The banking system is facing major problems in asset quality as bad debt has increased rapidly, while Circular 02 on debt restructuring will expire on December 31, 2024.

With the biometric data update deadline fast approaching, banks across Vietnam are seeing long lines and extended wait times as customers rush to comply.

Starting January 1, 2025, unverified bank accounts will face restrictions on online and QR-based transactions. Customers are urged to update their biometric and identification information before the December 31, 2024, deadline.

The Prime Minister has urged the State Bank of Vietnam to implement proactive monetary policies and penalize credit institutions violating interest rate regulations to safeguard borrowers and promote economic stability.

At the extraordinary shareholders’ meeting of LPBank held several days ago, shareholders approved the board of directors’ proposal on the relocation of the bank headquarters. Eximbank will also consider a similar proposal at its shareholders meeting.

For the third straight year, Vietcombank Remittance has been recognized as Vietnam’s top remittance company by Asian Banking & Finance.

Only two commercial banks have slashed lending interest rates, while the strategies of other banks remain unclear. Currently, the trend of rising interest rates remains dominant.

Banks use charter capital to cover shortages as lending exceeds capital raising, but experts warn this gap risks higher interest rates and banking system instability.

Experts emphasised the need to investigate investments and capital contributions linked to banking sector big bosses to curb cross-ownership and manipulation.

The banking system's credit growth had risen by 11.12% as of November 22 compared to the end of 2023, hence the 15% growth target for the whole year is reachable, according to the State Bank of Vietnam (SBV).

Vietnam’s QR payment system will soon connect with China, Japan, and South Korea, facilitating cross-border payments and promoting local currency usage in trade.

Eximbank is well known in Vietnam, not because of its impressive business results in the last 10 years, or profits it brings to investors, but because of the struggle among leaders and uncertainties about the leadership.

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.

In the current economic context, bank savings are expected to be among the most attractive investment channels in the remaining months of this year.

The finance and banking sector is facing new risks amid strong AI (artificial intelligence) development, according to Microsoft Vietnam’s chief technology officer Le Nhan Tam.

Green taxonomy, a framework for defining what can be considered environmentally sustainable, becomes critical as a base for banks to accelerate the provision of green credit, heard a conference on Tuesday.

After 35 years of development, it is time for Eximbank's Board of Directors to reach a consensus on a strategic vision for long-term stability and sustainability.

Eximbank has officially denied receiving any inspection orders from the State Bank of Vietnam, refuting recent rumors that sparked widespread concern.

The total net profit from the foreign exchange trading segment of 29 banks in the first three quarters of 2024 reached more than VNĐ19.62 trillion.