Ministries, agencies asked to take measures to effectively manage gold market

Ministries, agencies asked to take measures to effectively manage gold market

However, along with pending internal shortcomings, the unusual and unprecedented developments in the world geopolitical situation since the beginning of 2025 have pushed international gold prices to continuously increase, resulting in strong fluctuations in domestic gold prices, and the growing gap between domestic and world gold prices.
Bad debt legislation to unlock credit

Bad debt legislation to unlock credit

A more robust legal system is crucial to unlocking over $160 billion in credit resources as Vietnam moves to amend the Law on Credit Institutions, preventing a surge in bad debt from turning into dead capital.
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.
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.
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.
Banking sector seeks to build on last year’s strong growth

Banking sector seeks to build on last year’s strong growth

2024 marked a successful year for the banking system, with achievements in monetary policy and credit institution performance, setting the stage for ongoing efforts on bad debts, green credit, and sandboxes.
Credit growth confronts new pressure

Credit growth confronts new pressure

Credit activities are projected to achieve 16 per cent growth in 2025, though it will be a challenge due to inflation pressures and the sluggish recovery of key sectors.
Mandatory biometric verifications to be expanded

Mandatory biometric verifications to be expanded

Since the implementation of biometric authentication in banking for individuals, fraudsters have shifted to using bogus company accounts, prompting the nation’s central bank to propose mandatory requirements for financial institutions.
The promotion of ESG via banking

The promotion of ESG via banking

Given Vietnam’s economic characteristics, with one of the highest credit-to-GDP ratios globally, credit capital plays a crucial role in guiding and promoting business activities and socioeconomic development.
ESG implementation in banking: from awareness to action

ESG implementation in banking: from awareness to action

Deputy Governor of the State Bank of Vietnam Dao Minh Tu emphasised that increasing ESG implementations requires financial institutions to consistently comply with evolving regulations, demonstrating environmental and social responsibility while enhancing their credibility and transparency.
ESG implementation spurs bank progress

ESG implementation spurs bank progress

The Vietnamese banking sector recognises its role in leading environmental, social, and governance efforts, driving sustainable investment flows, and setting new standards for its clients.
Monetary and credit policies supporting exporters

Monetary and credit policies supporting exporters

Loosening monetary policy and credit incentive packages are aimed at easing exchange rate pressures and supporting exporters during the festive period and year ahead.
Rising NPLs under increased pressure

Rising NPLs under increased pressure

Amid rising non-performing loan ratios, banks face increased pressure to strengthen provisioning and expedite collateral recovery, all while grappling with significant losses from recent events.
Lowered lending rates to facilitate capital access

Lowered lending rates to facilitate capital access

The fourth quarter is bringing soaring capital demand for production and housing, calling for timely preferential credit and rate cuts to empower businesses and citizens in driving consumption and robust growth
Monetary policy flexible and stable

Monetary policy flexible and stable

Vietnam’s central bank remains steadfast in implementing a proactive yet cautious monetary policy, exercising flexibility in the use of monetary tools amid recent sharp exchange rate fluctuations.
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