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Việt Nam to inspect banks over interest rate cuts in November

Việt Nam to inspect banks over interest rate cuts in November

The inspections will begin immediately within this month, with results to be reported to the Prime Minister.
Lending rates cut by up to 3%, to lower borrowing costs for businesses and priority sectors

Lending rates cut by up to 3%, to lower borrowing costs for businesses and priority sectors

Nearly 20 banks in Việt Nam have lowered deposit interest rates generally by 0.5 per cent points per year while 14 lenders have announced cuts to lending rates of mostly 1.5-2 percentage points with reductions reaching as much as 3...
Draft law proposes scrapping business conditions across four commercial laws

Draft law proposes scrapping business conditions across four commercial laws

The draft law amending and supplementing several articles of the Law on Commerce, the Law on Competition, the Law on Foreign Trade Management and the Law on Protection of Consumer Rights was presented to the National Assembly on Tuesday during...
MSB, FXChange plan automated foreign exchange kiosks in Việt Nam

MSB, FXChange plan automated foreign exchange kiosks in Việt Nam

MSB and FXChange will prepare a proposal for submission to the State Bank of Vietnam (SBV) to seek approval for a self-service foreign exchange agency model, which would operate without staff permanently stationed at the kiosks.
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.
ACV proposes December 1 commercial opening for Long Thành airport

ACV proposes December 1 commercial opening for Long Thành airport

The proposed operating plan, which was revised following consultations with the Civil Aviation Authority of Vietnam and airlines, aims to ensure a smooth transition while maintaining aviation safety and minimising disruption to airlines and passengers, ACV said.
SACOMBANK renamed as Saigon Treasure Commercial Joint Stock Bank

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.
HCM City expands foreign housing access, taking eligible projects to over 130

HCM City expands foreign housing access, taking eligible projects to over 130

Authorities have approved two more residential developments for foreign buyers as part of efforts to improve market liquidity and strengthen investor confidence.
Hà Nội proposes flexible conversion between social, commercial and resettlement housing

Hà Nội proposes flexible conversion between social, commercial and resettlement housing

Hà Nội has proposed a new regulatory framework allowing the conversion between social housing, commercial housing and resettlement housing projects in an effort to improve the use of underutilised housing stock and respond more flexibly to market demand.
SHB targets VNĐ19 trillion profit and unveils new brand identity

SHB targets VNĐ19 trillion profit and unveils new brand identity

Shareholders approved SHB’s 2026 business plan under two scenarios based on actual credit growth limits.
SACOMBANK signals strategic transformation at AGM

SACOMBANK signals strategic transformation at AGM

Shareholders of Sai Gon Thuong Tin Commercial Joint Stock Bank (SACOMBANK stock code: STB) have approved a number of strategic resolutions across three key pillars - operational efficiency, brand positioning and governance restructuring - at the 2025 annual general meeting held in Phú Thọ Province on April...
SHB teams up with Huawei to boost digital transformation

SHB teams up with Huawei to boost digital transformation

The agreement reflects SHB’s long-term vision and determination to redefine its growth model, strengthen competitiveness, accelerate digitalisation, and contribute to the development of Việt Nam’s digital economy.
Banks cut rates following SBVs call

Banks cut rates following SBV’s call

Vietcombank also cut rates by 0.5 percentage points for 24-month deposits, bringing its highest rate down to 6 per cent.
Việt Nam Medical Tourism Alliance launched to position country as global destination

Việt Nam Medical Tourism Alliance launched to position country as global destination

The establishment of VMTA is seen as a key step in strengthening linkages across sectors, unlocking existing potential and enhancing the competitiveness of Việt Nam’s medical tourism industry amid rapid regional growth.