Saturday, 06/09/2025
   

New Chairman of the Vietnam Banks Association for the 7th term (2020 - 2025)

On February 24, 2025, the Council of the Vietnam Banks Association (VNBA) issued Resolution No. 68/NQ-HDHH on the election of a representative of the organization to serve as Chairman of the Vietnam Banks Association for the 7th term (2020 - 2025). Accordingly, Mr. Pham Toan Vuong, Member of the Board of Directors and General Director of Agribank, was elected as Chairman of the Vietnam Banks Association for the 7th term.

Accordingly, the Association Council no longer assigned Mr. Nguyen Quoc Hung, Vice Chairman cum General Secretary to perform the duties of Chairman of the VNBA's Council for the 7th term (2020 - 2025). At the same time, Mr. Pham Toan Vuong - Member of the Board of Directors, General Director of Vietnam Bank for Agriculture and Rural Development (Agribank) was elected to represent Agribank to perform the duties of Chairman of the Vietnam Banks Association for the 7th term (2020 - 2025).

Mr. Pham Toan Vuong - Member of the Board of Directors, General Director of Agribank was elected to represent Agribank to perform the duties of Chairman of the Vietnam Banks Association for the 7th term

The Association Council also assigned the Standing Agency to be responsible for preparing documents and procedures for reporting to competent State management agencies to ensure compliance with current regulations of law and the Charter (amended and supplemented) of VNBA.

Previously, on January 9, 2025, VNBA's Council held the 6th meeting, 7th term to approve a number of contents within its authority. At the meeting, the members of the Association Council unanimously approved the dismissal of Mr. Pham Duc An from the position of Chairman of the VNBA's Council, 7th term (2020-2025) due to his new assignment as Deputy Secretary of the Provincial Party Committee and Chairman of the People's Committee of Quang Ninh province. At the same time, through the proposal of the Standing Committee of the Association Council, it was agreed to assign Mr. Nguyen Quoc Hung - Permanent Vice Chairman cum General Secretary of the Vietnam Banking Association to be in charge of the Association Council, performing the tasks of managing the work of the Chairman of the Association Council while awaiting the election of its new Chairman.

VNBA News

  • Banking on advice to boost financial futures

    Banking on advice to boost financial futures

    Many commercial banks, with extensive customer bases, transparent transaction data and widespread branch networks, have trialled wealth management models offering investment consulting, insurance and financial planning services to VIP clients.

  • Government-backed STEM loans launched by VBSP

    Government-backed STEM loans launched by VBSP

    Vietnam Bank for Social Policies (VBSP) is introducing preferential loans to STEM students as part of efforts to build a stronger science and technology workforce.

  • S&P upgrades ratings of three banks, citing resilient economy

    S&P upgrades ratings of three banks, citing resilient economy

    The agency raised Vietcombank to BB+, Techcombank to BB and Eximbank to BB-, with stable outlooks, while upgrading Việt Nam’s BICRA to group 8 from 9.

  • Interest rate developments applied by credit institutions in July 2025

    Interest rate developments applied by credit institutions in July 2025

    State Bank of Vietnam has just released the interest rate developments of credit institutions in July 2025.

  • SBV's Action Plan on improving social policy credit in the new period

    SBV's Action Plan on improving social policy credit in the new period

    On August 27, 2025, the State Bank of Vietnam (SBV) issued the Action Plan of the Banking sector to implement Decision No. 1560/QD-TTg dated July 18, 2025 of the Prime Minister promulgating the Plan to implement Directive No. 39-CT/TW dated October 30, 2024 of the Central Party Secretariat on improving the effectiveness of social policy credit in the new period (Decision No. 3061/QD-NHNN).

  • Vietnamese banks standing strong although risks remain

    Vietnamese banks standing strong although risks remain

    Vietnam’s banking sector has been a key facilitator as well as beneficiary of the country’s robust economic growth. We forecast total system outstanding loans to double by the end of this year relative to five years ago. This makes Vietnam the second-largest banking system in ASEAN by assets, ahead of other larger and higher-income economies.

  • Vietnamese banks get ready to join crypto asset market

    Vietnamese banks get ready to join crypto asset market

    The newly issued Law on Digital Technology Industry will take effect from January 1 and is considered an important milestone, ending many years of legal ambiguity on issues related to crypto assets.

  • Credit trends set tone for key sectors

    Credit trends set tone for key sectors

    Credit across the banking system has surged at an unusually high pace this year, with a significant share directed towards real estate and securities, raising concerns over the sustainability of growth.

  • New chapter arrives for digital asset firms

    New chapter arrives for digital asset firms

    Opportunities for international collaboration and attractive growth potential have turned the Vietnamese cryptocurrency market into a vibrant playground.

  • Shinhan Bank expresses gratitude to business customers with free Ting Ting speakers

    Shinhan Bank expresses gratitude to business customers with free Ting Ting speakers

    Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) has launched the “Customer Appreciation Day for Business Customers” across all 55 branches and transaction offices nationwide, featuring a free giveaway of Ting Ting Speakers. This initiative is dedicated to expressing gratitude to individual business owners, household businesses, private enterprises, and SMEs that have accompanied the Bank throughout the years.

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation