Saturday, 16/08/2025
   

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

  • Việt Nam banks on bigger loans to lift lending limit

    Việt Nam banks on bigger loans to lift lending limit

    Việt Nam Banking Association has proposed consumer lending limit of finance companies from VNĐ100 million (US$3,800) to VNĐ300-400 million in an effort to expand consumer credit.

  • Upbit and MBBank to launch Việt Nam’s first digital trading platform

    Upbit and MBBank to launch Việt Nam’s first digital trading platform

    In a landmark move for Việt Nam’s digital economy, South Korea’s top cryptocurrency exchange operator, Dunamu, has teamed up with Military Commercial Joint Stock Bank (MB) to launch the country’s first locally operated digital asset trading platform

  • Banks accelerate lending as real estate, stock markets attract capital

    Banks accelerate lending as real estate, stock markets attract capital

    The banking system's credit growth reached about 10 per cent after seven months, significantly higher than the 6 per cent recorded in the same period in 2024, according to the State Bank of Vietnam (SBV).

  • Promoting factoring services in Vietnam

    Promoting factoring services in Vietnam

    On August 12, 2025, in Hanoi, the Vietnam Banks Association (VNBA) and the International Finance Corporation (IFC) jointly organized the "Policy Dialogue on Factoring Business in Vietnam". This event provided a comprehensive picture of the current status of factoring activities in Vietnam, while also pointing out the difficulties, challenges as well as the great development potential of this market.

  • Shinhan Bank Vietnam accompanies households in business transformation

    Shinhan Bank Vietnam accompanies households in business transformation

    Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) successfully organized the event “Shinhan Bank Vietnam – Supporting Business Households”, in response to Resolution 68-NQ/TW and Resolution 198/2025/QH15 on the strategy for private economic development, as well as to accompany business households in implementing Decree 70/2025/ND-CP through comprehensive financial solutions. The event took place at the Bank’s Head Office, attracting over 150 business households from Ho Chi Minh City.

  • Standard Chartered fuels Việt Nam’s net-zero path

    Standard Chartered fuels Việt Nam’s net-zero path

    Standard Chartered, a major international bank with a strong presence in Việt Nam, is helping bridge the financing and advisory gap for this transition.

  • SBV issues Circular on microfinance institutions' operational network

    SBV issues Circular on microfinance institutions' operational network

    HANOI – July [Day], 2025 – The Governor of the State Bank of Vietnam (SBV) signed and issued Circular No. 19/2025/TT-NHNN on July 31, 2025. This circular regulates the operational network of microfinance institutions.

  • Banks focus on increasing charter capital in second half of year

    Banks focus on increasing charter capital in second half of year

    To boost capital, banks are issuing dividend stocks, making private placements, and selling shares to foreign investors.

  • FinDev Canada, SMBC and JICA  pledge $215 million to HDBank

    FinDev Canada, SMBC and JICA pledge $215 million to HDBank

    Canada's bilateral Development Finance Institution, FinDev Canada, Sumitomo Mitsui Banking Corporation (SMBC), and the Japan International Cooperation Agency (JICA) on August 2 announced the signing of a $215 million syndicated loan facility for HDBank.

  • SBV pushes rate cuts to support economic growth

    SBV pushes rate cuts to support economic growth

    At a conference held on August 4, 2025 in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability.

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation