Vietnamese citizens must use ID cards or electronic ID cards, not passports, to verify their identity for bank transactions including payments, money withdrawals and card services.
Despite numerous state policies and credit programmes, SMEs still face serious difficulties in accessing capital, mainly due to lack of collateral, weak financial capacity, and complex appraisal procedures.
Vinh highlighted the growing influence of young leaders who are helping drive digital transformation, inspire organisational change and strengthen the role of Vietnamese enterprises in shaping the nation’s prosperity.
Nearly 18 billion cashless transactions were recorded in the first nine months of this year, with total value surpassing VNĐ260 quadrillion (nearly US$10 billion).
Coordination between fiscal and monetary policy, as well as the Ministry of Finance’s efforts to stabilise prices, has been essential in maintaining price stability and strengthening public and business confidence, according to economists.
The capital raising race has become more active again in the fourth quarter of 2025, particularly among joint stock commercial banks, as they look to capture high capital demand at the end of the year and narrow the gap between...
The State Bank of Vietnam is holding a two-day conference in Hà Nội to boost adoption of ISO 20022 standards in the interbank electronic payment system under an ADB-funded project supporting inclusive finance and climate initiatives.
The rating will include five criteria that is built based on the CAMEL model, including capital adequacy, asset quality, management, earnings and liquidity.
Visa, the world’s leader in digital payments, has partnered with Sacombank, Vietcombank and VPBank to launch Visa Accept in Việt Nam, allowing micro and small businesses to accept contactless Visa payments directly on NFC-enabled smartphones, without requiring any additional hardware.
The Dutch Entrepreneurial Development Bank (FMO) and Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) have signed a memorandum of understanding (MoU) on sustainable finance and investment cooperation.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, sticker: HDB) is confident of strong fourth-quarter growth and achieving full-year profit targets, executives said at its Q3 Investor Conference.
Việt Nam’s banking sector is simultaneously cutting staff in traditional roles while racing to recruit experts in digital technology and data analytics.
Credit rating and sustainable finance are an important foundation for the Vietnamese banking sector to build a modern and efficient financial system that is resilient to global fluctuations.
Within three months, Techcombank has consistently been rated highly by two of the world’s leading credit rating agencies, Fitch Ratings and S&P Global Ratings, reaffirming the bank’s robust capital base, effective risk management, and sustainable growth strategy.
