FINANCIAL AND BANKING NEWS

Banks step up sale of mortgaged assets to recover bad debts at year end

The list of assets put for sale ranges from land use rights, urban housing, commercial establishments to corporate debts, reflecting the banks' drastic efforts to handle bad debts at the end of the year. ...

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HCM City partners with Binance to advance International Financial Centre development

The two parties will also work together to support the innovation ecosystem, including SMEs and start-ups applying digital technologies, blockchain and financial technology. ...

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Banks stop accepting transactions by passport for VN customers from 2026

Vietnamese citizens must use ID cards or electronic ID cards, not passports, to verify their identity for bank transactions including payments, money withdrawals and card services. ...

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Nearly 18 billion cashless transactions recorded in nine months

Nearly 18 billion cashless transactions were recorded in the first nine months of this year, with total value surpassing VNĐ260 quadrillion (nearly US$10 billion). ...

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Deposit interest rate raising race amongst banks heats up

The capital raising race has become more active again in the fourth quarter of 2025, particularly among joint stock commercial banks, as they look to capture high capital demand at the end of the year and narrow the gap between mobilisation and lending growth. ...

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FMO, HDBank sign MoU to promote green, sustainable growth in Việt Nam

The Dutch Entrepreneurial Development Bank (FMO) and Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) have signed a memorandum of understanding (MoU) on sustainable finance and investment cooperation. ...

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Strong credit ratings help cut capital raising costs

In the first ten months of 2025, the value of rated bonds reached VNĐ287.4 trillion, more than double the amount during the same period in 2024. ...

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MoF defends new income tax draft amid concerns from high earners

The draft revision of Việt Nam’s income tax law has sparked debate as the finance ministry defends reforms to cut burdens, while high earners say singles may lose out. ...

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