Finance

Local banks cut interest rates in response to PM’s request

The rate cuts come in response to the Prime Minister’s directive to inspect and review banks that have recently increased deposit rates.

Banks begin reducing deposit interest rates in response to PM’s directive

Several commercial banks have started reducing deposit interest rates by 0.1 to 0.4 percentage points in response to the Prime Minister’s directive...

Anti-laundering legal holes being bridged

The banking sector is intensifying efforts to strengthen the legal framework and implement robust measures to combat money laundering in cross-border...

Commercial banks upbeat about achieving high profits in 2025

Vietnamese commercial banks are optimistic about their 2025 profit targets, with many expecting increases of 20 per cent to 30 per cent due to...

Banks expect upbeat profit picture for 2025

Several banks have set higher profit targets for this year, expecting more positive credit growth amid improved capital absorption capacity and an...

PM calls for measures against banks increasing deposit interest rates

The government has ordered inspections of commercial banks that have raised deposit interest rates and mandated strict penalties for non-compliance...

PM orders stronger measures to cut lending rates

Financial institutions were directed to cut operational costs, streamline procedures, adopt technology, and restructure operations to enhance...

SBV suggests delaying the establishment of digital banks in financial centre

The State Bank of Việt Nam (SBV) suggested that the establishment of digital banks should be postponed to January 1, 2027.

​Vietnam ending tax exemption for low-value imports gives local businesses competitive edge

While online retailers relying on cross-border e-commerce brace for price hikes after Vietnam officially scrapped the tax exemption for imported...

Banks pledge to support growth goals

Banks are committed to supporting the government’s directives by proposing solutions for a stronger banking system and lowering lending rates...





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