Tag: banks
VBSP to reduce lending interest rates for social policy credit programmes
The Vietnam Bank for Social Policies (VBSP) is reducing the lending interest rates for its credit programmes to support the people in overcoming difficulties and stabilising their lives, effective from December 1, 2025.
Vietnam adopts mandatory biometric authentication for new bank cards
Starting January 5, 2026, banks in Vietnam will be required to verify biometric information from customers when issuing new cards.
Vietnam sustains strong growth, but key risks remain
VOV.VN - Vietnam is sustaining an impressive economic growth trajectory in 2025, prompting major international institutions to express optimism about the country’s full-year outlook.
Deputy PM lauds World Bank partnership, urges stronger cooperation
Deputy Prime Minister Ho Duc Phoc received in Hanoi on November 25 Carlos Felipe Jaramillo, the World Bank (WB)’s Vice President for the East Asia and Pacific (EAP) Region, during which he appreciated the WB’s support for Vietnam in recent years.
PM calls for more innovative, public-oriented banking sector
The Vietnamese banking sector must deepen innovation, accompany businesses and citizens, demonstrate flexibility, and contribute to rapid and sustainable development so that its benefits are widely shared, said PM Pham Minh Chinh.
Vietnam to stop accepting passports for banking transactions from January 1, 2026
Starting January 1, 2026, domestic banks will no longer accept passports as valid identification for Vietnamese citizens in any transactions, including payments, cash withdrawals, or card services, according to circulars issued by the State Bank of Vietnam.
Vietcombank named Best Place to Work in Vietnam
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been honoured as the “Best Place to Work in Vietnam 2025,” retaining its No. 1 position in the banking sector and ranking second overall among large enterprises.
Nearly 18 billion cashless transactions recorded in nine months
Nearly 18 billion cashless transactions were recorded in the first nine months of 2025, with total value surpassing VND260 quadrillion (nearly US$10 billion), according to the State Bank of Vietnam (SBV)’s Payment Department.
Central bank mulls raising gold position limit for lenders
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 on track for 18-20% in 2025
Credit growth of 18-20% for 2025 appears achievable as banks’ outstanding loans continued to expand over the first nine months.