Vietnamese lenders seek unified anti-fraud shield

Vietnamese lenders seek unified anti-fraud shield

From July 1, the State Bank of Vietnam requires full verification of businesses and biometric data of legal representatives before firms can make electronic transactions or withdrawals.
Exchange rate offering test for economic footing

Exchange rate offering test for economic footing

As VND weakens to a record low against the USD, Vietnam faces a critical test in balancing growth-supportive policies with currency stability in the last six months amid tightening external conditions.
Gold monopoly policy retooling in the works

Gold monopoly policy retooling in the works

In a landmark move to liberalise its gold market, Vietnam is set to dismantle the state’s long-standing monopoly on gold bullion production and use e-invoices for transactions.
Banks remain decisive to push against headwinds

Banks remain decisive to push against headwinds

Credit growth is becoming increasingly difficult to sustain amid mounting external pressures. Nguyen Quoc Hung, vice chairman and general secretary of the Vietnam Banks Association, talked with VIR’s Vy Vy how banks must go beyond restructuring growth models.
Financial sector heats up with strategic M&A moves

Financial sector heats up with strategic M&A moves

Financial sector deals are shifting from traditional dealmaking to mandatory transfers of weak banks and strategic exits from fintech arms, with experts urging insurers to play a central role in bank restructuring.
Exchange rates react sharply to US tariffs

Exchange rates react sharply to US tariffs

Banking experts are attempting to piece together the likely impacts of tough worldwide tariffs imposed by the United States, with Vietnam’s central bank under the microscope when it comes to maintaining low interest rates.
Digital assets create prospects for financial securities products

Digital assets create prospects for financial securities products

While the rising popularity of digital assets may pressure stock market liquidity, it also presents opportunities for businesses to adjust models to stay ahead, securities firms acknowledge.
Deposit rate drops ensure banking system stability

Deposit rate drops ensure banking system stability

Vietnam’s move to cut treasury bill rates, inject long-term liquidity, and support lower deposit rates is a strategic step to ensure banking system stability and reduce capital costs.
Corporate bond market impacted with restructure

Corporate bond market impacted with restructure

The corporate bond market, as a key channel for medium- and long-term capital supply to the economy, is expected to rebound strongly following recent restructuring in Vietnam.
Banks adjust to balance and cut costs

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.
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