News
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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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.
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SBV works to ensure $20b preferential credit package is effective and safe
The SBV has been actively developing and refining the mechanism to implement the largest credit package ever, with a total value of up to VND500 trillion.
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21 commercial banks register for 500,000 billion VND credit package
The State Bank of Vietnam (SBV) has worked with banks to deploy a credit package of about VND500,000 billion to support businesses investing in infrastructure and digital technology. Currently, 21 commercial banks have registered to participate with different commitment scales.
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Core factors for Vietnamese banks to reach out globally
In the era of globalization, brand is not only an identification factor but also a key strategic asset of each organization, especially in the banking sector - where trust and reputation determine existence and development. For Vietnam, the goal of bringing some commercial banks into the Top 100 in Asia, and even listing internationally, is an ambitious step.
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Vietnamese banks promote development of global strong brands
The State Bank of Vietnam (SBV) will require Vietnamese banks to develop systematic and long-term brand strategies to establish regional and globally-strong banking brands.
