banking sector faces liquidity challenges amid rate cuts

Banking sector faces liquidity challenges amid rate cuts

On February 25, the SBV held a meeting with credit institutions to address strategies for stabilising deposit interest rates. As a result, banks such as Eximbank, BVBank, KienlongBank, the Maritime Bank of Vietnam (MSB) and VietBank have announced new deposit interest rate schedules, with the highest reduction reaching up to 0.7 per cent per year.
positive rate movement following government commitment

Positive rate movement following government commitment

Banks have taken swift action to reduce their deposit rates following a meeting with the central bank (SBV) on implementing measures to stabilise deposit rates on February 25.
domestic banks strengthen international partnerships

Domestic banks strengthen international partnerships

With central banks worldwide returning to monetary easing, the potential influx of cheap capital may drive domestic banks to pursue opportunities abroad.
banks pressured to supply capital for public projects

Banks pressured to supply capital for public projects

Credit institutions continue to bear responsibility for providing capital to meet development demand, with a particular focus on the nation’s key public projects.
lenders make radical shifts in workforce structures

Lenders make radical shifts in workforce structures

Banks have adopted significant shifts in their workforce structures to optimise expenses and enhance profits.
new super yield account launched by vib

New 'Super Yield' account launched by VIB

Managing personal finances no longer requires in-depth investment knowledge. With banks like VIB leveraging cutting-edge technologies in digital banking, optimising idle funds has never been easier.
banks expect upbeat profit picture for 2025

Banks expect upbeat profit picture for 2025

Several banks have set higher profit targets for this year, expecting more positive credit growth amid improved capital absorption capacity and an acceleration of public investment.
young homebuyers to get a foot up

Young homebuyers to get a foot up

Prime Minister Pham Minh Chinh has requested the State Bank of Vietnam and commercial banks to offer credit packages of preferred interest for young customers aged 35 and under, as an opportunity for young people to quickly realise their dream of owning a home.
digital banks navigate evolving landscape

Digital banks navigate evolving landscape

Vietnam's digital banking sector continues to gain momentum in 2025, driven by rapid adoption of AI, the race to profitability, and fierce competition.
cake digital bank wins prestigious banking awards

Cake Digital Bank wins prestigious banking awards

Cake Digital Bank has been ranked among the 'World’s Top 100 Digital Banks' for 2025 and honoured as 'Best Digital Bank in Vietnam' by The Asian Banker (TAB) Global at the Excellence in Retail Financial Services Global Awards 2025 on February 20 in Tokyo.
banks pledge to support growth goals

Banks pledge to support growth goals

Banks are committed to supporting the government’s directives by proposing solutions for a stronger banking system and lowering lending rates, helping the economy achieve over 8 per cent growth this year.
lenders use lunar new year to offer alluring rates

Lenders use Lunar New Year to offer alluring rates

Following the Lunar New Year holiday, many banks simultaneously adjusted deposit interest rates to attract idle capital from customers, while lending rates also showed an upward trend, presenting attractive opportunities, but also significant challenges for borrowers.
payment habits now moving towards more efficient means

Payment habits now moving towards more efficient means

AI has become increasingly popular in the banking industry. Tim Evans, CEO of HSBC Vietnam, talked with VIR’s Hong Dung about how AI will drive banks forward.
banks firm on green growth trajectory

Banks firm on green growth trajectory

Vietnam’s financial and banking sector remains steadfast in its commitment to green development amid the withdrawal of numerous international financial institutions from net-zero initiatives due to concerns over political changes in the United States.
expert assesses credit related development challenges

Expert assesses credit-related development challenges

Phan Duy Hung, senior analyst and director at research-focused risk assessment firm VIS Rating, scrutinises the role of credit in economic development, and suggests how Vietnam can sustain growth without relying too much on monetary policy.
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