The State Bank of Vietnam (SBV) has proposed increasing the foreign ownership cap at some commercial banks from 30% to 49%.

Foreign investors’ continuous investment in Vietnam has shown their optimistic about the country’s economic outlook, despite the difficult situation of the global banking sector.

Deputy Minister of Finance Do Thanh Hung is leading a Vietnamese delegation to the ASEAN Finance Ministers' and Central Bank Governors' Meeting (AFMGM) and related meetings, which opened in Bali, Indonesia, on March 28.

VOV.VN - Four Japanese banks are set to co-finance a total of US$300 million to provide credit lines to power producers using renewable energy in Vietnam as part of efforts to help the growing country in its decarbonising process.

Green credit growth in Vietnam has remained limited due to the lack of a clear legal framework, according to industry insiders.

The Singapore-based United Overseas Bank (UOB) anticipates the State Bank of Vietnam (SBV) will cut its refinance rate in the second quarter this year by 100 basis points to 5.00%.

Deputy Prime Minister Tran Luu Quang has signed a dispatch on the cancellation of World Bank (WB) loans due to the unusability, and the re-allocation and use of the cancelled International Development Association (IDA) loans in the 2022 - 2023 fiscal year.

Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement.

The number of new customers of commercial banks has increased dramatically in recent years thanks to their digital applications.

Vietnam’s economy is well supported by its policy, but headwinds in the world’s financial market, with risks from the European and American financial systems, have caused concern.