News
Synchronously implement solutions to support businesses in overcoming challenges
On the afternoon of April 17, 2025, the Vietnam Federation of Commerce and Industry (VCCI) organized the "Business Forum 2025: Supporting businesses to overcome challenges and improve competitiveness". Sharing at the forum, Dr. Nguyen Quoc Hung, Vice Chairman cum General Secretary of the Vietnam Banks Association (VNBA) emphasized the need to synchronize solutions to help businesses overcome challenges and improve competitiveness.
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Bank credit needs to flow into real estate segments with higher demand
Data from the rating agency FiinRatings showed that credit growth for the whole economy was 15.08 per cent last year, while credit growth for real estate developers was up to 28.5 per cent, four times higher than credit for home buyers.
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Banking Database to Enhance Management Efficiency of Banking Operations
In the morning of April 8, 2025, in Hanoi, the State Bank of Vietnam (SBV) organized a Launching Workshop for the Project on “Assessment of the current state of the shared specialized banking database” under the chair of Deputy Governor Pham Thanh Ha.
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Banks join forces to support infrastructure and technology investments
Commercial banks have hailed the government’s $20 billion credit package aimed at supporting infrastructure and digital technology.
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Policy Dialogue between ASEAN Central Bank Governors and Finance Ministers with CEOs of Financial Institutions
On April 9, 2025 in Kuala Lumpur, Malaysia, within the framework of the ASEAN Central Bank Governors and Finance Ministers Meeting (AFMGM) 2025, a Policy Dialogue between ASEAN Central Bank Governors and Chief Executive Officers (CEOs) of financial Institutions took place.
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World Bank to help SBV build shared database for the banking industry
The State Bank of Vietnam (SBV) has initiated a project to build a shared database for the banking industry, which will be supported by the World Bank and implemented by KPMG Vietnam.
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Q1: Credit grows 2.5 times YOY with great efforts from banking system to support economy
In the morning of April 6, 2025, Prime Minister Pham Minh Chinh chaired the regular Government meeting for March 2025 and the Government's virtual conference with the provinces to discuss many important matters. Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) attended and delivered a speech at the meeting.
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SBV's credit growth target helps real estate recovery
Experts said a large portion of this influx of cash will likely flow into promising investment avenues like real estate and securities, especially given the current volatility in the gold market.
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Developments of interest rates applied by credit institutions (February 2025)
The interest rates of deposits in VND: The average deposit interest rates in VND were at 0.1-0.2% p.a. for demand and below 1-month terms;
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Central bank required to consider proposals on Basel III application
Prime Minister Phạm Minh Chính has directed the State Bank of Vietnam (SBV) to consider commercial banks’ proposals on implementing Basel III international banking standards.
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Top-performing banks in Việt Nam unveiled
The 2025 rankings reveal a slight decline in overall brand health scores across the banking sector, which is attributed to reduced marketing investments in 2024. As banks scaled back promotional efforts, the market stabilised, resulting in minimal shifts in brand performance.
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Foreign ownership at acquirers of weak banks to rise to 49%
The new decree also regulates that the total share ownership of foreign investors at a Vietnamese non-bank credit institution will also not be allowed to exceed 50 per cent of the institution’s charter capital.
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IFC, SECO Strengthen Partnership to Bolster Supply Chain Finance
To boost the competitiveness of Vietnamese smaller businesses, IFC, the Embassy of Switzerland, local authorities and business stakeholders celebrated the launch of the second phase of their supply chain finance (SCF) program. With a five million Swiss Francs grant from the State Secretariat for Economic Affairs (SECO) through 2029, this initiative aims to help over half a million Vietnamese small and medium enterprises (SMEs) access up to $35 billion in working capital.
