News
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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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.
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NA passed the Law amending and supplementing several articles of the Law on Credit Institutions.
With the overwhelming majority of delegates in favor, this morning (June 27), at the 9th Session, the 15th National Assembly officially passed the Law amending and supplementing a number of articles of the Law on Credit Institutions.
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Overnight interbank interest rate hits 16-month low
According to data from the US Federal Reserve’s New York branch, the gap between the US secured overnight financing rate (SOFR) and the Việt Nam’s overnight interest rate on June 18 was 2.28 percentage points.
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Interest rate development applied by credit institutions in May 2025
State Bank of Vietnam has just released the interest rate developments of credit institutions in May 2025
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Overhaul of legal framework aims to tackle bad debts
The financial market has witnessed a wave of mandatory bank acquisitions in the recent past. Early this year, major commercial lenders MB, HDBank, and VPBank took over struggling lenders OceanBank, DongA Bank, and GPBank, respectively.
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On the issuance of the new Circular No.08/2025/TT-NHNN
On June 6, 2025, the Governor of the State Bank of Vietnam (SBV) has issued Circular No. 08/2025/TT-NHNN.
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The State Bank of Vietnam reorganizes the regional branch system
Regional branches of the State Bank of Vietnam (SBVs) will officially come into operation from July 1, 2025, in sync with the new local government system.
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Bank deposits reach record high despite low interest rates
A notable driver was the continued surge in individual deposits, which hit a record high of nearly VND7.5 quadrillion, up 5.73 per cent since the beginning of the year.
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Legalizing digital assets opens investment opportunities in Vietnam
The National Assembly’s adoption of the Law on Digital Technology Industry on June 14 marks a pivotal step toward regulating Vietnam’s fast-growing crypto asset market. The new legal framework is expected to curb fraud, unlock investment opportunities, and create alternative capital channels for businesses.
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SBV Governor calls for overhaul of FDI attraction strategy to drive stronger growth
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Việt Nam's Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
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More credit policies to encourage organic and circular agriculture
The Government has just issued Decree No. 156/2025/ND-CP dated June 16, 2025 amending and supplementing a number of articles of Decree No. 55/2015/ND-CP dated June 9, 2015 of the Government on credit policy for agricultural and rural development, which has been amended and supplemented by a number of articles according to Decree No. 116/2018/ND-CP dated September 7, 2018 of the Government.
