A conference titled “Banking sector supporting capital mobilization for Southeast region growth, 2026-2030,” organized by the State Bank of Vietnam with the HCMC People's Committee, saw 18 cooperation agreements aimed at adding resources for key projects in the region. HDBank and Vikki Digital Bank pledged 124,500 billion VND for four projects in HCMC and Dong Nai, excluding their co-financing of Metro lines 4–5, while VietinBank, Agribank, MB and Vietcombank also committed funds to transport, industrial and social housing projects. The SBV said 35 key projects nationwide need about 1.7 quadrillion VND in loans, including 15 in the Southeast needing about 757,000 billion VND, and it has mechanisms to exclude these loans from or add to banks' credit growth quotas. HDBank urged faster land clearance, legal completion and data sharing to shorten appraisal times, and it raised a 721 million USD social loan in 2026.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ngành ngân hàng cam kết tiên phong, kiến tạo sức bật Đông Nam Bộ
Keywords
bankscreditState Bank of VietnamHDBank
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- State Bank of Vietnam creates mechanism to exclude VND 1.7 million billion from credit growth limits
The State Bank of Vietnam (SBV) has set a mechanism to exclude from, or add to, credit growth limits for commercial banks financing 35 large, key projects with total borrowing needs of about VND 1.7 million billion, aiming for two-digit economic growth. At a conference in Ho Chi Minh City on 23 October 2026, Deputy Director Nguyễn Xuân Bắc said total credit across the economy reached over VND 20.7 million billion at end-September 2026, up 11.7% from end-2025. Credit in the Southeast region was nearly VND 6.8 million billion, about 35% of national outstanding loans and up 10.93%, and 15 projects there needed around VND 757 thousand billion in borrowing. Governor Phạm Đức Ấn stressed the goal of unlocking financial and banking resources for growth in the Southeast region over 2026–2030.
- Wave of Interest Rate Cuts Gathers Pace, Some Banks Cut Several Times
Many banks are continuing to cut deposit and lending rates after urgent directives from the Government and the State Bank of Vietnam, and the trend is expected to last through 2026. VPBank will cut lending rates by 1.5% from 26 October for individuals in 6 priority sectors and for SMEs borrowing working capital, and it lowered some online deposit rates by 0.5% from 20 October, with a 10,000 billion VND quota. SACOMBANK has launched a 20,000 billion VND package with 1.5-2% annual rate cuts for individuals, after earlier cutting deposit rates by 0.5% per year for terms of 6 months or more and offering a 40,000 billion VND package with 2% annual cuts for businesses. Vietbank has launched a 3,000 billion VND package with rates at least 1.5% per year lower, valid until 30 June 2027 or until the quota is used up. A plastics company in Ho Chi Minh City said a 2.5 billion VND loan now carries a rate 1.5% per year lower, and an economist said lower rates help businesses free up cash flow.
- Banks agree to inject 230 trillion VND into businesses and projects: Which names are worth watching?
At the 23 October 2026 conference organised by the State Bank of Vietnam and the HCMC People's Committee, banks and businesses signed 20 cooperation agreements worth about 230 trillion VND in total. The projects span manufacturing, energy, pharmaceuticals, transport infrastructure, industrial parks and social housing. Notable deals include BIDV and VietinBank co-financing PTSC's EPIC 1 package for the Maydan Mahzam field redevelopment, worth 2.8 billion USD, and Agribank financing 4,867 billion VND for an expressway section of HCMC's Ring Road 4. Vietcombank is providing 1,113 billion VND for Becamex's social housing projects, ACB 500 billion VND for Central Medicinal Materials JSC 2, and HDBank and Vikki Bank are co-financing 50,000 billion VND for the VIFC-HCMC project cluster.
- Key Southeast Projects Need 757,000 Billion VND in Loans
15 key projects in the Southeast region need 757,000 billion VND in loans, and banks have disbursed more than 39,000 billion VND so far. According to Nguyễn Xuân Bắc, an official of the State Bank of Vietnam, lending faces three problems: legal hurdles and delays in land procedures and site clearance; a mismatch between short-term funding and the long construction and capital-recovery periods of large infrastructure projects; and limited enterprise governance and transparency in the data provided for loan appraisal. Outstanding credit in the region reached about 6.8 million billion VND at the end of September, up more than 10.9% from the end of last year and nearly 35% of the national total, while three localities target GRDP growth of 10-10.04% this year. Governor Phạm Đức Ấn urged banks to prioritize major projects such as urban rail and the Cần Giờ bridge, and asked enterprises to be transparent, secure adequate equity and prepare feasible repayment plans.
- Banks cut deposit rates but borrowing costs remain high
Vietnamese banks have begun cutting deposit rates under a State Bank of Vietnam directive, with over 20 banks reducing rates as of October 22, though lending rates remain high. SBV Governor Phạm Đức Ấn asked banks to cut lending rates by 1.5-2 percentage points a year for production, business and priority sectors, and deposit rates by at least 0.5 percentage points for terms of six months or longer. Banks that fail to comply could face lower credit growth targets, and the central bank will monitor average rates on new transactions in the final months of 2026. As of end-September, average individual lending rates ranged from 7.73 per cent at BIDV to 11.38 per cent at OCB. Expert Nguyễn Đức Độ said high funding costs remain a major obstacle and suggested transparent interest subsidies funded by the state budget.
