The State Bank of Vietnam has confirmed that banks have fully lent out the VND 14.5 quadrillion (over $595 billion) mobilized, with new credit packages in development for key sectors such as agriculture and social housing.

The State Bank of Vietnam has officially transferred OceanBank and CB Bank to new ownership, guaranteeing the safety of depositors' funds at every stage of the transition.

Vietcombank has returned as a major shareholder of Eximbank, holding a 4.51% stake, after divesting in 2018.

A document claiming Eximbank faces severe system risks has been debunked by the bank, which insists the document is not legitimate and requests an investigation into its spread.

A majority of banks have lowered their profit expectations for 2024.

Fifteen Vietnamese banks have been named among the world’s top 500 banking brands recently announced by the global leading brand valuation consultancy Brand Finance, according to the Vietnam Banks Association.

Vietnam aims to establish a regional financial center by 2035 and an international financial center by 2045, as outlined in a proposal presented to the government.

The bad debts of four state-owned commercial banks in 2023 reached VND86 trillion, up 10.5 percent over late 2022. The NPL (non-performing loan) ratio was 1.29 percent, lower than that of 2022.

While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.

The mandatory transfer of two banks is set to take place in 2024 or 2025.

Individual customers’ banking deposits hit a record high of more than VNĐ6.83 quadrillion as of the end of July 2024, newly released data from the State Bank of Việt Nam (SBV) shows.

As of September 25, the total debt affected by Typhoon No. 3 (Yagi) across 26 provinces and cities has surged to approximately $2.7 billion, impacting over 94,000 borrowers, according to reports from credit institutions.

The State Bank of Vietnam (SBV) is considering gradual removal of the current credit growth rate scheme as per a request by the National Assembly and government.

Vietnamese banks' profitability is expected to be squeezed following their provision of debt relief to support borrowers affected by a recent deadly typhoon, according to the latest report by S&P Global Ratings.

The election of the SAV to the ASOSAI Audit Committee for the first time marks a stride in its capacity for global integration and professional expertise in international cooperation.

With only 682 fraud-related accounts remaining, the implementation of biometric authentication has proven effective in reducing payment fraud incidents across the country.

Many banks have recently announced they are stopping transactions of domestic automated teller machine (ATM) cards with magnetic strips, to ensure security for customers in the context of increasing cybercrimes.

The Government has requested the National Assembly to sanction a substantial investment of VND 20,695 billion (over $834 million) in state capital for Vietcombank.

At a recent meeting with the government, banks proposed the right to seize collateral as a solution to streamline the handling of bad debts, particularly in cases where legal proceedings drag on.

Prime Minister Pham Minh Chinh chaired a meeting on September 21 between cabinet members and leaders of 13 joint stock commercial banks as part of efforts to seek measures aimed at boosting national socio-economic development.