News
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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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.
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EIB to help SBV in promoting green finance
On March 12, 2025, Deputy Governor Nguyen Ngoc Canh met with Ms. Nicola Beer, Vice President of the European Investment Bank (EIB), at the headquarters of the State Bank of Vietnam (SBV)
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Banking sector aims to lend $2.78 million in Region 4 in 2025
The provinces in Region 4 are important geographical locations, with Lào Cai and Hà Giang bordering with China to the North, and Vĩnh Phúc and Phú Thọ bordering with Hà Nội to the South.
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SBV requests banks to proactively supply credit for rice production, processing, and export in Mekong Delta
Implementing the direction of the Prime Minister on the management to ensure the balance of rice supply and demand amid global and domestic market developments, and to promptly meet the credit needs for the production, processing, temporary storage and export of rice, especially for the purchase of commercial rice in the 2025 Winter-Spring crop in the Mekong Delta provinces, the State Bank of Vietnam (SBV) has requested the SBV branches No. 13, 14, and 15 to implement a number of key tasks.
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Banks adjust to balance and cut costs
With simultaneous interest rate cuts and accelerated credit disbursement, banks are fuelling Vietnam’s economic breakthrough, driving towards the ambitious targets of 8 per cent GDP growth and 16 per cent credit expansion this year.
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Deputy Governor Pham Tien Dzung meets Senior Executive Vice President of ICBC
On February 28th, 2025, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Tien Dzung had a meeting with Mr. Zhang Wei Wu, Senior Executive Vice President of the Industrial and Commercial Bank of China (ICBC). Also attending the meeting, one the SBV’s side, there were representatives of the International Cooperation Department, the Payment Department, and the National Payment Corporation of Vietnam (NAPAS).
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Measures to reduce lending interest rates to promote economic growth
On the afternoon of March 5, 2025, in Hanoi, the Government Office held a regular Government press conference for February 2025.
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Commercial banks upbeat about achieving high profits in 2025
Vietnamese commercial banks are optimistic about their 2025 profit targets, with many expecting increases of 20 per cent to 30 per cent due to anticipated robust economic growth and a resurgence in credit activity.
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PM calls for measures against banks increasing deposit interest rates
The government has ordered inspections of commercial banks that have raised deposit interest rates and mandated strict penalties for non-compliance, all aimed at achieving an 8 percent growth target.
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Banks pledge to support growth goals
Banks are committed to supporting the government’s directives by proposing solutions for a stronger banking system and lowering lending rates, helping the economy achieve over 8 per cent growth this year.
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Administrative procedures’ control and reforms of business regulations
On January 22, 2025, the State Bank of Vietnam (SBV) issued Decision No. 147/QD-NHNN on the SBV’s Implementation Plan for the administrative procedures’ control and the reforms of the business regulations as required for in Resolution No. 02/NQ-CP and other Resolutions of the Government in 2025.
