News
Double-digit growth target for 2026-2030: A radical revolution in capital structure is imperative
According to regulators and experts at the "Banking & Finance" thematic session of the Vietnam Economic Forum 2025, held on December 16, Vietnam must undergo a "revolution" in its capital structure to achieve double-digit GDP growth. The primary focus involves easing the burden on the banking system by unlocking the potential of capital markets and professional investment institutions.
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No credit expansion made yet though banks used up all allocated room
Without a further credit increase from the SBV, credit supply has become limited in the fourth quarter as credit strongly surged by nearly 14 per cent in the first nine months of this year while allocated credit room of many banks was used up.
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Total outstanding policy credit reaches VND 398.1 trillion, supporting 6.73 million borrowing households
The Vietnam Bank for Social Policies (VBSP) reached over 398 trillion VND in loans, an increase of 30.4 trillion VND, providing support to more than 6.7 million poor households and policy beneficiaries accessing loans during the first nine months of 2025.
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Banks raise deposit rates as funding pressure builds
Many banks are lifting deposit rates as liquidity tightens, interbank rates surge, and the central bank increases open-market injections to stabilise funding conditions amid strong credit growth and rising capital demand.
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New finance and banking policies taking effect from December 2025
Starting from December 2025, a series of new policies in the finance and banking sectors officially come into effect.
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The Government Decree regulates conditions for collateral seizure of bad debts
The Government has just issued Decree No. 304/2025/ND-CP dated November 25, 2025, which stipulates the conditions for the collateral (secured assets) of bad debts (non-performing loans) to be seized.
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PM calls for more innovative, public-oriented banking sector
Reviewing the banking sector’s past performance, Prime Minister Pham Minh Chinh praised progress in institutional reform, more flexible and proactive monetary policymaking, and macroeconomic stability.
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SBV: On the issuance of the Circular guiding foreign exchange management for outbound investment in oil and gas activities
On October 31, 2025, Deputy Governor Pham Thanh Ha signed Circular No. 40/2025/TT-NHNN guiding foreign exchange management for outbound investment in oil and gas activities (replacing the Circular No. 31/2018/TT-NHNN dated December 18, 2018).
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SBV: On the issuance of Circular No. 45/2025/TT-NHNN amending and supplementing several of articles of the Circular No. 18/2024/TT-NHNN on the bank card operations
The Governor of the State Bank of Vietnam (SBV) signed and issued Circular No. 45/2025/TT-NHNN on November 19, 2025 , which amends and supplements a number of articles of Circular No. 18/2024/TT-NHNN stipulating bank card operations. The Circular will take effect from January 05, 2026.
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Banks stop accepting transactions by passport for VN customers from 2026
Vietnamese citizens must use ID cards or electronic ID cards, not passports, to verify their identity for bank transactions including payments, money withdrawals and card services.
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Interest rate developments applied by credit institutions in October 2025
State Bank of Vietnam has just released the interest rate developments of credit institutions in October 2025.
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Nearly 18 billion cashless transactions recorded in nine months
Nearly 18 billion cashless transactions were recorded in the first nine months of this year, with total value surpassing VNĐ260 quadrillion (nearly US$10 billion).
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SBV: The issuance of the Circular No. 39/2025/TT-NHNN
On the October 31, 2025, the Governor of the State Bank of Vietnam (SBV) signed and promulgated Circular No. 39/2025/TT-NHNN prescribing the opening and use of foreign currency accounts abroad by residents being organizations.
