Saturday, 06/09/2025
   

VNBA deploys tasks for 2025 with members in the Southern region

On February 20, 2025, the Vietnam Banks Association (VNBA) held a meeting to deploy tasks for 2025 with members in the Southern region. Dr. Nguyen Quoc Hung, Vice President cum General Secretary of VNBA chaired the meeting.

Also attending the meeting were Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch, along with representatives of nearly 30 member organizations in the Southern region and leaders of the VNBA Standing Agency's departments.

Dr. Nguyen Quoc Hung, Vice President cum General Secretary of VNBA

Speaking at the meeting, Dr. Nguyen Quoc Hung congratulated and commended the 2024 performance of the Southern member organizations, and acknowledged and highly appreciated the companionship of the Southern members in their positive and effective contributions in policy commenting and criticism. He also informed about some outstanding activities of VNBA in 2024.

Accordingly, VNBA has commented on dozens of drafts/projects of legal documents and dozens of drafts of decrees, circulars and other documents... In addition, VNBA also organized many seminars to comment on draft laws, decrees, circulars... The Association's comment documents are all collected from responsible, dedicated and quality opinions from credit institutions, so most of the opinions are recorded and accepted.

VNBA also performs well the function of protecting the legitimate rights and interests of member organizations, while supporting member organizations to promptly resolve difficulties and obstacles in the process of operation. Thanks to that, VNBA is also recognized by member organizations and concerned ministries and branches to seek opinions.

Recently, VNBA has been developing three draft operational documents, including the Code of Conduct for One-Way Outward Remittance Transactions; Procedures for coordinating support for handling accounts and cards related to transactions suspected of fraud; and a Handbook for cross-border payments using QR codes. In addition, VNBA is also coordinating with the International Finance Corporation (IFC) to develop a “Code of Conduct for Debt Collection Activities” as well as a “Guideline for Out-of-Court Debt Restructuring” so that credit institutions have more “handbooks” to apply in debt collection activities in a more civilized, convenient and effective manner. The set of rules on one-way remittance transactions abroad has been completed and issued, effective from March 15, 2025. In addition, VNBA has also sent many documents to the State Bank and competent authorities to handle cases related to the operations of credit institutions, demonstrating a high sense of responsibility in protecting the rights and legitimate interests of VNBA member organizations.

VNBA's communication work has been consistent with the reality of timely and rapid communication, with great spread. VNBA's Information portal and the Financial and Monetary Market Magazine have also gradually improved their efficiency and quality, attracting more and more readers. VNBA has also released its weekly Economic - Financial - Monetary Newsletter, contributing to supporting communication work for member organizations. Currently, the English website on the VNBA portal is on trial to enhance external information.

Regarding training, in 2024, based on the registration of training needs of credit institutions nationwide, VNBA has grasped and implemented training programs that are close to the actual training needs of credit institutions. During the year, 48 training programs were organized (an increase of 126%), with the number of students participating in classes reaching 10,000 people....

Membership work is focused on, VNBA regularly pays attention, grasps the situation, promptly encourages, shares and finds measures to coordinate, support, and meet the needs of member organizations. In 2024, it has implemented the admission of ICBC Bank - Hanoi branch as a member and in the coming time, it will continue to exchange information with a number of foreign banks that are interested in joining VNBA.

Regarding the plan for 2025, Dr. Nguyen Quoc Hung said that he will continue to promote policy comments and criticism, including continuing to closely follow the proposals of credit institutions in legalizing Resolution 42/2017/QH14 on debt settlement. Communication work has also been innovated, promoting communication about video content on social networking sites (fanpage, youtube, tiktok...) about warnings about risks in payment and card activities; providing guidance on issues related to lending, deposits... VNBA will also reorganize its membership to ensure that membership activities are increasingly more substantial. Dr. Nguyen Quoc Hung also assigned the VNBA Representative Office in Ho Chi Minh City as the focal point, continuing to work closely with members; proactively grasping difficulties and obstacles, developing seminar and discussion programs associated with the activities of credit institutions; Coordinate with Southern members and competent authorities in Ho Chi Minh City in reviewing and handling pending enforcement cases, ensuring the rights of member credit institutions; Proactively synthesize proposals and recommendations from members to prepare a written report to the Board of Directors of the Banking Association as well as send recommendations to agencies and departments in Ho Chi Minh City.

VNBA has clearly demonstrated its role in providing comments and feedback

Speaking at the meeting, Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City Branch, said that the Banking Industry in 2024 is considered a successful year for monetary policy management in the context of complex and unpredictable market developments, difficulties caused by natural disasters and multi-dimensional impacts of the world economy that have permeated the economy, especially interest rates, exchange rates, and gold prices. The State Bank and credit institutions have fully identified the difficulties and challenges in the fields of currency, credit and banking activities, proactively proposed and implemented creatively, promptly, and responsibly the assigned tasks.

Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch

On the part of the Banking Association, in 2024, with the motto of closely following the directions of the Government and the Banking Industry, it has called on members in general and commercial banks in particular to comply with the provisions of law; seriously and responsibly implement the direction of the Government and the State Bank to support businesses, maintain stable operations, contribute to stabilizing the macro economy and controlling inflation.

ACB representative at the meeting

At the meeting, representatives of members such as ACB, Eximbank, Nam A Bank, VIB, Sacombank, MoMo... had enthusiastic and frank opinions on the "hot" issues that organizations are facing. In particular, the most prominent issues were issues related to letters of credit L/C; credit growth and capital support for key industries, capital supply in production and business chains; promoting electronic lending mechanisms; digital signature issues...

Eximbank representative at the meeting

Concluding the meeting, Dr. Nguyen Quoc Hung acknowledged and highly appreciated the opinions of the representatives of member organizations and said that, with the 16 issues that members commented and recommended, the Banking Association will synthesize, evaluate, and classify them to make recommendations to the State Bank and relevant ministries and branches. Dr. Nguyen Quoc Hung also requested that member organizations continue to actively participate in the activities of VNBA, actively participate in giving opinions, building policies as well as communication and training work.

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