News
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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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.
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New preferential interest rates for young people under 35 years old to buy social housing and customers investing in projects
The State Bank has just announced preferential interest rates applicable from July 1 to December 31, 2025, for young people under 35 years old borrowing to buy social housing and customers investing and buying houses in social housing projects and worker housing.
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SBV Circular No. 12 on licensing procedures for financial institutions
State Bank of Vietnam issues Circular No.12/2025/TT-NHNN streamlining licensing procedures for financial institutions
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Banks end magnetic cards, require biometrics for firms from July 1
From July 1, banks across Việt Nam stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.
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Vietnam’s credit growth exceeds 7% in H1
Total outstanding credit across Vietnam’s banking system had reached VND16,730 trillion ($656 billion) in the year to June 18, up 7.14% from end-2024, according to the State Bank of Vietnam (SBV).
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Central bank resumes issuing bills after four months of suspension
Four commercial banks won the SBV’s bid for VNĐ3.1 trillion worth of bills with a term of seven days and an interest rate of 3.5 per cent per year.
