the State Bank of Vietnam
Stabilize deposit interest rates, reduce lending interest rates
On August 4, 2025, the State Bank of Vietnam (SBV) issued Official Dispatch No. 6784/NHNN-CSTT directing and guiding the banking system to resolutely and effectively implement solutions to stabilize deposit interest rates and reduce lending interest rates to promote economic growth in 2025 under the direction of the Government and Prime Minister.
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Autonomy and stability balanced via credit reform
The State Bank of Vietnam is setting out a roadmap towards removing credit growth ceilings, accompanied by efforts to enhance the autonomy of credit institutions.
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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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Major "bottlenecks" in resolving disputes related to credit in courts
At the workshop, themed "Improving the effectiveness of resolving cases related to credit institutions at People's Courts", held on the morning of July 18, 2025, Ms. Vu Ngoc Lan, Deputy Director of the Legal Department, State Bank of Vietnam (SBV), pointed out the new breakthroughs of the Law on Credit Institutions 2024 and frankly raised major problems in adjudication practice, while proposing synchronous solutions to improve the efficiency of resolving credit disputes in Court.
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Improve the efficiency of resolving credit cases
On the morning of July 18, 2025, the Vietnam Banks Association, in coordination with the Supreme People's Court and the State Bank of Vietnam, organized a workshop on "Improving the effectiveness of resolving cases related to credit institutions at the People's Court". The workshop frankly pointed out a series of difficulties and shortcomings and proposed many breakthrough solutions to unblock the flow of credit and protect the legitimate rights of all parties.
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VNBA seeks solutions for handling secured assets for credit institutions
On the morning of July 10, 2025, the Vietnam Banks Association (VNBA) held a meeting with the State Bank of Vietnam (SBV), the Ministry of Natural Resources and Environment (MONRE), the Ministry of Justice, and credit institutions to address difficulties related to the handling of secured assets used in lieu of debt repayment obligations, particularly real estate.
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Interest rates on downward trajectory
Persistently low volumes in collateralised open market operations lending, and the central bank’s steady net withdrawals, have underscored a surplus of VND liquidity in the banking system, bolstering market confidence and driving interbank rates to fresh lows.
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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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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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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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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”.
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PM Phạm Minh Chính asks credit institutions to stabilise gold market
Prime Minister Phạm Minh Chính signed Directive No. 03/CT-TTg on February 4, 2025, highlighting key tasks for implementation after the 2025 Lunar New Year holiday. The directive includes a special emphasis on stabilising the gold market in Việt Nam.
