banking news

Update news banking news

Cross-ownership in banking difficult to detect: SBV

SBV says that controlling cross-ownership in banks is extremely challenging when shareholders and related parties intentionally conceal their ownership by using individuals or organizations’ names as shareholders to circumvent regulations.

Vietnamese banks brace for impact of US tariffs on exports

U.S. reciprocal tariff policies targeting several countries, including Vietnam, have become a focal concern for banks, as these measures could directly impact their clients and, in turn, affect the quality of bank assets.

Vietnamese gov’t approves two-year trial of P2P lending

Vietnam will begin a two-year trial of peer-to-peer (P2P) lending, credit scoring, and data sharing through open application programming interfaces from July 1, following the Government’s Decree 94 issued on April 29.

Four restructured banks show signs of recovery after years under special control

GPBank, MBV, Vikki Bank, and VCBNeo are undergoing digital transformation with support from major banks.

Eximbank engages over 10 global investors to boost market value

Eximbank has held talks with more than 10 global investors to restore its market leadership.

Can digital assets and carbon credits unlock new opportunities for bank loans?

According to experts, even real estate and gold fluctuate unpredictably. Accepting digital assets as collateral could expose banks to major risks when asset values plummet.

New chairwoman appointed at PGBank

Cao Thi Thuy Nga takes the helm at PGBank as the board sees major reshuffle.

HDBank assesses minimal risk from U.S. tariff impact

Despite U.S. tariffs on Vietnamese exports, HDBank reports low exposure, with loans tied to U.S. trade accounting for under 1.5% of its total.

Big5 banks to block scams with AI from August

Vietnam’s largest banks will use AI to stop fraud before transfers are completed, protecting millions of users.

LPBank cuts 1,600 staff in Q1 amid record profit surge

Vietnamese bank LPBank has reduced its workforce by 15% in just three months while posting record profits.

TPBank fined for repeated bond registration violations

The bank must pay over VND 92 million for delays in bond procedures, marked as repeat offenses.

Banking giants boost Vietnam’s state budget with USD 2.5 billion in taxes

Vietcombank, VietinBank, BIDV, and Techcombank among top taxpayers in 2024, with significant increases across the board.

Vietnam’s banks roll out 2025 shareholder meetings and growth strategies

As the 2025 AGM season unfolds, banks are unveiling robust targets and restructuring plans to boost competitiveness.

Banks ramps up share payouts to meet Basel III

This strategic move aims to reinforce financial capacity, while complying with international safety standards, said economists and industry experts.

SBV says commercial banks should not compete on deposit interest rates

The State Bank of Vietnam (SBV) will always ensures liquidity for commercial banks, so there is no need for the banks to compete on deposit interest rates, SBV Deputy Governor Dao Minh Tu has said.

Vietnam banks to gain stronger powers in resolving bad debts under new law

Vietnam’s bad debt crisis may see relief as the government moves to codify Resolution 42 into law, granting banks greater authority in seizing and selling collateral. The new legal framework could unlock billions in liquidity for the banking sector.

Acquirers of weak banks get incentive policies

The State Bank of Vietnam (SBV) completed the compulsory transfer of four vulnerable banks, CB, Oceanbank, DongA Bank and GPBank to Vietcombank, MB, HDBank, and VPBank, respectively.

Corporate credit demand expected to keep rising this year

Credit for the individual customer segment last year slowed, while GDP last year recorded a strong recovery and household income growth remained low.

Banks promote dividend payments in shares to raise charter capital

Banks with top profits are planning to pay high dividends.

Central bank injects more than 5 trillion VND into market

After many consecutive sessions of net withdrawal, the State Bank of Vietnam (SBV) last week net injected 199.7 million USD through the open market operation and bill channels to support liquidity in the banking system.