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Banks accelerate digitalisation, non-cash payments
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
Economy
PM urges stronger growth, inflation control, macroeconomic stability
All ministries, sectors, and government bodies must actively fulfil their responsibilities to help the nation achieve its goals of macroeconomic stability, CPI under 4.5%, and GDP growth of 8.3–8.5%.
Banking sector shifting focus to Vietnamese start-ups
According to the State Bank of Vietnam, by the end of June 2025, total system-wide credit had grown by approximately 9.9 per cent, with capital flows concentrating on priority sectors such as production, business, and notably, start-ups.
Thailand to boost ties at IMF–World Bank Annual Meetings 2026
Experience the ecosystem of privileges for PVcomBank Premier customers
Several banks plan to list share on stock exchanges
Central bank required to consider proposals on Basel III application
Central bank injects more than 5 trillion VND into market
Mar 11, 2025 10:01
After many consecutive sessions of net withdrawal, the State Bank of Vietnam (SBV) last week net injected more than 5.09 trillion VND (199.7 million USD) through the open market operation (OMO) and bill channels to support liquidity in the banking system.
Reference exchange rate inches up 9 VND on March 11
Mar 11, 2025 09:36
Both Vietcombank and BIDV raised their buying and selling rates for the US dollar by 10 VND from March 10.
PVcomBank and BPC mark 10 years of partnership: Shaping the future of banking in Vietnam
Mar 11, 2025 09:33
Hanoi 2025 - BPC, a global leader in payment solutions, and PVcomBank mark a decade of partnership that has empowered PVcomBank for providing innovative, secure, safe and reliable banking services.
PVcomBank and Generali Vietnam sign exclusive life insurance distribution agreement
Feb 27, 2025 12:52
Vietnam Public Commercial Joint Stock Bank (PVcomBank) and Generali Vietnam Life Insurance LLC (Generali Vietnam) have officially signed a strategic partnership agreement for the exclusive distribution of life insurance products.
Int'l financial institutions show positive views on Vietnam's growth prospects
Feb 26, 2025 10:15
The Vietnamese government is demonstrating a high determination in promoting public investment, focusing on numerous strategic infrastructure projects that connect economic centres. This will serve as an important launching pad for Vietnam to enter a new era – the era of the nation’s rise, according to HSBC.
Malaysia vows to promote green investment collaboration during ASEAN chairmanship
Feb 26, 2025 10:15
In his speech at the 2025 ASEAN Banking and Finance Summit in Kuala Lumpur on February 25, Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said the bloc’s energy transition cannot occur in isolation and that no country can achieve its sustainability goals without strong regional cooperation.
Measures sought to promote banking sector's role in driving economic growth
Feb 11, 2025 12:30
PM Chinh highlighted the global shifts and policies impacting Vietnam since the start of the year, prompting the organisation of this meeting to assess the current situation and gather input from businesses and banks.
Reference exchange rate up on January 17
Jan 17, 2025 10:14
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,341 VND/USD on January 17, up 8 VND from the previous day.
PVcomBank: Delivering outstanding customer experiences
Jan 16, 2025 14:27
Founded in 2013, Vietnam Public Commercial Joint Stock Bank (PVcomBank) is the result of a merger between Petro Vietnam Finance Joint Stock Corporation (PVFC) and Western Commercial Joint Stock Bank (WesternBank). Over the years, PVcomBank has expanded to become the fifth-largest digital bank in Vietnam. Thanks to its commitment to deliver ‘Banking for Everyone’, it now serves over three million customers across various segments in Retail, SME, commercial and corporate.
Thailand plans to improve mobile banking security measures
Jan 02, 2025 10:10
The Bank of Thailand (BoT) is planning to improve mobile banking security measures by limiting certain groups of people, such as teenagers and the elderly, from transferring more than 50,000 THB (1,500 USD) per day.
Thailand plans to improve mobile banking security measures
Jan 02, 2025 10:10
The Bank of Thailand (BoT) is planning to improve mobile banking security measures by limiting certain groups of people, such as teenagers and the elderly, from transferring more than 50,000 THB (1,500 USD) per day.
ADB approves 500 million USD loan for Philippines's public financial management reform
Dec 13, 2024 10:42
The Asian Development Bank (ADB) on December 11 approved a 500 million USD policy-based loan to help the Philippines pursue its public financial management (PFM) reform agenda and ensure quality public services for its people.
Top legislator receives United Overseas Bank leader in Singapore
Dec 02, 2024 15:04
Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man received Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of United Overseas Bank (UOB) – one of the world’s top banks, within the framework of his ongoing official visit to Singapore on December 2.
Singapore proposes new law to curb bank scams
Nov 14, 2024 10:59
Singapore’s Protection from Scams Bill, presented to Parliament on November 11, proposes an unprecedented measure allowing police to issue Restriction Orders (RO) on suspected scam accounts. If it is passed, Singapore will be the first country to grant police authority to intervene in bank transactions to prevent fraud.
NA's 4th working week to focus on question-and-answer session
Nov 11, 2024 12:12
The agenda of the 4th working week of the 15th National Assembly (NA)’s 8th session from November 11-13 will focus on many important issues, with the highlight being a question-and-answer (Q&A) session taking place on November 1 and 12.
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