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.

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.

The move came as the dollar index (DXY) hovered around a four-month high of more than 105, with the market welcoming Donald Trump’s victory in the US presidential election.

The newly established Department of Anti-Money Laundering will operate under the State Bank of Vietnam (SBV) from January 5 next year.

According to banks’ financial reports released recently, many banks, including large-scale banks, recorded an increase in bad debts in Q3 2024.

There is a concern about risks that can arise as real estate credit has increased sharply in recent years, particularly by the end of September, higher than the general credit growth of the entire economy.

While banks are shifting to selling health insurance policies through non-life insurance channel, life insurance companies are no longer interested in bancassurance because business conditions have changed.

The Ministry of Information and Communications reported over 220,000 cases of online fraud this year, with the majority tied to financial scams.

Techcombank maintains its top position in employee compensation, with average earnings reaching 48 million VND per month, while other banks like PGBank show growth, and LPBank opts for reductions.

Eximbank has urged caution over rumors concerning its headquarters relocation, emphasizing transparency and compliance, as the proposal awaits shareholder approval.

Experts suggest that the Fed's rate cuts will allow the State Bank of Vietnam to maintain lower interest rates, reducing costs for businesses.

With approval pending, the proposed capital aims to position Vietcombank among the top banks in Asia while driving economic support.