only to assess the monetary landscape of the first seven months of the year, but also to chart the course for macroeconomic management, unlock capital resources, and elevate the operational quality of the financial system ahead of new economic challenges.
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Eight key solution groups in the overall reform of Vietnam's financial market.
Deputy Prime Minister Nguyen Van Thang recently signed Decision No. 1413/QD-TTg dated July 27, 2026, approving the Comprehensive Reform Plan for Vietnam's Financial Market, linked to achieving high and sustained growth targets until 2045 (the Plan).
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Liquidity shocks are a sign of rising capital costs
This year’s sudden spike in overnight rates on the interbank market to around 17 percent per year in a single session startled many observers.
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SBV orders tighter payment security after detecting chip theft fraud
The SBV asked payment service providers to urgently review their payment operations and step up measures to protect customers against increasingly sophisticated forms of card fraud.
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Việt Nam introduces special policies to strengthen anti-money laundering framework
The revisions focus on key areas, including the definition of beneficial ownership, verification of customer information, transparency of legal arrangements, risk-based customer classification and the frequency of updating customer information.
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Funding shortages keep deposit rates elevated despite central bank efforts
State Bank of Vietnam (SBV) Governor Phạm Đức Ấn said strong credit demand had made it increasingly difficult for the central bank to steer interest rates lower.
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Lenders turn to high-yield certificates of deposit to shore up liquidity
Banks are offering certificates of deposit with yields of up to 9 per cent as funding competition intensifies, with robust credit growth outpacing deposit mobilisation and keeping liquidity pressures elevated.
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Interest rate developments applied by credit institutions in June 2026
State Bank of Vietnam has just released the interest rate developments of credit institutions in June 2026.
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Banks must provide customers with options for registering credit limits and waiting period.
To help customers minimize risks during payment transactions and prevent fraud, the State Bank of Vietnam (SBV) recently issued document 6190/NHNN-TT dated July 14, 2026, requiring banks and branches of foreign banks to provide customers with a service for registering credit limits and waiting periods. Simultaneously, the SBV requires banks and branches of foreign banks to develop specific implementation plans and execute them before March 1, 2027.
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Banks must not trade off system security for short-term growth: Governor
The State Bank of Vietnam has warned banks not to sacrifice cybersecurity, data protection and customer trust for short-term growth as the sector accelerates digital transformation and AI adoption.
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New policy in foreign exchange reserve management proposed
The State Bank of Vietnam (SBV) has proposed more flexible market intervention tools in a draft decree amending the management of the country's foreign exchange reserves.
