Finance

Green credit a key solution to build circular economy

Aside from the State budget and international finance, the development of green credit is identified as a key solution to meet the capital needs for the economy''s green transformation, contributing to the effective mobilisation and allocation of capital for sustainable...

Banks may close inactive accounts after three years under proposed rules

Vietnamese banks may be allowed to close payment accounts that have been inactive for three years or more under proposed amendments to regulations governing non-cash payments.

Việt Nam targets cashless payment value reaching 30 times GDP by 2030

Việt Nam targets that by 2030, 95 per cent of people aged 15 and above will have bank transaction accounts, while the value of cashless payments will reach 30 times GDP.

Bank recovers non-performing loans

Bank have been seizing over thousands of land use rights certificates to resolve non-performing loans as borrowers failed to pay their debts.

Overnight rate hits 11 per cent in early June

Interbank interest rates for Vietnamese đồng loans across most short-term maturities have surged sharply at the beginning of June amid increased short-term capital demand from the banking system.

Loss-making bank branches could be forced to shut down

Loss-making bank branches in Việt Nam could face closure from July 1 under new SBV rules aimed at boosting efficiency, strengthening oversight and streamlining procedures.

SACOMBANK renamed as Saigon Treasure Commercial Joint Stock Bank

Saigon Thuong Tin Commercial Joint Stock Bank (SACOMBANK) has officially changed its name to Saigon Treasure Commercial Joint Stock Bank following approval from the State Bank of Vietnam under Decision No. 36/QD-QLGS4 dated June 1, 2026.

Twenty-five banks granted extra credit room for social housing, industrial property loans

The State Bank of Việt Nam (SBV) has allowed 25 commercial banks to exclude additional lending for social housing, industrial parks and export processing zones from their 2026 real estate credit growth limits, in a move aimed at directing more...

Bond interest rates increase amid surging capital demands

Due to a surging credit growth amid slow deposits, many banks have to raise capital in the bond market, causing bond interest rates to surge and putting significant pressure on profit margins of banks.

Central bank simplifies regulations on foreign exchange management

The new circular amends and supplements five legal documents, thereby reducing and adjusting 11 administrative procedures in foreign exchange management.

Ministry proposes data, cash flow-driven lending to ease SMEs’ credit crunch

Draft amendments to the Law on Support for Small- and Medium-Sized Enterprises aim to reduce SMEs’ dependence on collateral-backed borrowing and encourage banks to assess borrowers based on business performance, transaction data, cash flow and value chains.

Central bank steps up inspections as some banks raise deposit rates

The State Bank of Vietnam has kept key policy rates unchanged to ensure banks could access central bank funding at relatively low cost.

NCB targets $382 million capital raise through private placement

The offering has attracted 22 professional investors, both individual and institutional participants.

High rates cool bank bond issuance as property firms ramp up fundraising

High interest rates are reshaping Việt Nam’s corporate bond market, pushing banks to scale back issuance while property developers ramp up fundraising to refinance debt and secure capital.

Private banks accelerate in equity

Accumulating equity capital through retaining profits to distribute stock dividends is becoming the dominant trend.

Singaporean banks see more opportunities in Việt Nam

Singapore’s banks are expanding their presence in Việt Nam to seize opportunities from the market’s increasing integration into Asian trade and surging corporate financing needs.