The SBV has been actively developing and refining the mechanism to implement the largest credit package ever, with a total value of up to VNĐ500 trillion.
Green loans only account for about 4.6 per cent of total outstanding loans, showing that green credit in Việt Nam remains modest compared to the size of the potential it offers.
Although outstanding loans to US-exporting customers are low, joint-stock banks remain cautious about possible indirect effects from US tariffs on Vietnamese goods, SSI Research says.
An Bình Commercial Joint Stock Bank (ABBANK) achieved pre-tax profits of VNĐ407 billion (US$15.6 million) in the first quarter, a 128 per cent increase from the same period last year.
The State Bank of Vietnam (SBV) will require Vietnamese banks to develop systematic and long-term brand strategies to establish regional and globally-strong banking brands.
Under the pilot, only P2P lending companies licensed by the State Bank of Vietnam (SBV) will be allowed to operate. Foreign banks are excluded from participation.
Currently, the assets are not yet recognised by Vietnamese law as collateral in bank credit activities, while current regulations mainly apply to tangible assets or traditional financial assets.
For the first time in nine years, Sacombank announced plan to distribute dividends by issuing shares to existing shareholders to increase charter capital.
Shareholders approved the Prosperity and Development Commercial Joint Stock Bank (PGBank)’s key business targets for 2025, including an increase of 135.3 per cent in pre-tax profit to over VNĐ1 trillion, at its annual general meeting on April 24.
The Hồ Chí Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has announced an ambitious pre-tax profit target of more than VNĐ21 trillion (US$803.8 million) for 2025, a 27 per cent increase from the previous year, at its annual general meeting on Thursday.
To support the Government''s economic growth target of eight per cent or more in 2025, more than 20 commercial banks in Việt Nam have implemented the request to reduce deposit interest rates in parallel with launching many low-interest credit packages.
