News
Banking industry promotes digital transformation for smart digital ecosystem
The digital transformation of the banking industry must be further promoted to better the connection between commercial banks with people, enterprises and the State, Prime Minister Phạm Minh Chính said at a banking event on Thursday.
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National gold exchange key to Vietnam’s market control
Creating and operating a national gold exchange forms the foundation for effective gold market management and control in Vietnam, writes economic expert Assoc. Prof. Dr. Nguyen Dinh Tho.
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Effective AI in banking and finance factor a prerequisite
Despite the numerous advantages of using AI in auditing and consulting, such systems remain prone to errors and must be used properly, according to experts at a Ho Chi Minh City seminar on May 23.
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Interest rate development applied by credit institutions in April 2025
State Bank of Vietnam has just released the interest rate developments of credit institutions in April 2025
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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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Vietnam to freeze corporate bank accounts without biometric verification
From July 1, 2025, all business transactions must meet new biometric compliance.
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Banking sector steps up action plan to boost green credit
SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam."
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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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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.
