News
Bilateral payment connection using QR code between Vietnam and China
Industrial and Commercial Bank of China (ICBC) acts as the Chinese focal payment bank in the Cross-Border QR Code Connection Project, coordinating with NAPAS and Vietcombank to deploy a modern digital payment infrastructure, aiming to integrate the payment ecosystems of the two countries.
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NAPAS Brings Apple Pay to its Customers in Vietnam
The National Payment Corporation of Vietnam (NAPAS) today brings Apple Pay to its cardholders in Vietnam. Apple Pay is an easy, secure and private way to pay in-store, in-app and online.
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ACB targets 16 per cent credit growth in 2025
Asia Commercial Bank (ACB) successfully held its AGM 2025 on April 8, during which shareholders approved the bank’s business plan and other key matters for the year 2025 – a pivotal year in ACB’s 2025–2030 five-year development strategy.
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ABBANK targets 131% increase in pre - tax profits in 2025
An Bình Commercial Joint Stock Bank targets a whopping 131 per cent increase in pre-tax profits to VNĐ1.8 trillion (US$70.2 million) in 2025, according to documents it released ahead of its annual general meeting this month.
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Profits, dividends, capital increases and bad debts on agendas of 2025 banking AGMs
In a discussion with shareholders, VIB Chairman Đặng Khắc Vỹ said that bad debt handling is one of the ‘hot’ issues of the entire banking industry.
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ABBANK launches preferential home loan for young buyers
An Bình Commercial Joint Stock Bank (ABBANK) has unveiled a home loan targeting young customers with interest rates starting at just 5 per cent.
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SeABank raises additional $80 million from Proparco and FMO to support small and medium enterprises
The French Development Finance Institution (Proparco) and the Dutch Entrepreneurial Development Bank (FMO) have signed a loan agreement worth $80 million with SeABank.
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MB, HDBank, and VPBank to lift foreign ownership limit
A new governmental decree covering the purchasing of shares in Vietnamese credit institutions by foreign investors has increased the ability of some commercial banks to seek more investment from overseas.
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Shinhan Bank Vietnam cooperates with Scotch AGS to provide the tuition fee payment program
Shinhan Bank Vietnam Limited (“Shinhan Bank”) and Primary, Secondary and Senior Secondary Australian Grammar School (“Scotch AGS”) officially signed a strategic partnership agreement in implementing a special tuition fee payment program and comprehensive finance program for parents, who have children studying at the Scotch AGS system.
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Shinhan Bank Vietnam and Viglacera Real Estate company signed a strategic partnership agreement
Hanoi, on 24th March 2025 – Shinhan Bank Vietnam Limited (“Shinhan Bank”) Viglacera Real Estate Company (“Viglacera”) officially signed a Memorandum of Understanding (“MoU”) on 20th March 2025, marking an important milestone in strategy of attracting foreign investors into Vietnam, especially Korean investors.
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Vietnam banks unveil business plans for 2025
Many commercial banks in Vietnam will hold their AGMs at the end of March or early April, where key issues of investor interest will be discussed, including their business plans for 2025.
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Shinhan Bank to introduce QR pay service to Lotte Mart Vietnam
Shinhan Bank Vietnam Limited (Shinhan Bank) will launch its QR Pay service across all Lotte Mart Vietnam stores on Saturday.
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Banks worry about proposal on changing invoice regulation
Banks are concerned about a sharp surge of invoices to be issued daily for small individual transactions due to a new regulation proposal from the Ministry of Finance
