News
More than 86 million bank accounts to be terminated from September 1
The SBV stated that the deletion of over 86 million bank accounts was considered a system cleanup measure.
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Shinhan Bank: Modified Terms & Conditions for consumer credit card and debit card
Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) would like to express our sincere thanks for your having trusted and used our Card products during the last time.
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Banking Law Club strengthens Executive Board
On July 4, 2025, the Banking Law Club (BLC), an organization under the Vietnam Banks Association (VNBA), held an important meeting to strengthen the personnel of the Executive Board for the 6th term (2025-2027). The event was attended and directed by Dr. Nguyen Quoc Hung, Vice President and General Secretary of VNBA, affirming the importance of the Club in the activities of VNBA.
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VNBA Consumer Finance Club (2nd term 2025-2028) held the 1st talk
On the morning of July 4, 2025 in Hanoi, the Executive Board of the Consumer Finance Club of the Vietnam Banks Association (VNBA CFC) for the second term (2025-2028) held its first meeting. The meeting agreed on the Action Program to implement the Resolution of the Club Conference held on June 6, 2025, with many specific goals and solutions for the development of the industry. Dr. Nguyen Quoc Hung, Vice President and General Secretary of VNBA attended and directed the meeting.
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TCB, Mobifone and One Mount Group establish digital payment company
Mobifone, Techcombank and One Mount Group recently contributed capital to establish a digital payment company with a capital of 300 billion VND.
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Regulatory sandbox in banking sector is a bold policy innovation
With more than 95 per cent of registered enterprises being SMEs, the private sector plays a decisive role in driving economic growth, innovation, and digital transformation.
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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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Major changes coming to Vietnam's banking sector on July 1, 2025
From July 1, Vietnam's banks will require biometric verification and phase out magnetic cards.
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Digital assets finally go legal for Vietnam
The official legal recognition of cryptoassets presents both an opportunity to accelerate the growth of the digital tech market and a challenge in mitigating potential related disputes.
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VNBA and Visa hold quarterly meeting
On June 25, 2025, the Vietnam Banks Association (VNBA) held a regular meeting for the second quarter of 2025 with Visa International Card Organization. At the meeting, Visa updated new solutions being deployed in the global market, including strategic solutions in the Vietnamese market.
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VIB introduces PayFlex in first implementation of Visa VFC technology
Vietnam International Bank (VIB) is introducing VIB PayFlex, an innovative financial feature developed on the Visa Flexible Credential (VFC) technology, allowing VIB Visa cardholders to make flexible payments from two funding sources – credit and debit accounts – using a single credential, enabling smarter financial control and maximizing rewards.
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VNBA opens training course on risk identification and cyber security
On July 26, 2025, the Vietnam Banks Association (VNBA) will organize an online training course on "Methods of identifying IT risks, Cybersecurity (ANM) & Building an ANM Architecture Framework according to international standards", to support Banks and financial institutions to improve their IT risk management capacity and protect digital assets.
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Shinhan Bank and Visa collaborate to promote payment solutions for SME
Shinhan Bank Vietnam Limited (“Shinhan Bank”) and Visa International (“Visa”) participate in the “Cashless Day 2025” program with the theme “Cashless payment promotes digital economy”.
