Only a few foreign banks in Việt Nam maintained profit growth last year, while the majority of them recorded a decline due to falling core income and rising costs.
Last week, the average overnight interest rate decreased from 8.58 per cent per year at the beginning of the week to 5.79 per cent at the end of the week.
Many banks are repurchasing bonds with maturities of two to three years while simultaneously issuing new bonds with longer maturities of five to 10 years.
Under the document, the SBV requested credit institutions, branches of foreign banks and regional SBV offices to implement measures to maintain stable market interest rates.
Beginning April 1, payment account names at commercial banks must fully match information on citizens’ identity cards under new regulations on non-cash payment services.
With the factors, experts forecast that this year will witness unprecedented differentiation in market share and profits of banks. Some banks with advantages in scale, management capacity and specific supporting policies will become bright spots.
For the 6-month term, the interest rate difference between banks becomes more pronounced, ranging from approximately 4.5 per cent to over 7 per cent per annum.
The State Bank of Vietnam (SBV) has withdrawn a net amount of VNĐ116.65 trillion (US$4.4 billion) from the interbank market over the past seven consecutive days, from March 4 to March 12, signalling a surplus of liquidity in the banking system.
After a year of strong growth in 2025 the banking industry is expected to deliver a “moderately positive” performance this year, with profits projected to increase by 16 per cent, according to a report by S&I Ratings.
According to Brand Finance’s Banking 500 2026, Việt Nam is represented by 13 banking brands in the global rankings, seven of which demonstrate notable double digit-growth over the past year, reflecting a progressive financial ecosystem.