Tag: banks
Strategic reforms fuel Vietnam’s economic rise after nearly four decades
VOV.VN - After nearly four decades of reforms and global integration, Vietnam, from a poor country facing many challenges, has risen strongly to become a country approaching a high-middle-income status.
S&P upgrades ratings of three banks, citing resilient economy
S&P Global Ratings has raised the long-term credit ratings of three major banks, reflecting the stronger resilience of the country’s financial system and continued above-average economic growth.
32 banks, e-wallets mobilised to ensure National Day gift distribution
The State Bank of Vietnam (SBV) announced on September 5 that 32 institutions have linked with the VNeID electronic identification platform to support the distribution of gifts and social welfare payments delivered on the occasion of the 80th anniversary of the August Revolution and National Day.
VinFast partners with State Bank of India to provide customer financing
VinFast announced on August 23 that it has signed a memorandum of understanding (MoU) with the State Bank of India (SBI), the country’s largest bank, to offer vehicle financing packages for individual customers through its exclusive dealer network.
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.