The State Bank of Vietnam (SBV) plans to raise the end-of-day gold position limit for credit institutions authorised to produce, export and import gold from 2% to 5% of their charter capital, a move expected to give banks more flexibility in supplying gold to the market.

Credit growth of 18-20% for 2025 appears achievable as banks’ outstanding loans continued to expand over the first nine months.

Digital payments in Vietnam have continued to expand rapidly, with QR code transactions soaring by more than 150% in value, according to a report released by the State Bank of Vietnam (SBV) on October 29.

Prime Minister Pham Minh Chinh had bilateral meetings with Lao Prime Minister Sonexay Siphandone and Japanese PM Sanae Takaichi as well as leaders of ASEAN, the World Bank, and the Fédération Internationale de Football Association (FIFA) on October 26 on the sidelines of the 47th ASEAN Summit in Malaysia.

Following a recent data breach at the National Credit Information Centre (CIC) and a surge in online scams, Vietnamese banks are stepping up cross-sector collaboration to protect financial data.

As Vietnam intensifies its climate action and green growth goals, the banking sector is taking a decisive step to integrate Environmental, Social and Governance (ESG) principles into financial operations.

The Vietnam Symposium in Banking and Finance (VSBF 2025) is set to take place in Hanoi from October 23 to 25, bringing together experts, scholars, and policymakers to share research and discuss key issues in banking, finance, and macroeconomics.

Vietnam’s economy is forecast to exceed US$505 billion by the end of 2025, placing the country among the world’s 30 largest economies, according to projections by the World Bank.

Several major commercial banks were found to have used trillions of dong raised from corporate bond issues for purposes other than those publicly stated, according to a report released by the Government Inspectorate on October 17.

VOV.VN - Amid soaring domestic gold prices and strong fluctuations in the global market, the State Bank of Vietnam (SBV) has introduced measures to control and stabilise the gold market, aiming to prevent instability that could negatively impact the economy.