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banking

Banking sector takes step to promote digital economy in 2026-2030

Banking sector takes step to promote digital economy in 2026-2030

By 2030, the sector aims to ensure that 100 per cent of public services and administrative procedures provide notifications regarding application status and processing results, with results synchronised on VNeID.
Service segment becomes key sustainable profit source for banks

Service segment becomes key sustainable profit source for banks

Focusing on payment services, digital banking, bancassurance and wealth management is key for banks to maintain their competitive edge.
Governor urges banks not to trade safety for digital transformation growth

Governor urges banks not to trade safety for digital transformation growth

Banks had progressed from connecting and exploiting population data to developing digital ecosystems and smarter services. The sector’s new message is: ''Data leads, AI accompanies, banking s a digital ecosystem''.
Banking sector takes measures to ensure safety in AI era

Banking sector takes measures to ensure safety in AI era

The SBV’s Information Technology Department is expected to submit a draft circular regarding AI application in banking operations to the SBV Governor by the third quarter of 2026.
Prime Minister requires banking sector to focus on quality

Prime Minister requires banking sector to focus on quality

Credit growth must be balanced with risk control digital transformation must be coupled with data security and international integration must be matched by governance capabilities that meet international standards, PM said.
Banking non-term deposits drop by 1.8 billion due to rising term deposit rates

Banking non-term deposits drop by $1.8 billion due to rising term deposit rates

Due to the decline, the average CASA ratio of the entire banking system fell by 1.23 percentage points to 17.19 per cent.
Bank coupon rate hits record high of 10% per year

Bank coupon rate hits record high of 10% per year

Statistics show that coupon rates on bank bonds climbed from 8 per cent at the end of June to 9 per cent in July, eventually reaching 10 per cent in early August.
8.3 billion credit package for SMEs to come soon

$8.3 billion credit package for SMEs to come soon

The programme is one of the SBV''s solutions to promote growth in the context of a volatile global economy due to geopolitical conflicts and trade tensions.
Central bank enhances oversight of AI in banking operations

Central bank enhances oversight of AI in banking operations

The State Bank of Vietnam is drafting a circular to regulate safety, risk management and implementation conditions for AI systems in banking, aiming to clearly define management requirements for AI adoption in the sector.
Overnight rate hits record low since March 2024

Overnight rate hits record low since March 2024

The central bank''s net withdrawal of funds in previous weeks, along with the overnight interbank rate falling below 1 per cent per year, reflects the abundant short-term capital in the banking system.
SBV faces tough monetary management amid high capital demands

SBV faces tough monetary management amid high capital demands

The disparity between credit growth and deposit growth is creating a fierce underlying deposit raising race among commercial banks.
Credit expansion requires banks to keep watch on bad debts

Credit expansion requires banks to keep watch on bad debts

The fact that bad debts are increasing faster than credit growth is a warning sign of pressure on the asset quality of the banking system, according to one economics lecturer.
Banks create more value for credit cards to raise competitive edge

Banks create more value for credit cards to raise competitive edge

Product personalisation, digitisation of the entire user journey and connection with consumer ecosystems are predicted to become the dominant trend of the credit card market in the coming years.
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.
Draft law on banking to be submitted to NA next month

Draft law on banking to be submitted to NA next month

The NA’s Standing Committee met to consider the draft law amending and supplementing the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering, and the Law on Credit Institutions on Tuesday.