Tag: banking
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.
VinFast India partners with HDFC Bank to deliver comprehensive EV financing solutions
VinFast Auto India, a subsidiary of Vietnamese electrict vehicle (EV) maker VinFast, has signed a Memorandum of Understanding (MoU) with HDFC Bank, one of India’s leading private sector banks, to provide auto and inventory financing for its exclusive dealer network.
State Bank of Vietnam pushes rate cuts as economy grows 7.5%
The State Bank of Vietnam (SBV) urged commercial and foreign banks to stabilise deposit rates and slash lending rates at a conference in Hanoi on August 4, in line with Government directives to drive economic recovery amid the robust 7.52% GDP growth in the first half of 2025.
Crypto investment fraud ring busted, over VND2.6 trillion in transactions
VOV.VN - The police in northern Hung Yen province have dismantled a large-scale cryptocurrency fraud ring operating via a fake trading platform called “Toptrade1,” arresting nine suspects and freezing 22 related bank accounts.
Banking sector lower lending rates
Domestic deposit interest rates at commercial banks have remained relatively stable since the beginning of the year, according to the State Bank of Vietnam (SBV).
More than 86 million bank accounts to be terminated from September 1
More than 86 million bank accounts that have not been biometrically authenticated or have been 'frozen' for a long time will be deleted starting September 1 to prevent fraud and cybercrime.
Central bank to assess compliance of banks in risk management
The State Bank of Vietnam (SBV) will deploy monitoring measures and tools to assess the compliance of commercial banks in implementing requirements related to risk management, especially compliance with Basel III international banking standards, an SBV official said at an event on July 16.
Credit growth hits two-year high, nearing 10% in first half of 2025
VOV.VN - Total credit to the national economy rose by nearly 10 % in the first half of 2025 to over VND17.2 quadrillion, marking the fastest growth rate since 2023.
Fintech sandbox expands access to capital for SMEs
The controlled sandbox mechanism in the banking sector is expected to significantly enhance access to capital for small and medium-sized enterprises (SMEs), experts said at a recent seminar on the implementation of Government Decree No. 94.
Regulatory sandbox in banking sector is a bold policy innovation
Vietnam’s Regulatory Sandbox Decree is more than just a legal instrument, it is a bold policy innovation, Swiss Ambassador to Vietnam Thomas Gass said at an event on July 1.
