Vietnam's banking sector is stepping up digital transformation, expanding cashless payments, strengthening system security, and promoting inclusive digital financial services to better serve people and businesses.

VOV.VN - The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Gaw Capital Partners, a multi-asset investment firm, on April 29 signed a Memorandum of Understanding (MoU), marking a new milestone in their strategic partnership.

As financial fraud and online scams become increasingly sophisticated, Vietnamese banks are tightening transaction controls and deploying digital tools to detect risks earlier and better protect customers.​

Vietnam has rolled out a cross-border QR payment service with the Republic of Korea (RoK), marking a new step in financial connectivity between the two countries and supporting growing tourism and trade flows.

The State Bank of Vietnam (SBV) has granted a licence for the establishment of a wholly foreign-owned bank to the Industrial Bank of Korea (IBK), marking a new step forward in attracting international financial investment and expanding the presence of Korean financial institutions in Vietnam.

VOV.VN - Vietnam has been recognised among the world’s top five performers in the Human Capital Index Plus (HCI+) 2026 by the World Bank, highlighting the country’s strong outcomes in education, healthcare and workforce development.

Credit in the first quarter of 2026 surged by 3.18% against late last year to VND19.18 quadrillion (US$730 billion), supporting Vietnam’s GDP growth of 7.83%, Pham Thanh Ha, deputy governor of the State Bank of Vietnam (SBV), said at an event on April 14.

VOV.VN - Standard Chartered Bank has been awarded Best Retail Bank Vietnam 2026 at the 17th Annual Retail Banker International (RBI) Asia Trailblazer Awards 2026, marking the fifth consecutive year the Bank has received this recognition.

Nearly 20 commerical banks cut deposit rates over April 10–11, in line with commitments made to the State Bank of Vietnam to reduce borrowing costs for product and business.

Vietnam is well-positioned to benefit from ongoing global trade realignments, leveraging its solid footing in electronics and semiconductors to move further up the value chain, according to Suan Teck Kin, Executive Director for Global Economics and Markets Research at United Overseas Bank (UOB).