Prime Minister Pham Minh Chinh has issued an official dispatch calling for intensified efforts to lower lending rates to support businesses and spur economic growth.

As the 2025 annual shareholders' meeting season is approaching, Vietnamese banks are unveiling optimistic profit targets on the expectation of strong economic growth and credit recovery.

Experts forecast that this year, banks will race to increase their charter capital in order to improve capital adequacy ratios and meet the capital needs for high credit growth.

NCB’s charter capital surged from VNĐ5.6 trillion to VNĐ11.78 trillion, while Techcombank’s charter capital increased sharply from more than VNĐ35.2 trillion to nearly VNĐ70.66 trillion.

DongA Commercial Joint Stock Bank (DongA Bank) has changed its name to Vikki Digital Bank Limited (Vikki Bank) following Decision No. 42/QĐ-TTGSNH2 issued by the State Bank of Vietnam (SBV) on February 14, 2025.

Despite an increase of nearly 5,500 employees across the banking sector in 2024, several banks, including Sacombank and BIDV, have implemented significant layoffs.

Group 5 non-performing loans (NPLs) at most listed banks in Vietnam have surged sharply as shown in the fourth-quarter 2024 financial reports. Only three banks reported a decline in Group-5 bad debts in 2024.

Techcombank employees make nearly USD 2,000 per month on average, while some smaller banks pay less than USD 800.

Vietnam’s banking sector reached new heights in 2024 as 26 banks reported total customer deposits exceeding $507 billion, marking a 12.89% increase from the previous year.

More than 87% of Vietnam’s adult population now hold payment accounts at banks while many credit institutions are processing more than 95% of transactions through digital channels.

Despite economic challenges, Vietnam’s banking sector saw impressive growth in 2024. Vietcombank retained the top spot, while VietinBank and BIDV followed closely, each exceeding 30 trillion VND ($1.2 billion) in profit.

New policies and technologies are strengthening security, reducing the chances of scams targeting bank customers.

The four largest state-owned banks in Vietnam have seen their combined profits more than double since 2020, reaching an all-time high of $5.1 billion in 2024.

The State Bank of Vietnam has completed the mandatory transfer of CB Bank, MBV, GPBank, and DongA Bank to leading commercial banks, marking a critical step in restructuring the financial sector.

Once one of Vietnam's prominent banks, DongA Bank has now been placed under mandatory transfer by the SBV, effectively ending the rights of its shareholders, including major institutional investors.

According to an SBV survey, In 2025, 85.1 per cent of credit institutions expect their pre-tax profits to grow positively compared to 2024.

Despite resigning in 2015, former Dong A Bank chairman Cao Sy Kiem remains listed as a board member due to unresolved administrative requirements under Vietnamese law.

After the successful transfer of MBV and CB banks, the State Bank of Vietnam (SBV) is preparing to announce the mandatory handover of GPBank and Dong A Bank to stronger commercial banks.

The State Bank of Vietnam (SBV) will finalize the mandatory transfer of GPBank and Dong A Bank in the coming days, following the successful restructuring of OceanBank and CBBank.

Agribank’s indicators in 2024 proved to be the best in the last four years, NCB gained encouraging results in its restructuring, and other banks saw satisfactory profits.