VIB has raised 260 million USD in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.

By 2025, Vietnam will have a generation of "digital customers". This generation has higher expectations about digital financial products and services.

It's too early to tell how the ongoing Russia-Ukraine conflict will affect Vietnam's banking sector, said industry experts.

Many banks are rushing to sell land and other assets used as collateral for loans to collect debts, including properties worth trillions of dong.

Though businesses need the Government’s economic recovery packages to rebound from the pandemic, the Government should consider limiting the participation of commercial banks in the packages to help them avoid bad debt risks, experts suggest.

When several banks announced the issuance of thousands of billion dong to mobilize medium and long-term capital at high interest rates, a rush for buying bonds followed, which turned into a frenzy towards the end of 2021.

Although the prolonged Covid-19 pandemic has negatively affected the economy, the banking industry still retains bright colors in the profit picture in 2021.

2021 was a fruitful year for commercial banks, which saw a 25 percent growth rate.

While state-owned banks are dominating the domestic credit and debit card categories, privately-held banks in Vietnam are expanding their international payment footprint.

The State Bank of Viet Nam (SBV) has extended the credit growth limits for the third time this year to some commercial banks to meet rising capital demands at year-end.

Sixteen banks in Vietnam reduced a total of VND12.23 trillion ($536.2 million) in interest rates for borrowers affected by the COVID-19 pandemic from July 15 to September 30, equivalent to 59.36% of their commitments.

Though the growth rate slowed down in the third quarter, banks still made high profits. However, the lending interest rates are expected to stay high.

The banking sector will provide enough credit to businesses at supportive interest rates this quarter to help revive them, according to the State Bank of Vietnam’s Ho Chi Minh City branch.

It is reported that there is a significant gap among banks when it comes to interest rate reduction for people and businesses affected by the COVID-19 pandemic.

Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said.

Despite the Covid-19 pandemic, the total remuneration for chairmen of many local banks in the first half of 2021 was over VND200 million (over $9,000) per month, higher than the same period of last year.

Upon the State Bank of Vietnam’s approval, Pham Quang Dung has been appointed Chairman of the Bank for Foreign Trade of Vietnam (Vietcombank) for the 2018-2023 term.

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.

Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.

Business associations and industries have repeatedly asked commercial banks to ease lending interest rates to share difficulties with them in the Covid-19 pandemic.