News
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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WB and ADB provide $400 million for three projects in Vietnam
The World Bank and the Asian Development Bank will provide loans and grants worth $400 million for three socio-economic development projects in Vietnam.
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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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SBV continues to review and cut administrative procedures
100% of the intra-government administrative procedures between the State Bank of Vietnam (SBV) and other State administrative agencies, as well as the internal procedures within the SBV, will be reviewed and simplified.
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Credit Program worth VND 100,000 billion for Agriculture, Forestry and Fisheries Sectors
The State Bank of Vietnam (SBV) has requested the commercial banks to expand their lending targets in implementing the Credit Program for the Agriculture, Forestry and Fisheries Sectors.
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Seminar discusses how to successfully restructure banking sector
Experts explored the root causes behind both the successes and failures of Việt Nam’s bank restructuring efforts, while proposing practical measures to enhance their effectiveness going forward, at a seminar in HCM City on April 11.
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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.
