Five banks in Vietnam recorded a pre-tax profit of more than 10 trillion VND (422 million USD) in the first six months of this year, financial statements of the banks showed.

Deposits at commercial banks have been increasing steadily, though interest rates are no longer attractive.

Prime Minister Pham Minh Chinh has ordered the State Bank of Vietnam (SBV) and the Ministry of Finance to report the findings of an investigation into bancassurance operations by the end of July.

Bad debt in Vietnam’s banking system soared in the first half of this year and is expected to rise further in the coming months.

Four State-run banks have further reduced interest rates for deposits of various tenors in a bid to make loans cheaper for businesses that are struggling to survive tough times.

The practice of cross-ownership is becoming increasingly sophisticated, evolving from direct lending based on asset mortgages to the issuance of corporate bonds.

A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.

The burden of providing cheaper capital to the national economy once again falls the banking system amid weak financial markets.

To suspicious-seeming transactions, commercial banks are eligible for stopping a customer's transaction if the customer can’t verify their personal information.

In its drive to financial innovation, Techcombank will foster strategic partnerships, embrace digital transformation, and prioritize talent acquisition to set a path for success and influence in the international and regional financial landscape.

Vietnam's banking sector is grappling with stagnant credit growth, rising non-performing loan (NPL) ratios, and the need for sustainable credit activities.

The third Basel Accord is the latest target of Vietnamese banks after successfully integrating international banking safety standards Basel II.

The trend of electronic and non-cash payments in the Vietnamese economy in 2023 continued to record growth of 52.35% in volume over the same period last year.

The State Bank of Vietnam (SBV) has issued a new circular banning commercial banks from providing loans for the purpose of depositing money at other banks, buying gold, or refinancing existing debts.

Vietnam Export Import Commercial Joint Stock Bank (Eximbank), whose EIB shares are traded on the Hochiminh Stock Exchange (HOSE), has elected Do Ha Phuong as board chairwoman, replacing Luong Thi Cam Tu.

Government bonds prospered again in the first five months of the year.

The advent of data-driven technologies like machine learning, artificial intelligence, and predictive analytics has revolutionized the banking and finance industry.

All major banks have slashed their deposit interest rates across all terms following the rate cut by the State Bank of Viet Nam (SBV) earlier this week.

The draft revised Law on Credit Institutions regulates the application of early intervention to credit institutions which fail to maintain the...

Many banks have announced the replacement of key leaders on their boards of directors as part of reshuffling plans.