Vietcombank, VietinBank, BIDV, and Techcombank among top taxpayers in 2024, with significant increases across the board.

As the 2025 AGM season unfolds, banks are unveiling robust targets and restructuring plans to boost competitiveness.

This strategic move aims to reinforce financial capacity, while complying with international safety standards, said economists and industry experts.

The State Bank of Vietnam (SBV) will always ensures liquidity for commercial banks, so there is no need for the banks to compete on deposit interest rates, SBV Deputy Governor Dao Minh Tu has said.

Vietnam’s bad debt crisis may see relief as the government moves to codify Resolution 42 into law, granting banks greater authority in seizing and selling collateral. The new legal framework could unlock billions in liquidity for the banking sector.

The State Bank of Vietnam (SBV) completed the compulsory transfer of four vulnerable banks, CB, Oceanbank, DongA Bank and GPBank to Vietcombank, MB, HDBank, and VPBank, respectively.

Credit for the individual customer segment last year slowed, while GDP last year recorded a strong recovery and household income growth remained low.

Banks with top profits are planning to pay high dividends.

After many consecutive sessions of net withdrawal, the State Bank of Vietnam (SBV) last week net injected 199.7 million USD through the open market operation and bill channels to support liquidity in the banking system.

In response to government initiatives, banks are launching long-term mortgage solutions with rates starting at just 3.6%, enabling young people to own homes with minimal financial stress.

Several banks are planning to distribute high dividends, reflecting their strong financial performance and signaling confidence in the country’s economic outlook.

Vietcombank has named Le Quang Vinh as its new CEO, effective March 7, 2025. He brings 26 years of experience to the role, succeeding Nguyen My Hao.

According to the SBV, after 12 years of implementing the Law on Deposit Insurance, there have been a number of difficulties and problems that need to be resolved to further enhance the role of the Deposit Insurance of Vietnam (DIV).

The central bank is concerned that a Ministry of Planning and Investment’s proposal on removing the foreign ownership cap and foreign investment conditions of banks or credit institutions headquartered in Vietnam's international financial centres.

Several banks swiftly lowered deposit interest rates last week, paving the way for reductions in lending rates in the near future to bolster businesses and fuel recovery.

The State Bank of Vietnam is tightening control over interest rates, requiring banks to lower lending costs while cracking down on unfair financial competition.

Several commercial banks have started reducing deposit interest rates by 0.1 to 0.4 percentage points in response to the Prime Minister’s direction to lower rates to help achieve the Government’s 8% growth target in 2025.

SBV Deputy Governor Dao Minh Tu stated that an average credit growth of over 2% would contribute to a 1% increase in the country's GDP.

Leading banks in Vietnam, including Vietcombank, Agribank, and BIDV, propose a special lending mechanism to accelerate loan approvals for large-scale national projects, boost investment, and enhance economic growth.