Commercial banks now are pouring money into digitalization in order to satisfy clients’ requirements amid financial technology breakthroughs.

Following the removal of the limit, Vietnam’s central bank said it would only maintain the monthly limit of VND100 million (US$4,284) for each individual.

The Vietnam Bank Association (VBA) has repeated its call for the Government to approve charter capital hikes at four major State-owned commercial banks, noting that the delay could adversely affect money supply for the economy.

The State Bank of Vietnam (SBV) must take action to ensure 90 percent of the Vietnamese population over the age of 15 have bank accounts by 2030.

Cross-ownership in the country’s banking system had almost been eliminated, a recent report by the State Bank of Vietnam (SBV) showed.

Governor of the State Bank of Vietnam Le Minh Hung on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and diversification of lending and bank services with the aim of fighting loan sharks.

One year after failing to enter MSCI’s watchlist for a market status upgrade, it is still uncertain if Viet Nam will make it this year despite efforts made to improve market conditions.

Nearly 30 e-wallets have been licensed, but only a few of them have real users.

The State Bank of Vietnam (SBV) said in a recent statement that it is not pursuing an unhealthy competitive advantage in international trade after the U.S. Treasury Department raised concerns over the Vietnam's currency practices this week.

Taking advantage of the period during which Vietnamese banks are focusing on restructuring and bad debt settlement, foreign banks have been gearing up for bigger market share.

International press late last week mentioned the possibility of the US adding Vietnam to the list of the countries it needs to monitor for currency manipulation.

The attempted restriction on transaction value via e-wallet has faced strong opposition from both wallet users and goods and service providers.

The dong/dollar exchange rate has fluctuated sharply in recent days after the US decided to impose tariff of 25 percent on $200 billion worth of imports from China.

The program on using non-cash payment methods at all schools and hospitals in the locality initiated by HCMC authorities may fail as it has not been welcomed by the public.

The tightening of real estate credit may deal another blow to the real estate market, which is facing difficulties from all sides, experts say.

Many large multi-national groups have showed interest in the weak banks Vietnam wants to sell. However, they have not moved ahead to implement the plans.

Experts can see high risks in using money from the state budget to increase the charter capital of state-owned banks.

Vietnam’s banks are having difficulties meeting Basel II standards, including the quality of database, the qualifications of staff, technology infrastructure, training, and budget for consultants.

Banks, which all reported big profits for 2018, are using the money to improve their financial capability.

The Governor of the State Bank of Vietnam (SBV), Le Minh Hung, is standing firm on low credit growth. This is also an issue that S&P emphasized in in its latest report.