In a landmark move for Việt Nam’s digital economy, South Korea’s top cryptocurrency exchange operator, Dunamu, has teamed up with Military Commercial Joint Stock Bank (MB) to launch the country’s first locally operated digital asset trading platform
The net interest margin (NIM) for listed banks has declined to its lowest level since 2019, but experts expect this trend will reverse in the near future.
The banking system''s credit growth reached about 10 per cent after seven months, significantly higher than the 6 per cent recorded in the same period in 2024, according to the State Bank of Vietnam (SBV).
Prime Minister Phạm Minh Chính has requested the State Bank of Vietnam (SBV) to develop a roadmap to pilot the removal of the credit growth quota regulation from 2026.
Standard Chartered, a major international bank with a strong presence in Việt Nam, is helping bridge the financing and advisory gap for this transition.
Việt Nam’s per capita cashless transaction volume now trails only China, with total value of VNĐ295.2 quadrillion (US$11.3 trillion), or 26 times of its GDP.
At a conference held on Monday in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability.
The policy, effective from 15 September this year, prioritises capital consolidation over shareholder payouts and signals a shift from broad-based encouragement to more ive oversight.
An Bình Commercial Joint Stock Bank (ABBANK) posted a pre-tax profit of VNĐ1.67 trillion (US$63.7 million) in the first half of 2025, a nearly 200 per cent year-on-year increase, completing 93 per cent of its full-year target.
HDBank has signed a landmark US$215 million syndicated loan agreement with three leading international financial institutions, JICA, FinDev Canada and Sumitomo Mitsui Banking Corporation (SMBC), to bolster its sustainable finance agenda.
The SBV also stated that it will strive to maintain stable deposit rates and reduce lending rates through cost-cutting, digitalisation, streamlined administrative procedures, and internal restructuring.
Relevant authorities are requested to swiftly implement measures to encourage non-cash transactions, enhance direction and guidance, and conduct widespread communication campaigns to promote cashless payments.
HDBank (HoSE: HDB) has announced its highest-ever six-month pre-tax profit of VNĐ10.1 trillion (US$383 million) for the first half of 2025, up 23.3 per cent year-on-year, driven by strong digital transformation, robust credit growth, and solid risk management.