- Savings Interest Rates Have Risen for 11 Consecutive Months
The average deposit interest rate has risen continuously since October 2025, reaching 8.1% for 6-12 month terms versus 5.5% a year earlier, before climbing more slowly under State Bank of Vietnam guidance. The average lending rate in September was 10.9%, nearly 2 percentage points higher than at the end of last year, while short-term rates for priority sectors remain capped at 4%. Many banks have announced deposit rate cuts of at least 0.5 percentage points, and the streak of increases is likely to end this month, with some analysts expecting rates to stay flat until year-end. The State Bank of Vietnam also asked banks to cut lending rates by 1.5-2 percentage points a year for production, business and priority sectors, and warned that non-compliant institutions could face reviews of their remaining credit quotas.
Related markets
Latest news
- Ukraine's Strike on Russia Angers Trump: Crisis Emerges, Threatening Vital US Aid?
Relations between President Donald Trump and President Volodymyr Zelensky have deteriorated, as Trump has grown frustrated with Kyiv's repeated strikes on Russia's diesel infrastructure while diesel prices have reached record highs. On September 13, Trump began publicly urging Ukraine to halt these strikes, but Kyiv refused, saying long-range drone attacks are its only viable response to Russia's five-year campaign. On October 9, Trump announced an agreement to buy diesel from Moscow and issued a temporary general license allowing Russian diesel to access global markets. On October 22, Trump said he had asked SpaceX CEO Elon Musk to restore Ukraine's access to Starlink, after an interruption had hampered Kyiv's military drone operations. Peace efforts have yet to produce concrete results, and negotiators from Ukraine, Russia and the US are expected to meet in Abu Dhabi in the first half of November.
- Securities firm fined for failing to record customers' phone order calls
On October 23, the State Securities Inspectorate fined OCBS Securities Joint Stock Company a total of VND342.5 million for two violations. The company was fined VND92.5 million for failing to retain full records, as it did not keep phone recordings of customers' order calls for 21 transactions made through some accounts in 2025. The other violation, which drew a VND250 million fine, involved advising on a private bond offering in August 2025 without fully meeting regulatory content requirements. In Q3 2026, OCBS's operating revenue reached VND259 billion, up 91% year-on-year, and pre-tax profit reached VND105 billion, up 13%. For the first nine months, pre-tax profit was VND201 billion, up 99%, and after-tax profit reached VND157 billion, up 69% from the same period in 2025.
- Mirae Asset Expert Warns of a Common Mistake Investors Make When Trying to 'Bottom-Fish' Stocks
Ms. Nguyen Thi Binh Minh, Director of the Business Center at Mirae Asset Vietnam Securities, says a common mistake is focusing on stocks that have fallen the most rather than assessing business quality and prospects. According to MoneyGain, as of 25 October 2026, 513 companies had reported third-quarter financials, with combined profit rising 16.4% year on year even as many share prices fell. The VN-Index's P/E was about 12.3 times on 23 October, or 10.3 times excluding Vingroup. The share of stocks trading above their 50-session moving average reached 44.33%, the highest since March 2026, but remained below 50%. Ms. Minh stresses risk management, saying a 20-25% portfolio cap per stock is only a reference limit.
- Good News for Vietnam's Stock Market
MBS says the 68-point rise in VN-Index last week confirmed a short-term bottom around 1,700-1,720 points, despite pressure from a global sell-off in AI stocks and Brent crude nearing USD 117 per barrel. The index gained about 4%, its strongest weekly rise since the start of the year, and ended a four-week losing streak. Under Official Dispatch 9736/NHNN-CSTT, commercial banks must cut deposit rates for terms of six months or more by at least 0.5% a year, and several major banks have launched preferential loan packages with rate reductions of about 1.5-2% a year. The group's reported after-tax profit for the third quarter rose 32.7% year on year, though gains varied widely across sectors. MBS says VN-Index may consolidate around 1,760-1,780 points.
- Vingroup Raises Hundreds of Billions of Won in South Korean Bonds at 8% Interest
On 24 October 2026, Vingroup (ticker VIC) announced the issuance of international bonds denominated in Korean won, raising an actual 230 billion won (about VND 4,500 billion). The three-year, secured, non-convertible bonds carry a fixed 8% annual coupon, with Vinhomes and/or Vinpearl shares held by Vingroup and/or third parties as collateral. The board had approved a maximum of 455 billion won on 11 August 2026, so the actual size equals about 50.5% of that cap. The article says the deal diversifies Vingroup's international funding sources and reaches new investors, though the outcome depends on issuance conditions. Further monitoring is needed on use of proceeds, repayment obligations, and currency risk management.
- Coca-Cola and Nestlé Revise Misleading '100% Recyclable' Plastic Bottle Labels in the EU
Coca-Cola, Nestlé and Danone have agreed to revise labels on plastic bottles sold in Europe, according to European Interest on 25 October. The claim "bottle made from 100% recycled plastic" will become "100% recyclable, excluding cap and label", and "recycle me again" will change to "recycle me". EU statistics show only 55% of PET bottles are recycled into various products, and just 30% are recycled into new bottles. Coca-Cola began implementing the commitment in 2025, while Nestlé and Danone are doing so this year, following a complaint by BEUC published in 2023 alleging greenwashing. National consumer protection authorities will monitor compliance and may enforce measures if companies fail to follow the commitments.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.