News
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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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.
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Green Credit – Key for Sustainable Finance Strategy
On April 25, 2025, the State Bank of Vietnam (SBV), in collaboration with the Lao Dong (Labor) Newspaper, organized the Workshop themed “Unblocking Green Credit Flows” under the chairmanship of SBV First Deputy Governor Dao Minh Tu.
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Bad debt legislation to unlock credit
A more robust legal system is crucial to unlocking over $160 billion in credit resources as Vietnam moves to amend the Law on Credit Institutions, preventing a surge in bad debt from turning into dead capital.
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Government approves two-year trial of P2P lending
Under the pilot, only P2P lending companies licensed by the State Bank of Vietnam (SBV) will be allowed to operate. Foreign banks are excluded from participation.
