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.

Restructuring plans for Dong A Bank and GPBank are under government review and expected to be approved before the Lunar New Year, according to the State Bank of Vietnam.

Asia Commercial Bank (ACB) has vehemently denied rumors circulating on social media, which allege that its executives were involved in gambling and transferring millions of USD abroad, calling the claims baseless and harmful.

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.

The State Bank of Vietnam has set a credit growth target of 16% for 2025, moving toward eliminating the credit room system to create a more dynamic financial environment.

The model applied in Barbados is believed to be a creative model to consider when Vietnam seeks private financing for development goals.

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).