Securing capital and efficiency for Vietnam’s 2026-2030 growth ambitions

Securing capital and efficiency for Vietnam’s 2026-2030 growth ambitions

One of the decisive challenges in achieving high growth is ensuring that the economy has a sufficiently large pool of capital.
Banks proactive to ensure profitability

Banks proactive to ensure profitability

The initial public offerings of major securities firms mark the first shot in the race among the banking-securities-insurance triad, laying the foundation to build a multi-billion-dollar financial ecosystem.
Draft decree on collateral leaves banks in a paradox

Draft decree on collateral leaves banks in a paradox

A draft decree detailing conditions for the repossession of collateral tied to non-performing loans is currently open for public and institutional feedback.
Nationwide banking data "cleanup" boosts digital payment security

Nationwide banking data "cleanup" boosts digital payment security

Vietnam’s banking sector has completed a comprehensive review and verification of all customer records, both individual and corporate, linked to payment accounts using digital channels.
Autonomy and stability balanced via credit reform

Autonomy and stability balanced via credit reform

The State Bank of Vietnam is setting out a roadmap towards removing credit growth ceilings, accompanied by efforts to enhance the autonomy of credit institutions.
Weak bank framework must be addressed

Weak bank framework must be addressed

As global economic uncertainties persist, enhancing the resilience of Vietnam’s banking system has emerged as a critical priority.
Efforts aim to ease enterprise headaches

Efforts aim to ease enterprise headaches

Confidence of businesses in the domestic economy remains feeble, with the government promising to facilitate enterprises to access loans more easily.
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.
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