Vietnam's bank credit by September 29 this year increased by 13.37% compared to the end of 2024.

Over the past time, the central bank has identified some 600,000 accounts showing suspicious activity. Through collaboration with banks, authorities warned nearly 300,000 customers and blocked transactions totaling around 1.5 trillion VND.

The banking sector digitizes at record pace as customer behavior shifts and data becomes a key asset.

Domestic electronic transfers worth 500 million VND (over 18,900 USD) or more, and international electronic transfers of 1,000 USD (or the equivalent in foreign currency) or above, will have to be reported to the State Bank of Vietnam (SBV).

Decree 69 paves the way for increased foreign participation in banking, unlocking billion-dollar capital flows.

Authorities are still working to determine the full extent of the compromised data, with the exact number of affected records continuing to be assessed and documented.

The SBV urged customers to adhere to legal guidelines and follow instructions from authorities and banks to protect their rights and interests, avoid fraud, and guard against malicious software attacks.

Four Vietnamese commercial banks have joined the International Finance Corporation’s (IFC) Alliance for Green Commercial Banks, a global platform designed to drive sustainable finance and promote green banking practices in emerging markets.

Private banks paid a total of 47.3 trillion VND (over USD 1.79 billion) to the State budget in the 2024 fiscal year, according to CafeF’s ranking of the top 20 private banks by budget contribution.

S&P Global Ratings has raised the long-term credit ratings of three major banks, reflecting the stronger resilience of the country’s financial system and continued above-average economic growth.

With six major banks now holding more than half of Vietnam’s total banking assets, the financial sector is showing strong momentum in 2025.

Bad loans classified as Group 5 have surged 8% since January, raising concerns about credit quality and capital risks among Vietnam’s top commercial banks.

The State Bank of Vietnam (SBV) has announced that from October 1, 2025, certain commercial banks will be entitled to a 50% reduction of the required reserve ratio, a move expected to inject dozens of trillions of dong into the economy.

With strong financial backing and ESG alignment, Agribank is helping Vietnamese businesses turn carbon credits into real economic assets.

The US dollar surged to a new milestone in Vietnam on August 20, with commercial banks officially listing the selling price at 26,500 VND/USD for the first time.

Among 29 commercial banks, 11 reported a decline in bad debt ratios in the second quarter, including National Citizen Commercial Joint Stock Bank (NBC) from 19.54% to 11.35% and Agribank from 1.68% to 1.43%.

Despite system-wide increase, 21 banks keep bad debt ratios below 3%.

This policy is expected to motivate large banks to participate in handling weak banks, while opening up more credit space for the economy.

Vietnam’s banking sector has completed a comprehensive review and verification of all customer records, both individual and corporate, linked to payment accounts using digital channels.

The first half of 2025 saw the “Big 4” banks retain their dominance in lending, while private lenders NCB and VPBank posted the fastest growth.