Finance-Banking

Many banks are rushing to sell mortgaged assets to recover bad debts, as these types of debts are forecast to increase slightly this year.

With a potential market upgrade in September 2025, BIDV Securities Company (BSC) forecasts Vietnam’s stock market could draw up to US$1.5 billion in capital inflows.

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Prime Minister Pham Minh Chinh on January 21 attended a roundtable on developing the Centre for the Fourth Industrial Revolution (C4IR) and an international financial centre in Ho Chi Minh City, during which he expressed his hope to learn from foreign friends’ experiences in this work.

(VEN) - In 2025, the Ministry of Finance assigns the State Treasury to mobilize capital through the first issuance of government bonds of VND500 trillion.

Argentine media has lauded Vietnam’s landmark decision to establish an international financial centre in Ho Chi Minh City – the nation’s economic and commercial powerhouse, marking a pivotal shift in the Government’s economic development strategy.

The central banks of Vietnam and Laos have recently launched a bilateral retail payment service using QR codes, enabling seamless cross-border transactions between the two countries.

Credit growth across the banking sector reached 15.08% as of the end of 2024, exceeding the year’s target of 15%, according to Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

A strong US dollar will still be a major factor influencing the USD/VND exchange rate in 2025, causing the Vietnamese dong to depreciate by about three% against the dollar, experts forecast.

Prime Minister Pham Minh Chinh chaired a conference in Hanoi on December 31 to review budgetary-financial affairs in 2024 during which he requested the financial sector to change mindset and promote creativity to complete all finance-budget-related tasks in 2025.

Commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9% year-on-year, while bad debt has peaked and is expected to decrease next year.

(VEN) - So far, despite the difficulties in capital sources, the Vietnamese banking sector continued to maintain stability. Capital injection into the economy has been more favorable, with no congestion like in previous years. That is a great achievement of the sector in 2024.

From January 1, 2025, customers will not be able to perform any digital transactions on mobile if they have not completed the biometric information update.

As 2024 draws to a close, Vietnam's real estate industry is witnessing a notable surge in corporate bond issuances.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the most valuable brand in Vietnam in 2024, according to a recently released report of Forbes Vietnam.

In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

The Vietnamese real estate market is signalling the end of a prolonged downturn, with notable signs of recovery in profitability. However the pace of revival remains measured, due to sluggish sales and limited improvements in consumer incomes.

The Ministry of Finance announced on Friday that it is researching using artificial intelligence (AI) tools to monitor transactions in the stock market.

(VEN) - As of the third quarter of 2024, only 11 out of 27 commercial banks have completed 75 percent or more of their pre-tax profit plans. Therefore, the year-end profit target is a huge pressure weighing heavily on their shoulders.

Party General Secretary To Lam hosted a reception in Hanoi on December 4 for Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC) Maeda Tadashi.

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.

Prime Minister Pham Minh Chinh on November 27 ordered the Governor of the State Bank of Vietnam (SBV) to outline solutions aimed at improving credit management for 2024 in the face of evolving global economic challenges.

(VEN) - To ensure the sufficiency of loans for manufacturing businesses toward year’s end, many credit institutions in Bac Ninh Province have launched new credit packages with preferential interest rates.

The Mekong Delta contributes 95% of Vietnam’s rice exports and accounts for 60% of the country’s total seafood export value. Recently, fruit exports have shown strong growth, with various fruits entering new markets. However, numerous credit-related obstacles are creating challenges regarding agricultural production loans in the region.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has received three prestigious awards at the Vietnam Listed Company Awards 2024, highlighting its leadership in the banking sector, as well as its dedication to transparency and governance.

Vietnam International Bank (VIB) has announced a partnership with Flywire, a global payments enablement and software company based in Boston, to enable Vietnamese payers to digitally pay international education-related fees in their local currency to higher education institutions all over the world.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.