Central bank proposes easing rules for foreign exchange agents
The move aiming to reduce business conditions, simplify administrative procedures and expand foreign exchange services at locations frequented by international visitors.
Digital trust in the AI era demands stronger alliances
Stronger collaboration among regulators, banks, and fintech firms is becoming increasingly essential to protect users and reinforce confidence in Vietnam’s digital financial ecosystem as AI reshapes the industry.
Vietnam’s 2026 credit expansion projected at $106 bln, down $7 bln YoY
The central bank has instructed credit institutions to strictly control credit expansion in high-risk areas, particularly the real estate sector, throughout 2026.
Banks to tighten collateral and credit rating criteria
Risk management criteria, particularly the requirements for "collateral" and "minimum credit rating," are expected to be slightly tightened.
HCM City's banks mobilize over $196bln in capital in 2025
Credit growth continues positive trajectory with total oustanding loans reaching over VND5 quadrillion ($190 billion).
HCM City's total oustanding loans reach $186 bln in 10M
Credit growth mainly focused on economic growth drivers as well as businesses and production sectors.
Remittances to HCM City hit nearly $8 bln in 9M
Remittances from Africa posting the sharpest rise, soaring 150.3% year-on-year.
New rules on big money transfers to take effect on November 1
Big money transfers will have to be reported to the State Bank of Vietnam.
SBV Clarifies Data Scope for Credit Information Center
The central bank affirmed that the information technology systems of credit institutions in Vietnam operate completely independently from CIC.
Central bank proposes reporting rule for e-transfer at future International Financial Center
All electronic money transfers valued at $1,000 or more at the center must be reported for anti-money laundering purposes.
$3.8 mln asset threshold set for domestic banks in International Financial Center
To establish a commercial bank in the IFC, a wholly domestically-owned bank must have minimum total assets of VND100 trillion ($3.8 billion); a wholly foreign-owned bank must have at least VND10 billion (over $380,000) in assets, while a foreign bank branch's parent must possess minimum total assets of VND20 billion (nearly $760,500).
Facilitating the banking industry’s shift towards Open Banking
Conference held by VnEconomy / VET and partners on December 7 provided an opportunity for banks, payment intermediaries, and service providers to discuss further advances in Open Banking.
Vietnam joins hands with ASEAN5 members to boost cross-border payments
Country joins Indonesia, Malaysia, Thailand, the Philippines, Singapore and Thailand in working to promote cross-border payments.
Deputy PM chairs meeting to review central bank circulars
Meeting held following a request from the Prime Minister over concerns about limited access to credit by some businesses.
Central bank tightens control over foreign currency trading
Some organizations found illegally trading foreign currencies.
Central bank directed to effectively handle weak banks
In need of restructuring are Dong A Bank, CB Bank, Ocean Bank, and GP Bank.
Lending rates to soon cool
Analysts believe that loan interest rates will soon cool down following management from the central bank and moves by commercial banks.
EuroCham President: SBV operating very well
Mr. Alain Cany, President of the European Chamber of Commerce in Vietnam (EuroCham), told VnEconomy / VET that while devaluations of the VND have increased over the last two weeks, the currency remains strong, is improving, and is holding up better than many other currencies. The State Bank of Vietnam (SBV), he said, has been doing a good job.
SBV sees challenges from inflation
The State Bank of Vietnam (SBV) believes that inflationary pressure is tending to increase. The 2022 figure is expected to exceed 4 per cent, posing challenges in control efforts next year. Cutting lending interest rates will also face difficulties, due to deposit rates and the USD/VND exchange rate both tending to increase.
KBSV: SBV can loosen credit limit again
KB Securities Vietnam (KBSV) has said that if banks use up the new credit limit, then credit in the industry as a whole will increase about 13.2 per cent compared to the beginning of the year. Therefore, the State Bank of Vietnam (SBV) can loosen the limit again, from 0.5-1.2 per cent, to achieve the annual target of 14 per cent.