Vietcombank has been named among the Top 30 Most Valuable Southeast Asian Brands in 2024 by global consulting firm Kantar, ranking 20th with a brand value of US$2.105 billion — a rise of 18 per cent compared to 2023.
According to data from the State Bank of Vietnam, bank credit in the first five months of this year increased by 6.52 per cent to exceed VNĐ16.6 quadrillion. This was a record increase in credit in the first five months of...
The overall banking sector’s profitability in 2025 is forecast to improve slightly, with return on assets (ROA) increasing from 1.55 per cent to 1.60 per cent.
The payment agent model not only benefits banks and customers but also brings positive impacts to banks'' partners by indirectly providing additional financial services to help diversify the products and services that these retailers provide.
As one of the first banks invited to present at the event, SHB highlighted its comprehensive digital offerings tailored for administrative and public sector units, aiming to accelerate the digitalisation process across Việt Nam''s financial system.
State Bank governor Nguyễn Thị Hồng explained that the changes are necessary in light of rapid technological advancements and the increasing ease of banking transactions, which have made sudden mass withdrawals more likely.
The transition from a ‘brown’ to a ‘green’ economy is not an easy task, as to reach the net zero goal by 2050, Việt Nam needs a huge capital of nearly US$360 billion.
The Director of the SBV’s Payment Department, Phạm Anh Tuấn, said that, after four years of implementation, the digital transformation of the banking sector has achieved encouraging results
According to the SBV, it has finalised a draft circular regulating the activities of subsidiaries and affiliates of credit institutions involved in debt management and asset exploitation, which will shortly be open for public comments.
SBV’s Deputy Governor Đào Minh Tú said: “Green growth is no longer an option, but has become an urgent necessity, especially for developing countries like Việt Nam."
Leveraging AI in producing sustainability information may enhance efficiency, accuracy and also strategic decision making, a banking and finance forum has been told.
