Vietnam’s banking system is showing signs of returning to a period of money surplus as no bank needs the State Bank of Vietnam's (SBV) capital in the open market operation (OMO) channel and overnight interbank interest rates have dropped sharply.

Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.

VOV.VN - The police of Dong Nai province in southern Vietnam are hunting for a young man who on September 8 used a gun to threaten employees of a commercial bank and steal approximately VND600 million.

VOV.VN - The police of Dong Nai province in southern Vietnam are hunting for a young man who on September 8 used a gun to threaten employees of a commercial bank and steal approximately VND600 million.

The State Bank of Vietnam (SBV) and the Banking Working Group (BWG) jointly held a conference in Hanoi on July 16 to discuss measures to attract resources for the implementation of green growth and sustainable development targets.

The capitalisation of Vietnam’s banking sector is expected to increase by nearly US$2.8 billion this year.

Thanks to increases in savings interest rates, deposits at banks increased strongly in the first two months of this year after declining last year.

One major “side effect” of the COVID-19 pandemic, amidst the unprecedented toll that it has exacted, is that it has catalysed digital transformation across all sectors, particularly in financial services.

Remittances to Ho Chi Minh City reached around US$6.6 billion in 2021, up 9% from the previous year, according to Nguyen Hoang Minh, head of the Vietnam Banks Association’s Office in HCM City.

More than 2 million poor households won access to loans worth over VND80 trillion (US$3.52 billion) from the Vietnam Bank for Social Policies (VBSP) last year.