News
SBV charts roadmap towards market-based credit growth control
Vietnam is preparing to eliminate administrative credit growth quotas, aiming for a market-based approach by 2026 to better manage inflation, support financial stability, and align with global regulatory practices.
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SBV outlines key monetary policy directions in later half of 2025
Hanoi, Vietnam – July 8, 2025 – The State Bank of Vietnam (SBV) today unveiled its key orientations for monetary policy management and banking operations for the remainder of 2025. Demonstrating a steadfast commitment to prioritizing economic growth while maintaining macroeconomic stability and controlling inflation, the SBV will continue to implement comprehensive, flexible, and effective solutions, closely coordinating with fiscal and other policies.
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Prime Minister requests urgent removal of credit growth cap regulation
Prime Minister Phạm Minh Chính on Thursday requested the SBV to promptly remove the regulation on assigning a credit cap to each commercial bank.
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Interest rates on downward trajectory
Persistently low volumes in collateralised open market operations lending, and the central bank’s steady net withdrawals, have underscored a surplus of VND liquidity in the banking system, bolstering market confidence and driving interbank rates to fresh lows.
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New preferential interest rates for young people under 35 years old to buy social housing and customers investing in projects
The State Bank has just announced preferential interest rates applicable from July 1 to December 31, 2025, for young people under 35 years old borrowing to buy social housing and customers investing and buying houses in social housing projects and worker housing.
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SBV Circular No. 12 on licensing procedures for financial institutions
State Bank of Vietnam issues Circular No.12/2025/TT-NHNN streamlining licensing procedures for financial institutions
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Banks end magnetic cards, require biometrics for firms from July 1
From July 1, banks across Việt Nam stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.
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Vietnam’s credit growth exceeds 7% in H1
Total outstanding credit across Vietnam’s banking system had reached VND16,730 trillion ($656 billion) in the year to June 18, up 7.14% from end-2024, according to the State Bank of Vietnam (SBV).
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Central bank resumes issuing bills after four months of suspension
Four commercial banks won the SBV’s bid for VNĐ3.1 trillion worth of bills with a term of seven days and an interest rate of 3.5 per cent per year.
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SBV authorised to grant zero-interest, collateral-free special loans
Special loans from the State budget should only be provided when credit institutions face liquidity difficulties or to facilitate compulsory recovery and transfers. These measures aim to ensure the safety of the banking system and protect depositors’ rights.
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Banking sector issues Action Plan to implement Resolution No. 68-NQ/TW
On June 25, 2025, the Governor of the State Bank of Vietnam issued the Action Plan of the Banking sector to implement Resolution No. 138/NQ-CP dated May 16, 2025 of the Government to implement Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development (Decision No. 2415/QD-NHNN).
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SBV issued a plan to implement Resolution No. 198/2025/QH15
On June 25, 2025, the Governor of the State Bank of Vietnam (SBV) issued the Action Plan of the Banking sector to implement Resolution No. 139/NQ-CP dated May 17, 2025 of the Government to implement Resolution No. 198/2025/QH15 dated May 17, 2025 of the National Assembly on a number of special mechanisms and policies for private economic development (Decision No. 2416/QD-NHNN).
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Groundwork firmly set for banking industry’s digital era
Digital transformation in the banking sector will reach a new height from July 1 when a controlled pilot mechanism will take effect.
