News
Majority of credit institutions forecast profit growth in 2024
A total of 86.2 per cent of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Việt Nam (SBV).
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14 banks are systemically important in 2024
The State Bank of Vietnam (SBV) has issued the Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country's banking system in 2024.
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SBV Governor attended high-level Seminar on "Making the most of opportunities in a changing world"
On April 3, 2024, the Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong attended a high-level seminar on "Taking advantage of development opportunities in a changing world" held in Luang Prabang, Laos as a main speaker.
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Future of digital banking hinges on data security: experts
Data security and privacy play a pivotal role in the digital transformation of the finance and banking sector, according to experts.
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Big data essential to ensure continuous operations of banking industry
Data security is an important issue in ensuring continuous operations, and is considered a vital factor for banks. The Smart Banking Summit 2023 was organised by the Vietnam Banks Association (VNBA) in collaboration with IEC Group, under the professional sponsorship of the State Bank of Vietnam (SBV), in Hanoi on October 6.
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Interest rate cut expected to stimulate demand for home loans
According to a report by the State Bank of Vietnam (SBV), people’s demand for home loans and home repairs decreased by 1.12 per cent in the first half of this year, while the loans increased by up to 31 per cent last year.
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Banks must prepare to respond to non
Risk management has become an extremely important task for all banks.
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SBV: 120 trillion VND social housing credit package rolled out
To date, 10 provinces have sent their lists of projects for access to a 120 trillion VND (5.11 billion USD) housing credit package, heard an online conference on reviewing a resolution to remove difficulties for the development of the real estate market chaired by Prime Minister Pham Minh Chinh on August 3.
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Bankers proposed resolution to support firms, people
The Vietnam Banks Association (VNBA) has suggested the Government submit a request to the National Assembly for a resolution to support firms and people to overcome difficulties and promote business development like they did during the COVID-19 pandemic.
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Vietnamese banks prove attractive to foreign investors
A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.
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Banks lower deposit interest rates
Banks have lowered deposit rates by 0.4-1.1 percentage points, but the rates have remained relatively high across the board.
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Insiders call for revision to draft on e-transactions
Lawmakers are gathering comments on a draft amending the Law on E-Transactions, and insiders comment that the draft needs revisions to be more practical.
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Effective delivery of preferential loans needed for firms
A clear mechanism is essential to ensuring a preferential credit package will benefit pandemic-hit firms and contribute to economic recovery.
