News
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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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.
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Banks face difficulties in requiring SOE shareholders to divest
According to the current regulations, the share ownership cap by an institutional shareholder in a credit institution is reduced from 15 per cent to 10 per cent and for an individual and his/her related parties from 20 per cent to 15 per cent.
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Central bank releases draft amended Law on Credit Institutions
Credit institutions are facing potential bad debt risks because Resolution No 42/2017/QH14 has expired.
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Foreign ownership expansion opens new opportunities for banks
The latest move to expand the foreign ownership limit in select commercial banks marks a pivotal step in banking sector reform by offering capital-raising opportunities, boosting market liquidity, and signalling a new phase of strategic investor engagement.
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Ministries, agencies asked to take measures to effectively manage gold market
However, along with pending internal shortcomings, the unusual and unprecedented developments in the world geopolitical situation since the beginning of 2025 have pushed international gold prices to continuously increase, resulting in strong fluctuations in domestic gold prices, and the growing gap between domestic and world gold prices.
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Amending and supplementing the Law on Credit Institutions in the new era
According to financial and banking experts, amending and supplementing a number of articles of the Law on Credit Institutions is a correct policy, consistent with the country's development process in the new era.
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Banks cut staff and transaction branches amid digital promotion
VietinBank will be the first bank in the country’s group of four largest banks (Big4) to cut the number of its transaction branches.
