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banking

Banks cut costs to lower lending rates for priority sectors

Banks cut costs to lower lending rates for priority sectors

At the meeting, banks agreed to lower deposit interest rates, cut costs, and share a portion of their profits in order to reduce lending rates, with a focus on supporting production, business activities and priority sectors.
Smart Banking 2026 to open next week in Hà Nội

Smart Banking 2026 to open next week in Hà Nội

The 7th annual high-level banking conference and exhibition will feature a plenary session and three thematic tracks exploring key strategies to shape the future of the banking industry.
New liquidity rules offer lending headroom but funding pressures persist

New liquidity rules offer lending headroom but funding pressures persist

Circular 50/2026/TT-NHNN raises the maximum loan-to-deposit ratio (LDR) to 95 per cent from currently 85 per cent while introducing a phased transition towards Basel III liquidity standards.
Bank credit surge supports high GDP growth target: SBV

Bank credit surge supports high GDP growth target: SBV

As of the end of August 2026, credit proportion to agriculture, forestry, and fisheries accounted for 6.08 per cent industry and construction accounted for 23.1 per cent and trade and services accounted for 70.11 per cent.
VIB wins 2026 retail banking award, targets transaction growth

VIB wins 2026 retail banking award, targets transaction growth

As VIB marks 30 years of operations, its retail credit grew at an average annual rate of 23 per cent from 2017 to 2025, about 1.6 times the industry average.
MB becomes first bank to surpass VNĐ100 trillion in charter capital

MB becomes first bank to surpass VNĐ100 trillion in charter capital

MB is expanding its presence in key Asian financial and economic hubs, such as Singapore, the Republic of Korea, China and Taiwan (China), aiming to strengthen capital flow connections, international business ties and cross-border financial activities.
Cash-rich giants hold advantage amid interest rate hike

Cash-rich giants hold advantage amid interest rate hike

Enterprises with large cash reserves not only possess a buffer to withstand market difficulties but can also earn significant financial income from bank deposits.
SACOMBANK wins 3 Vietnam Outstanding Banking Awards for retail banking, digital transformation, support for SMEs

SACOMBANK wins 3 Vietnam Outstanding Banking Awards for retail banking, digital transformation, support for SMEs

Saigon Treasure Commercial Joint Stock Bank (SACOMBANK) won three awards at the Vietnam Outstanding Banking Awards 2026, including “Outstanding Retail Bank”, “Outstanding Digital Bank”, and “Outstanding Bank for Small and Medium Enterprises”.
Several banks use up their credit growth quota allocated for 2026

Several banks use up their credit growth quota allocated for 2026

Banks that undertook a mandatory transfer of weak banks expanded credit at a pace far exceeding the 10.2 per cent industry average, of which VPBank led with a surge of 23.2 per cent.
Overnight interbank rate hits four-year low of 1.1%

Overnight interbank rate hits four-year low of 1.1%

The slide was seen after the central bank injected a net total of over VNĐ34 trillion (US$1.3 billion) via open market operations and activated a foreign currency swap facility worth $2 billion.
Central bank plans to enhance monitoring to prevent money laundering

Central bank plans to enhance monitoring to prevent money laundering

Under an SBV draft circular on the procedures for monitoring activities within the monetary and banking sectors, the SBV proposed to incorporate information regarding bank executives, major foreign shareholders, VIP clients and politically exposed persons into its anti-money laundering supervisory data...
Banks to gain access to tax data for credit assessment

Banks to gain access to tax data for credit assessment

The General Department of Taxation and the National Credit Information Centre of Vietnam (CIC) have signed a cooperation agreement on exchanging and using data to a framework for closer information sharing between the tax and banking sectors.
Government to reform central banks monetary policy management to raise independence

Government to reform central bank’s monetary policy management to raise independence

The Government mandates increasing the SBV''s independence in monetary policy management by gradually shifting to managing based on price and using indirect instruments in the 2026-30 period.
Individual payment account balances at banks reached 46.2 billion

Individual payment account balances at banks reached $46.2 billion

Despite the decline in value, the number of payment accounts at banks continued to rise in the period with nearly 256.7 million by the end of June 2026.
Banks allowed to expand credit for hospitality industry

Banks allowed to expand credit for hospitality industry

The new regulation is expected to expand credit for projects involving restaurants, hotels, tourism, eco-tourism and resorts, channeling more capital toward real estate assets capable of active operation, service provision and generating actual revenue.