News
Gov’t directs the central bank to expand credit growth target
One of the key programmes being promoted is a credit package of VNĐ100 trillion for the agriculture, forestry and fishery sectors.
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Credit expects to surge as interest rates bottom out
Widespread deposit rate cuts have pushed Vietnamese banks’ interest rates to their lowest in two years, even as the pace of decline begins to slow.
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Proposal to give State Bank special lending authority
State Bank governor Nguyễn Thị Hồng explained that the changes are necessary in light of rapid technological advancements and the increasing ease of banking transactions, which have made sudden mass withdrawals more likely.
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Entire banking industry to apply technology and digital transformation
On the morning of May 27, 2025, the State Bank of Vietnam held a conference to launch the movement "The whole country competes in innovation and digital transformation" and "Digital literacy" in the banking sector in conjunction with the implementation of Resolution No. 57-NQ/TW dated December 22, 2024 of the Politburo.
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National gold exchange key to Vietnam’s market control
Creating and operating a national gold exchange forms the foundation for effective gold market management and control in Vietnam, writes economic expert Assoc. Prof. Dr. Nguyen Dinh Tho.
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Effective AI in banking and finance factor a prerequisite
Despite the numerous advantages of using AI in auditing and consulting, such systems remain prone to errors and must be used properly, according to experts at a Ho Chi Minh City seminar on May 23.
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Interest rate development applied by credit institutions in April 2025
State Bank of Vietnam has just released the interest rate developments of credit institutions in April 2025
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SBV issued Circular No. 03/2025/TT-NHNN
Hanoi, April 29, 2025 - The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 03/2025/TT-NHNN stipulating the opening and use of VND bank accounts for the purpose of making indirect investment in Vietnam (replacing Circular No.05/2014/TT-NHNN dated March 12, 2014 of the SBV).
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Vietnam to freeze corporate bank accounts without biometric verification
From July 1, 2025, all business transactions must meet new biometric compliance.
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Banking sector steps up action plan to boost green credit
SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam."
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The 2-level local government model in the financial and banking sector
Deputy Prime Minister Ho Duc Phoc has just signed the Official Dispatch No. 67/CD-TTg dated May 19, 2025 of the Prime Minister sent to the Minister of Finance and Governor of the State Bank of Vietnam requesting the implementation of the Plan to develop decrees on decentralization, delegation of authority, and assignment of authority associated with the 2-level local government organization model in the field of finance and banking.
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57 credit institutions have assessed environmental and social risks when lending
Sustainable Development Goals (SDGs) reporting plays an extremely important role for banks in the current context and is an inevitable and dominant development trend of the banking industry. In 2024, the number of SDGs reports published increased to a record 33 organizations, of which 06 more banks have just published SDGs reports.
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Credit institutions remain decisive to push against headwinds
Credit growth is becoming increasingly difficult to sustain amid mounting external pressures. Nguyen Quoc Hung, Vice chairman and General Secretary of the Vietnam Banks Association, talked with VIR’s Vy Vy how banks must go beyond restructuring growth models.
