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21 Vietnamese banks in the Fortune SEA 500 list in Southeast Asia
The Big4 giants along with 17 joint stock banks, led by VPBank, MB and Techcombank, have appeared in the Fortune SEA 500 list, including the 500 largest enterprises in Southeast Asia.
VNBA held a meeting to deploy the action plan of the Risk Committee
On the morning of June 12, 2025, the Vietnam Banks Association (VNBA) held a meeting of the Risk Committee to approve the positions and agree on the 2025 working plan of the Risk Committee. Dr. Nguyen Quoc Hung, Vice Chairman cum General Secretary of VNBA chaired the meeting.
Banks adjust to balance and cut costs
With simultaneous interest rate cuts and accelerated credit disbursement, banks are fuelling Vietnam’s economic breakthrough, driving towards the ambitious targets of 8 per cent GDP growth and 16 per cent credit expansion this year.
VNBA plans to establish Risk Management Committee
On March 4, 2025, in Hanoi, Vietnam Banks Association (VNBA) held a meeting to discuss on the establishing a Risk Management Committee under the VNBA to enhance support for the operations of member credit institutions.
Banks expect upbeat profit picture for 2025
Several banks have set higher profit targets for this year, expecting more positive credit growth amid improved capital absorption capacity and an acceleration of public investment.
Banks pledge to support growth goals
Banks are committed to supporting the government’s directives by proposing solutions for a stronger banking system and lowering lending rates, helping the economy achieve over 8 per cent growth this year.
Digital banking services in Việt Nam make remarkable stride
More than 87 per cent of Việt Nam’s adult population now hold payment accounts at banks while many credit institutions are processing more than 95 per cent of transactions through digital channels.
TPBank secures $120 million long-term loan from JICA
This initiative, co-financed by the US International Development Finance Corporation (DFC), aims to enhance financial inclusion through digital banking in Việt Nam, with a total loan value of US$120 million.
Cross-border QR payment service launched between Vietnam and Laos
A cross-border QR payment service between Vietnam and Laos was launched on January 9 to bolster tourism and economic exchanges between the two countries
AI Applications in Banking: Optimizing Operational Efficiency, Enhancing Customer Experience
On January 10, 2025, in Hanoi, the Vietnam Banking Association in collaboration with NVIDIA and GreenNode organized a workshop: "Promoting the AI Revolution in Finance - Banking: Solutions from NVIDIA and GreenNode" to help members enhance the application of artificial intelligence (AI) to improve operational efficiency, optimize customer experience and enhance competitiveness in the context of strong digital transformation.
Out-of-court walkouts: More debt settlement options for credit institutions
On the morning of December 17, 2024, in Hanoi, the Vietnam Banks Association (VNBA) in collaboration with the International Finance Corporation (IFC) organized a workshop on "Out-of-court walkouts - International practices and practical experience" to help VNBA members update new knowledge and experience in handling bad debt.
Lowered lending rates to facilitate capital access
The fourth quarter is bringing soaring capital demand for production and housing, calling for timely preferential credit and rate cuts to empower businesses and citizens in driving consumption and robust growth
Debt recovery methods to be cleaned up
Commercial banks in Vietnam are grappling with rising loans and regulatory gaps, especially concerning debt recovery and managing real estate collateral, and highlighting the urgent need for clearer guidance on land use and leasing.
Several banks suspend interest payments for typhoon-affected borrowers
Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.
Banks set to stimulate credit growth in last quarter
Banks are developing favourable credit schemes for the manufacturing and business sectors, while relaxing lending standards across all customer groups and the majority of loan sectors in the last quarter of the year.
Other Member
Vietnam Bank for Agriculture and Rural Development (Agribank)
Chairman: Mr Phạm Đức Ấn
CEO: Mr Phạm Toàn Vượng
Authorized capital: 34.446.863.milions VND (up to date 31/12/2022)
Head Office: No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
Website: https://www.agribank.com.vn
MUFG Bank, Hanoi Branch
Chairman:
CEO: Mr Masao Kojima
Authorized capital: 105.000.000 USD (as of 12/31/2022)
Head Office: 10th Floor, Tower 1, Capital Place, 29 Lieu Giai Street, Ngoc Khanh Ward, Ba Dinh District, Hanoi, Vietnam
Website: https://www.bk.mufg.jp/global/globalnetwork/asiaoceania/hanoi.html
Công ty Cổ phần dịch vụ Trực tuyến Cộng Đồng Việt (VietUnion) - Payoo
Chairman:
CEO:
Authorized capital:
Head Office:
Website:
VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE (VIETINBANK)
Chairman: Mr Trần Bình Minh
CEO: Mr. Đỗ Thanh Sơn - Deputy General Director - In charge of the Executive Board
Authorized capital: 48.057.506.090.000 (up to 31/12/2022)
Head Office: 108 Tran Hung Dao, Cua Nam Ward, Hoan Kiem District, Hanoi City, Vietnam
Website: https://vietinbank.vn
Indovina Bank Limited (IVB)
Chairman:
CEO: Mr LIU CHUN HAO
Authorized capital:
Head Office:
Website: https://www.indovinabank.com.vn/
Industrial and Commercial Bank of China Limited (ICBC), Hanoi City Branch
Chairman: Mr. Chen Siqing
CEO: Mr. Sun Feng Lei
Authorized capital:
Head Office: Floor 1&3 Daeha Business Center , No.360 Kim Ma Str.,Ba Dinh Dist.,Hanoi
Website: https://hanoi.icbc.com.cn/vn/column/1438058394518175799.html
