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ACB licensed to establish 19 million non-life insurer

ACB licensed to establish $19 million non-life insurer

ACB Insurance Co., Ltd., will be headquartered in Bình Tây Ward, HCM City and licensed for operation for 99 years.
South Korean bank to open fully foreign-owned unit in Việt Nam in September

South Korean bank to open fully foreign-owned unit in Việt Nam in September

South Korea’s Industrial Bank of Korea will launch its wholly foreign-owned bank in Việt Nam this September, with charter capital of VNĐ7.3 trillion (US$281 million).
Bank Satisfaction Rankings 2026 revealled

Bank Satisfaction Rankings 2026 revealled

Vietcombank returned to the top of Việt Nam''s bank satisfaction rankings in 2026, narrowly ahead of Techcombank and MB as competition among leading lenders intensified.
Banks take action to cut lending rates for SMEs as Việt Nam seeks faster growth

Banks take action to cut lending rates for SMEs as Việt Nam seeks faster growth

Official statistics show that by July 31, total outstanding credit in the economy had reached nearly VNĐ20.3 quadrillion, up 8.98 per cent from the end of 2025. Corporate borrowers accounted for more than VNĐ10.7 quadrillion, while loans to SMEs exceeded...
VIFC-HCMC aims to become regional hub for green and transition finance

VIFC-HCMC aims to become regional hub for green and transition finance

Mobilising private and international capital will be crucial to closing Việt Nam''s green financing gap as the country pursues net-zero emissions by 2050, speakers told the Vietnam Green Finance Summit 2026 in HCM City on Thursday.
SBV moves to close dormant bank accounts to curb financial fraud

SBV moves to close dormant bank accounts to curb financial fraud

The SBV said that a large number of legally opened accounts have remained inactive for years, while others have been d using outdated or falsified documents or have been exploited by criminals for fraud, money laundering and other illicit transactions.
Household savings hit record as high interest rates attract idle money

Household savings hit record as high interest rates attract idle money

The increase comes as deposit rates have risen steadily since late 2025, encouraging households to move idle funds into bank savings for capital preservation and higher returns amid subdued performance in the stock, property and gold markets.
SBV orders tighter payment security after detecting chip theft fraud

SBV orders tighter payment security after detecting chip theft fraud

The SBV asked payment service providers to urgently review their payment operations and step up measures to protect customers against increasingly sophisticated forms of card fraud.
AMRO lifts Việt Nam growth forecast to 7.5 per cent amid improving regional outlook

AMRO lifts Việt Nam growth forecast to 7.5 per cent amid improving regional outlook

AMRO has raised its forecast for Việt Nam''s economic growth to 7.5 per cent this year, joining a growing number of international institutions that have turned more optimistic about the country''s outlook.
Việt Nam introduces special policies to strengthen anti-money laundering framework

Việt Nam introduces special policies to strengthen anti-money laundering framework

The revisions focus on key areas, including the definition of beneficial ownership, verification of customer information, transparency of legal arrangements, risk-based customer classification and the frequency of updating customer information.
Vietnam Airlines, VPBank and Visa launch co-branded corporate card

Vietnam Airlines, VPBank and Visa launch co-branded corporate card

The launch comes as Việt Nam''s cashless payment market continues to expand rapidly. According to the State Bank of Vietnam, the total value of non-cash transactions reached around 28 times the country''s GDP in 2025, equivalent to approximately VNĐ360 quadrillion,...
Techcombank posts record Q2 profit on strong fee income and digital growth

Techcombank posts record Q2 profit on strong fee income and digital growth

The bank posted pre-tax profit of VNĐ18.5 trillion (US$703 million) in the first half of the year, up 22.5 per cent year-on-year.
Businesses continue to seek cheaper financing as lending rates remain high

Businesses continue to seek cheaper financing as lending rates remain high

Business representatives said high interest rates are not only increasing financing costs, but also discouraging investment, particularly among small and medium-sized enterprises (SMEs), which account for more than 98 per cent of all businesses in Việt Nam.
Cooling-off period asked for large online transfers to curb fraud

Cooling-off period asked for large online transfers to curb fraud

The move aimed to enhance customer protection, reduce fraud risks in payment.
BIDV becomes first Vietnamese bank to join global carbon accounting alliance

BIDV becomes first Vietnamese bank to join global carbon accounting alliance

Through the alliance, BIDV will gain access to international methodologies, technical guidance and d emissions factors covering multiple countries and economic sectors.