News
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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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.
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SBV authorised to grant zero-interest, collateral-free special loans
Special loans from the State budget should only be provided when credit institutions face liquidity difficulties or to facilitate compulsory recovery and transfers. These measures aim to ensure the safety of the banking system and protect depositors’ rights.
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Banking sector issues Action Plan to implement Resolution No. 68-NQ/TW
On June 25, 2025, the Governor of the State Bank of Vietnam issued the Action Plan of the Banking sector to implement Resolution No. 138/NQ-CP dated May 16, 2025 of the Government to implement Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development (Decision No. 2415/QD-NHNN).
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SBV issued a plan to implement Resolution No. 198/2025/QH15
On June 25, 2025, the Governor of the State Bank of Vietnam (SBV) issued the Action Plan of the Banking sector to implement Resolution No. 139/NQ-CP dated May 17, 2025 of the Government to implement Resolution No. 198/2025/QH15 dated May 17, 2025 of the National Assembly on a number of special mechanisms and policies for private economic development (Decision No. 2416/QD-NHNN).
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Groundwork firmly set for banking industry’s digital era
Digital transformation in the banking sector will reach a new height from July 1 when a controlled pilot mechanism will take effect.
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NA passed the Law amending and supplementing several articles of the Law on Credit Institutions.
With the overwhelming majority of delegates in favor, this morning (June 27), at the 9th Session, the 15th National Assembly officially passed the Law amending and supplementing a number of articles of the Law on Credit Institutions.
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Overnight interbank interest rate hits 16-month low
According to data from the US Federal Reserve’s New York branch, the gap between the US secured overnight financing rate (SOFR) and the Việt Nam’s overnight interest rate on June 18 was 2.28 percentage points.
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Interest rate development applied by credit institutions in May 2025
State Bank of Vietnam has just released the interest rate developments of credit institutions in May 2025
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Overhaul of legal framework aims to tackle bad debts
The financial market has witnessed a wave of mandatory bank acquisitions in the recent past. Early this year, major commercial lenders MB, HDBank, and VPBank took over struggling lenders OceanBank, DongA Bank, and GPBank, respectively.
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On the issuance of the new Circular No.08/2025/TT-NHNN
On June 6, 2025, the Governor of the State Bank of Vietnam (SBV) has issued Circular No. 08/2025/TT-NHNN.
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The State Bank of Vietnam reorganizes the regional branch system
Regional branches of the State Bank of Vietnam (SBVs) will officially come into operation from July 1, 2025, in sync with the new local government system.
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Bank deposits reach record high despite low interest rates
A notable driver was the continued surge in individual deposits, which hit a record high of nearly VND7.5 quadrillion, up 5.73 per cent since the beginning of the year.
