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banking

Banks launch automatic profit-making products to draw depositors

Banks launch automatic profit-making products to draw depositors

Many banks are now offering automatic profit accounts with attractive features for customers.
First banks to open 2025 shareholder meeting season with ambitious goals

First banks to open 2025 shareholder meeting season with ambitious goals

VIB will be the first bank holding its annual general meeting of shareholders (AGM) on March 27 in HCM City.
Low capital raising hinders banks from credit expansion

Low capital raising hinders banks from credit expansion

To achieve the GDP growth target of 8 per cent, the banking system must inject about VNĐ2.5 quadrillion to the economy, equivalent to a credit growth of 16 per cent.
Foreign ownership at acquirers of weak banks to rise to 49%

Foreign ownership at acquirers of weak banks to rise to 49%

The new decree also regulates that the total share ownership of foreign investors at a Vietnamese non-bank credit institution will also not be allowed to exceed 50 per cent of the institution’s charter capital.
Decree on foreign investment in Vietnamese financial institutions amended

Decree on foreign investment in Vietnamese financial institutions amended

Decree No. 69/2025/NĐ-CP amends several provisions of Decree No. 01/2014/NĐ-CP regarding foreign investment in Vietnamese financial institutions.
Credit law changes may ease handling of bad debts

Credit law changes may ease handling of bad debts

According to SBV’s data, bad debts of commercial banks as of December 31, 2024 were more than VNĐ733.9 trillion, an increase of 3.4 per cent compared to the end of 2023
Central bank to create roadmap for eliminating credit growth quota policy

Central bank to create roadmap for eliminating credit growth quota policy

The credit growth quota system, which puts a cap on the credit expansion of each bank, has been maintained by the SBV since 2011, when Việt Nam’s economy was experiencing hyperinflation stemming from excessive money supply.
Acquirers of weak banks get incentive policies

Acquirers of weak banks get incentive policies

The State Bank of Vietnam (SBV) completed the compulsory transfer of four vulnerable banks, CB, Oceanbank, DongA Bank and GPBank to Vietcombank, MB, HDBank, and VPBank, respectively.
Banking sector aims to lend 2.78 million in Region 4 in 2025

Banking sector aims to lend $2.78 million in Region 4 in 2025

The provinces in Region 4 are important geographical locations, with Lào Cai and Hà Giang bordering with China to the North, and Vĩnh Phúc and Phú Thọ bordering with Hà Nội to the South.
Corporate credit demand expected to keep rising this year

Corporate credit demand expected to keep rising this year

Credit for the individual customer segment last year slowed, while GDP last year recorded a strong recovery and household income growth remained low.
Banks promote dividend payments in shares to raise charter capital

Banks promote dividend payments in shares to raise charter capital

Banks with top profits are planning to pay high dividends.
Central bank injected more than VNĐ5 trillion to the market

Central bank injected more than VNĐ5 trillion to the market

The high USD and VNĐ interest rate gap is putting more pressure on the USD/VNĐ exchange rate.
Credit expansion benefits investment channels with high liquidity

Credit expansion benefits investment channels with high liquidity

To gain the Government’s target of 8 per cent GDP growth this year, the SBV sets a higher credit growth this year at 16 per cent, against 15 per cent last year. It means VNĐ2.5 quadrillion (US$78 billion) will be injected into the...
Credit cap regulation will cause problems for banks wanting to fund larger projects

Credit cap regulation will cause problems for banks wanting to fund larger projects

Under the Law on Credit Institutions, which took effect from July 2024, over the next five years, credit caps for a customer will decrease by one per cent every year and two per cent for a customer and his/her related parties.