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banking

Bank credit pours into the economy reaching 611 billion

Bank credit pours into the economy reaching $611 billion

Announcing performance results of the banking industry in Hà Nội,  the deputy governor of the SBV said monetary policy in 2024 was reasonable, ensuring the country’s GDP growth at 7.08 per cent and inflation under control at 3.6 per cent.
Exchange rate cools in wake of SBVs new policy

Exchange rate cools in wake of SBV’s new policy

Instead of using spot contracts to sell the US dollar as previously, the SBV has stopped this and has started to use the futures contract.
Banking industry to focus on bad debt handling targets in 2025

Banking industry to focus on bad debt handling targets in 2025

The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.
Big 4 banks estimate positive business results in 2024

Big 4 banks estimate positive business results in 2024

One of the country''s biggest banks expects results to be the best for four years.
Insurance companies have moderate capital increases

Insurance companies have moderate capital increases

The exploitation of new insurance premium revenue in Việt Nam has decreased sharply over the past few years, which has caused the parent companies to not prioritise investing in their Vietnamese insurance subsidiaries as in the past.
Forecast upbeat for banking industry in 2025

Forecast upbeat for banking industry in 2025

In a recent report, ACB Securities Companies analysts said that the net interest margin (NIM) of banks in 2025 will increase by five basis points over 2024.
Feds foreseen rate cuts affect foreign exchange rate

Fed’s foreseen rate cuts affect foreign exchange rate

After the Fed’s move, the US dollar index (DXY) on December 19 hit nearly 108, the highest level in the past year.
Innovative banking drives CASA recovery to 20 per cent threshold

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.
Vietcombank named most valuable brand in Việt Nam

Vietcombank named most valuable brand in Việt Nam

Vietcombank has become the most valuable brand in Việt Nam in 2024, according to a recently released report of Forbes Việt Nam.
Lending interest rates this year reduced by 0.44 pp compared to 2023

Lending interest rates this year reduced by 0.44 pp compared to 2023

According to SBV’s Governor Nguyễn Thị Hồng, credit growth has d strong momentum for the economy to recover and develop as it continues to face challenges.
Five banks qualify for year-end credit expansion

Five banks qualify for year-end credit expansion

Five banks, including Vietinbank, ACB, VIB, Techcombank and MSB, have qualified for the credit room expansion in the last time of this year
Banks face difficulties in balancing capital raising and lending

Banks face difficulties in balancing capital raising and lending

Banks use charter capital to cover shortages as lending exceeds capital raising, but experts warn this gap risks higher interest rates and banking system instability.
OceanBank to be renamed MBV

OceanBank to be renamed MBV

Ocean Commercial One Member Limited Liability Bank (OceanBank) will be renamed Việt Nam One Member Limited Liability Bank (MBV) from December 18 if approval is given by the State Bank of Việt Nam, Military Commercial Joint Stock Bank (MB) has...
Credit growth accelerates to reach 12.5 per cent

Credit growth accelerates to reach 12.5 per cent

SBV’s deputy governor Đào Minh Tú says latest credit growth figures show that year end target is achievable.
MSB, SmartOSC team up to adopt BackbaseEngagement Banking Platform

MSB, SmartOSC team up to adopt BackbaseEngagement Banking Platform

This milestone marks a pivotal step in MSB’s journey toward customer-centric modernisation, advancing its digital factory, and delivering seamless experiences that drive financial innovation in Việt Nam.