News
Implementing the credit program for investment in electricity, transportation, and strategic technology infrastructure
On December 08, 2025, the State Bank of Vietnam (SBV) issued Official Letter No. 10825/NHNN-TD to 21 Commercial Banks (CBs) providing guidelines for the implementation of the Credit Program for Strategic Infrastructure Investment (Electricity, Transport, and Technology).
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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.
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SBV: The issuance of Circular No. 43/2025/TT-NHNN
On November 14, 2025, the Governor of the State Bank of Vietnam signed and promulgated Circular No. 43/2025/TT-NHNN amending and supplementing several articles of Circular No. 08/2022/TT-NHNN prescribing the order and procedures for bank supervision.
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Coordinated fiscal and monetary policy helps keep inflation stable
Coordination between fiscal and monetary policy, as well as the Ministry of Finance’s efforts to stabilise prices, has been essential in maintaining price stability and strengthening public and business confidence, according to economists.
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Viet Nam accelerates credit growth in the final months of 2025
As Viet Nam enters the fourth quarter, the economy is showing many positive signs: industry is recording double-digit growth, exports are surging, and inflation remains under control. Amid this recovery, credit flows within the banking system continue to play the role of the economy’s lifeblood, flowing strongly into production and business activities and creating momentum for sustainable growth.
