News
Prime Minister: Banks need to sacrifice part of their profits to reduce lending rates, support the economy, people and businesses
On the morning of February 11, 2025, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired the Government Standing Committee Conference to work with commercial banks to accelerate, break through, promote growth and control inflation.
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Digital banking services in Việt Nam make remarkable stride
More than 87 per cent of Việt Nam’s adult population now hold payment accounts at banks while many credit institutions are processing more than 95 per cent of transactions through digital channels.
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Banking sector asked to move past difficulties, create breakthroughs
Visiting the State Bank of Vietnam (SBV) on the first working day after the nine-day Tết holiday - PM Phạm Minh Chính commended the central bank for proactively monitoring both international and domestic economic developments.
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Credit growth to drive bank stock valuations in 2025
Credit growth is projected to be the main catalyst for driving bank stock prices in 2025, building on the undervaluation observed in the previous year.
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2025 a new era for financial institutions
Recent adjustments to Việt Nam's economic growth forecasts from major financial institutions highlight growing confidence in the country's economic trajectory.
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Remittances to HCMC soar to $9.6B
Remittances to HCMC last year were worth a record US$9.6 billion after rising by $140 million from 2023.
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Majority of credit institutions expect profit growth in 2025
According to an SBV survey, In 2025, 85.1 per cent of credit institutions expect their pre-tax profits to grow positively compared to 2024.
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Bank credit pours into the economy reaching $611 billion
Announcing performance results of the banking industry in Hà Nội, the deputy governor of the SBV said monetary policy in 2024 was reasonable, ensuring the country’s GDP growth at 7.08 per cent and inflation under control at 3.6 per cent.
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State Bank sets higher credit growth target for 2025
The credit growth target for the banking system in 2025 has been set higher than in 2024.
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Innovative banking drives CASA recovery to 20 per cent threshold
In 2024, the Current Account Savings Account ratio in Việt Nam’s banking sector rebounded from its lowest point and stabilised at around 20 per cent.
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Bank transfers lead to rebranding phase
Vietnam’s banking landscape is being reshaped by mandatory transfers, marking a pivotal step in stabilising weak banks and strengthening the sector.
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Five banks qualify for year-end credit room expansion
Five banks, including Vietinbank, ACB, VIB, Techcombank and MSB, have qualified for the credit room expansion in the last time of this year
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SBV confident that credit growth can achieve 15% target
This was the assessment of First Deputy Governor Dao Minh Tu of the State Bank of Vietnam (SBV) when answering the correspondents’ questions at the regular monthly Government’s press conference for November 2024.
