News
Vietnam’s economy is showing resilience amid global headwinds
Amid global uncertainties, Vietnam is navigating both opportunities and challenges. Nguyen Thuy Hanh, CEO of Standard Chartered Vietnam, shared her outlook with VIR’s journalist.
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Interest rate cut requires a trade-off in foreign exchange rate
Phạm Chí Quang, Director of the State Bank of Vietnam (SBV)’s Monetary Policy Department, talks about the cause of the đồng devaluation and forecasts the đồng in the second half of 2025.
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SBV Action Plan to implement the National Strategy on Green Growth
State Bank of Vietnam (SBV) has coordinated with the German Agency for International Cooperation (GIZ), the International Finance Corporation (IFC), and the Swiss Secretariat for Economic Affairs (SECO) in organizing a Workshop to promote the implementation of the Banking Sector's Action Plan to implement the National Strategy on Green Growth for the period 2021 – 2030, and the Launching Ceremony of the Handbook on Environmental and Social Risk Management System in Credit Granting Activities.
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Autonomy and stability balanced via credit reform
The State Bank of Vietnam is setting out a roadmap towards removing credit growth ceilings, accompanied by efforts to enhance the autonomy of credit institutions.
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Vietnamese banks set for growth on major policy shift
Experts believe that if managed properly, lifting credit room restrictions will enhance lending flexibility, allowing for a more natural adjustment of capital supply and demand, thereby facilitating investment and production needs in the economy.
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Data is crucial for banking industry to move to new development phase
The banking industry, one of the leading fields in applying technology and digitalising services, has all the conditions to move to a new development phase where data is considered the centre for all operations, decision-making and customer service, Vice Chairman and General Secretary of the Vietnam Banks Association (VNBA) Nguyễn Quốc Hùng said on Wednesday.
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SBV charts roadmap towards market-based credit growth control
Vietnam is preparing to eliminate administrative credit growth quotas, aiming for a market-based approach by 2026 to better manage inflation, support financial stability, and align with global regulatory practices.
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Small banks forecast to lead growth in H2 2025
Analysts believe that private banks will benefit from policies to encourage the private economy and improve asset quality.
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Vietnamese banking sector a rising ASEAN dragon
The Vietnamese banking sector is currently defined by a dynamic of cautious optimism. The State Bank of Vietnam has set a high credit growth target of approximately 16 per cent, a figure that stands out in the region and reflects the strong demand for capital from the nation’s burgeoning manufacturing, trade, and recovering real estate sectors.
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Results of monetary policy management and banking operations in H12025
State Bank of Vietnam steers monetary policy for growth and stability in H1 2025 amidst global uncertainties
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SBV outlines key monetary policy directions in later half of 2025
Hanoi, Vietnam – July 8, 2025 – The State Bank of Vietnam (SBV) today unveiled its key orientations for monetary policy management and banking operations for the remainder of 2025. Demonstrating a steadfast commitment to prioritizing economic growth while maintaining macroeconomic stability and controlling inflation, the SBV will continue to implement comprehensive, flexible, and effective solutions, closely coordinating with fiscal and other policies.
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Prime Minister requests urgent removal of credit growth cap regulation
Prime Minister Phạm Minh Chính on Thursday requested the SBV to promptly remove the regulation on assigning a credit cap to each commercial bank.
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Interest rates on downward trajectory
Persistently low volumes in collateralised open market operations lending, and the central bank’s steady net withdrawals, have underscored a surplus of VND liquidity in the banking system, bolstering market confidence and driving interbank rates to fresh lows.
