News
SBV unveils the strategy for digital transformation of the banking sector until 2030
The State Bank of Vietnam (SBV) is pleased to announce the official release of its Strategy for Digital Transformation of the Banking Sector until 2030. This strategic initiative underscores SBV’s commitment to modernizing Vietnam’s banking industry, leveraging digital technologies, strengthening infrastructure, and fostering an integrated financial ecosystem that supports sustainable growth and inclusive finance.
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Banks see strong Q3 profits on surging forex trading
Banks recorded solid third-quarter earnings, with strong gains from foreign exchange trading helping cushion the impact of slower credit growth.
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SBV asks banks to support storm-hit customers
Under Document 951/NHNN-TD issued on Tuesday, SBV has asked commercial banks, branches of foreign banks and SBV’s regional offices in areas affected by storms to promptly restore operations and support affected customers.
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HCM City bank lending rises by 10 per cent, focus on production and business
The trend underscores the sector’s efforts to implement Government credit priorities, supporting economic growth and maintaining financial stability in the country’s southern economic hub.
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Banks tighten coordination to curb digital financial fraud
The upcoming signing of the Hanoi Convention on Cybercrime on October 25–26 highlights Việt Nam’s proactive role in promoting a secure digital environment.
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Banks must sell bad debts to VAMC if NPL ratio reaches 3 per cent
Under the draft, banks exceeding the threshold must transfer bad debts to VAMC based on inspection and valuation results to maintain a safe NPL ratio.
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Governor Nguyen Thi Hong: Social housing development requires identifying the right needs and appropriate support mechanisms.
Speaking at the Conference with ministries, branches, localities and enterprises on breakthrough solutions for social housing development chaired by Prime Minister Pham Minh Chinh, Head of the Central Steering Committee on housing policy and real estate market on the morning of October 24, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong emphasized the importance of clearly identifying needs, scope of support and specific financial solutions to promote social housing.
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Interest rate developments applied by credit institutions in September 2025
State Bank of Vietnam has just released the interest rate developments of credit institutions in September 2025.
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Inspection finds major banks misused trillions of đồng from bond issues
Inspectors concluded that three of the five banks used bond proceeds for the wrong purpose.
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Bank deposits hit record highs as interest rates stay low
Deposits from individual customers continued to hit a new peak of nearly VNĐ7.75 quadrillion, up 9.68 per cent compared to the end of 2024.
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Vietnam's central bank struggles to rein in cross-ownership
Cross-ownership and bank manipulation in Vietnam have eased, yet control remains elusive as shareholders and related parties conceal ownership through nominees, the State Bank of Vietnam (SBV) said in a report to the country’s legislature.
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Vietnam intensifies anti-money laundering efforts, pushing to exit FATF grey list
HANOI – On October 15, the fight against money laundering (AML) was reaffirmed as a top national priority as Deputy Prime Minister Ho Duc Phoc, Head of the National Steering Committee on AML, chaired a critical review meeting. The meeting concluded that AML is an ongoing and crucial task—not just for preventing corruption and illegal acts, but for fostering transparent and sustainable economic development.
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Announcement regarding the issuance of Circular No. 34/2025/TT-NHNN
The State Bank of Vietnam (SBV) hereby announces the issuance of a new circular guiding a number of articles of the Government's Decree No. 24/2012/ND-CP on the management of gold business activities, which was amended and supplemented by Decree No. 232/2025/ND-CP.
