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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.
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Vietnamese commercial banks are optimistic about their 2025 profit targets, with many expecting increases of 20 per cent to 30 per cent due to anticipated robust economic growth and a resurgence in credit activity.
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The four – Nam A Bank, VIB, Vietcombank and Eximbank – are preparing to hold their shareholders' meetings in February and March 2025.
Eximbank denies system risk rumours, confirms stable operations
The bank stated that it has requested the relevant authorities to investigate and clarify the motives behind the dissemination of this document to safeguard the legitimate rights and interests of the bank, its customers, shareholders and partners.
Many banks stop transactions of ATM magnetic cards
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Cheap money period in Việt Nam forecast to come to an end
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Other Member
Indovina Bank Limited (IVB)
Chairman:
CEO: Mr LIU CHUN HAO
Authorized capital:
Head Office:
Website: https://www.indovinabank.com.vn/
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
Công ty Cổ phần dịch vụ Trực tuyến Cộng Đồng Việt (VietUnion) - Payoo
Chairman:
CEO:
Authorized capital:
Head Office:
Website:
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
Industrial and Commercial Bank of China Limited (ICBC), Hanoi City Branch
Chairman:
CEO:
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
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
