world financial innovation series redefines future of financial services

World Financial Innovation Series redefines future of financial services

World Financial Innovation Series (WFIS) officially took place over two days—April 15 and 16—at the Melia Hotel in Hanoi.
lending could increase amid volatile forex market

Lending could increase amid volatile forex market

Strong domestic growth is set to fuel a surge in lending, expected to pave the way for the State Bank of Vietnam to balance its policy tools and lay the groundwork for a further 0.03-0.08 per cent decline in average lending rates across the system.
world bank to help sbv build shared database for banking industry

World Bank to help SBV build shared database for banking industry

The State Bank of Vietnam (SBV) has initiated a project to build a shared database for the banking industry, which will be supported by the World Bank and implemented by KPMG Vietnam.
formalising law to remove npl barriers

Formalising law to remove NPL barriers

The continued codification of regulations under the existing legal system is expected to facilitate the resolution of bad debts, as well as remove obstacles that undermine credit institutions.
ministry proposes tripartite coordination mechanism to manage cryptocurrency exchanges

Ministry proposes tripartite coordination mechanism to manage cryptocurrency exchanges

The Ministry of Finance has proposed a pilot programme for issuing and trading cryptocurrencies and digital assets, with oversight from three key agencies: the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.
banks cut rates to boost business

Banks cut rates to boost business

According to the Monetary Policy Department under the State Bank of Vietnam (SBV), 23 different commercial banks adjusted their interest rates between February 25 and March 18.
more bank support to come in form of credit packages

More bank support to come in form of credit packages

Banks will place a strong focus on small traders and consumer lending this year, especially for social housing, to drive economic growth while supporting key sectors.
eib and sbv deepen green finance cooperation to support energy transition

EIB and SBV deepen green finance cooperation to support energy transition

The European Investment Bank (EIB), the financing arm of the European Union, and the State Bank of Vietnam (SBV) on March 12 announced commitments to deepening their cooperation on sustainable finance through technical assistance under the EIB’s Greening Financial Systems (GFS) programme.
standard chartered and sbv accelerate help for women integrating with digital transformation

Standard Chartered and SBV accelerate help for women integrating with digital transformation

On March 10, Standard Chartered Vietnam and the State Bank of Vietnam (SBV) co-organised the conference themed “Banking women integrating with digital transformation” in Hanoi.
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.
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.
donga bank rebrands as vikki digital bank

DongA Bank rebrands as Vikki Digital Bank

DongA Commercial Joint Stock Bank (DongA Bank) changed its name to Vikki Digital Bank Limited (Vikki Bank) according to a decision issued by the State Bank of Vietnam (SBV) on February 14, 2025.
lofty gdp potential is indicator for credit demand

Lofty GDP potential is indicator for credit demand

The State Bank of Vietnam targets 16 per cent credit growth, but this may have to be higher if GDP hits the 10 per cent mark this year.
ensuring credit growth for robust economic development

Ensuring credit growth for robust economic development

Encouraging economic development through the banking system by boosting credit growth has been a consistent directive from the government and the State Bank of Vietnam (SBV) in recent times. Phung Thi Binh, deputy general director of Agribank – one of Vietnam's leading state-owned banks – spoke with VIR’s Hong Dung about this issue.
hdbank undertakes mandatory transfer of donga bank

HDBank undertakes mandatory transfer of DongA Bank

The State Bank of Vietnam (SBV) announced a decision on January 17 to implement the mandatory transfer of DongA Bank to HDBank under a plan approved by the government.
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