banking news

Update news banking news

Sacombank names Nguyen Duc Thuy as Chief Executive Officer

The State Bank of Vietnam has approved the appointment of Nguyen Duc Thuy as CEO of Sacombank, marking a new phase in the lender’s restructuring roadmap.

Large private banks aim to maintain high credit growth in 2026

In a recent forecast for 2026, Vietcombank Securities Company projected credit growth across the entire banking sector of around 16 to 18%, exceeding the SBV’s 15% target.

New mechanism expected to lead state banks to Asia top 100

Resolution 79, which allows the use of all proceeds from equitization and divestment to increase charter capital for state-owned enterprises, is a breakthrough in the State's capital investment thinking.

Loan market share concentrates in five largest banks as credit hits new record

Total outstanding loans at 30 domestic commercial banks reached a new peak of VND15.8 quadrillion (US$620 billion) by the end of 2025, with the five largest lenders accounting for more than half of the market.

A trillion-dong race: Vietcombank overtakes VPBank, MB surges

Vietnam’s banking sector closed 2025 with nearly VND1 quadrillion (US$40 billion) in charter capital, reshuffling the rankings at the top.

Banking giants expand rapidly, one lender tops VND3 quadrillion for first time

Eight Vietnamese banks have reached total assets of at least VND1 quadrillion (US$40 billion), marking a new milestone for the sector, with three private lenders entering the group for the first time.

Liquidity shocks are a sign of rising capital costs

This year’s sudden spike in overnight rates on the interbank market to around 17 percent per year in a single session startled many observers.

Banks warn of fake “transaction offices” used to scam victims

Staging fake “transaction offices” is a new scam tactic, fooling even tech-savvy people if they let their guard down.

Home loans in 2026: high interest rates and even stricter conditions

Rising deposit interest rates have pushed up lending rates at many banks as lenders seek to avoid shrinking profit margins.

Central bank moves to tighten AI use in banking

The State Bank of Vietnam (SBV) has moved to tighten oversight of artificial intelligence (AI) in the banking sector, requiring lenders and e-wallet providers to notify customers in advance when AI systems are used to interact directly with them.

Banking leaders born in the Year of the Horse

Three prominent banking executives - the chairman of ACB, the CEO of TPBank and the chairman of BaoViet Bank - share the zodiac sign of the Horse.

Banks offer diverse solutions to support SMEs

As SMEs play an increasingly vital role in the economy, banks are placing them at the center of credit growth strategies, rolling out tailored solutions to support businesses operating on tight cash flow.

15 banks cut staff in 2025, Big4 names appear on the list

Fifteen out of 28 domestic commercial banks that have published their fourth-quarter 2025 financial statements reported a decline in workforce compared to the end of 2024, highlighting a significant reshuffle in the banking sector.

ADB, SBV launch 2 million USD green banking initiative

The Asian Development Bank (ADB) and the State Bank of Vietnam (SBV) on January 30 jointly launched a 2 million USD initiative on green banking capacity development, aiming to help Vietnam scale up green and climate finance.

Vietnam’s restructured banks return to profit after years of losses

After several consecutive years of losses, all four Vietnamese banks under mandatory transfer - GPBank, Vikki Bank, VCBNeo, and MBV - have now reported profits for the year 2025, as confirmed by their respective parent institutions.

New legal framework for Mobile Money to take effect in Vietnam soon

The State Bank of Vietnam (SBV) has issued a decision promulgating an implementation plan for Government Decree No. 368/2025/ND-CP on the provision of Mobile Money services.

Vietnam's biometric surge powers digital banking overhaul

The banking industry's digital evolution has transcended basic workflow automation and IT modernisation, pivoting toward a robust ecosystem of digital data and identity infrastructure.

Small denominations not being phased out, says State Bank of Vietnam

The State Bank of Vietnam has officially refuted misleading information circulating on social media regarding the status of banknotes valued from 1,000 to 5,000 VND (approximately 0.04 to 0.20 USD).

UBS AG London joins VPBank’s list of major shareholders

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has just released an updated list of shareholders holding 1% or more of its charter capital, revealing the addition of a notable new foreign stakeholder.

2026 credit growth capped at 15%, experts say policy remains supportive

Experts urge businesses to improve transparency and planning to access bank loans under Vietnam’s adjusted credit policy.