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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.
Commercial banks upbeat about achieving high profits in 2025
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.
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.
Digital banks navigate evolving landscape
Vietnam's digital banking sector continues to gain momentum in 2025, driven by rapid adoption of AI, the race to profitability, and fierce competition.
The Code for One-Way Remittances Outward: A Win-Win for All
The Vietnam Banks Association (VNBA) has just issued a set of unified rules and practices on the list and principles of providing documents for one-way remittance transactions abroad by residents who are Vietnamese citizens (hereinafter referred to as the "Code"). This Code will bring benefits to customers, banks and management agencies.
VPBank to take over GPBank
The move is meant to help improve GPBank's operations as well as allow VPBank to expand its business. VPBank may either retain GPBank as a subsidiary, or sell or transfer the bank to a new investor after the mandatory transfer is completed.
Innovative banking drives CASA recovery to 20 per cent threshold
In 2024, the Current Account Savings Account ratio in Việt Nam’s banking sector rebounded from its lowest point and stabilised at around 20 per cent.
Bank transfers lead to rebranding phase
Vietnam’s banking landscape is being reshaped by mandatory transfers, marking a pivotal step in stabilising weak banks and strengthening the sector.
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.
Banking stabilisation on cards with mandatory deals
The domestic banking merger and acquisition landscape is being reshaped by mandatory transfers, marking a pivotal step in stabilising weak banks and strengthening the sector’s foundation.
Massive dividends on offer to bank shareholders
Vietnamese banks envisage distributing dividends to their bank shareholders this year.
For the first time, a Vietnamese bank has total assets exceeding US$100 billion
The Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV) reported to have a total consolidated assets reaching nearly VNĐ2.576 quadrillion (US$101.6 billion) as of September 30, up 12 per cent over the beginning of this year, making it the biggest bank in the country.
Year-end credit growth driven by industrial sector
The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.
Acquisitions to help boost restructuring of weak banks
Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
State-owned banks struggle to increase capital
While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.
Other Member
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:
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
Fintech Credit Information Joint Stock Company Vietnam (FCBV)
Chairman: Mr. Tran Vuong Xin
CEO: Mr. Bui Quang Trung
Authorized capital: 132,000,000,000 VND (as of July 2025)
Head Office: Room 505, 5th floor, Plaschem building, 562 Nguyen Van Cu, Gia Thuy ward, Long Bien district, Hanoi
Website: https://fcbv.vn
KCI Credit Information Joint Stock Company
Chairman: Mr. Dang Cong Nguyen
CEO: Ms. Nguyen Thi Tuyet Nhung
Authorized capital: 31,500,000,000 VND (as of July 2025)
Head Office: 2nd Floor, A1-A3 Ecolife Capitol Building, No. 58 To Huu, Me Tri Ward, Nam Tu Liem District, Hanoi
Website: https://kci.vn
Indovina Bank Limited (IVB)
Chairman:
CEO: Mr LIU CHUN HAO
Authorized capital:
Head Office:
Website: https://www.indovinabank.com.vn/
