Most banks will not officially set their annual targets until their shareholder meetings in April, but many bank leaders are optimistic about 2019 with plans to increase profits through cutting operating costs and promoting digital services.

 State-owned mobile network operator Mobifone will offload its holding of 38.95 million shares in two joint stock commercial banks in February.

World Bank Group member IFC now owns some 5 per cent of Tien Phong Bank’s stakes, to further assist the lender in expanding its loan services to better serve growing Vietnamese businesses.

VietNamNet Bridge - A series of attacks by hackers on banks occurred recently, showing that banks’ investments in security solutions are insufficient.