The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.

Eighteen commercial banks are listed on the bourse, but only one bank entered the bourse in 2019.

2019 witnessed low credit growth rate.

The State Bank of Vietnam (SBV) has issued a document requesting credit organisations and branches of foreign banks to expand credit activities serving production, business and consumption as part of efforts to limit “black credit”.

A report by securities firm SSI says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.

The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.

Two dollar billionaires in the banking sector emerged in 2019, which also witnessed competition that led to big changes in the economy.

Cashless payments grew strongly in 2019, with 635,000 transactions worth a total of VND380 trillion recorded each day, according to statistics from the State Bank of Vietnam (SBV).

The State Bank of Vietnam (SBV) affirmed that regulations are in line with international commitments, which show Vietnam's management rights in the field of payment services.

2019 has been a good year for the banking sector. Most commercial banks performed well with profit results exceeding the targets set earlier in the year.

Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.

A major proportion of bank loans are provided for the business community, particularly the private sector and individuals.

After the lending model collapsed in China, many P2P lenders flocked to Vietnam to seek opportunities in the country.

Daegu Bank of the Republic of Korea (RoK) is preparing to open a branch in Ho Chi Minh City after getting the green light from the State Bank of Vietnam (SBV).

The State Bank of Vietnam (SBV) bought a record high amount of foreign currencies this year. The same is expected in 2020.

When the State Bank of Vietnam (SBV) late last week slashed the dollar purchase price, the greenback prices quoted by commercial banks were adjusted immediately.

 Many banks and finance companies have proactively adopted technologies to provide digital financial services, Nguyen Hoang Minh, a senior central bank official said.

The State Bank of Vietnam (SBV) has warned commercial banks of the risks associated with accepting land-use rights certificates as collateral for loans.

Vietnam’s fintech firms secured two of the top three largest funding deals in ASEAN in 2019.

The State Bank of Vietnam (SBV) has taken steps to tighten regulations over banks’ use of short-term deposits, reducing its ratio used to finance medium and long term loans from 60 per cent now to 40 per cent by September next year.