Hackers Infiltrate Many Banks for Months Without Being Detected

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• Digital payments are not just about fast transfers but must also be well managed

  Digital payments are evolving from fast money transfers into a key link in the digital economy, requiring data connectivity, transparent cash flows and stronger governance. At a conference held on October 14 as part of Vietnam Digital Payment Day 2026, leaders from the State Bank of Vietnam (SBV), banks and technology firms stressed the need to complete institutional frameworks, ensure security and user rights, and counter fraud and high-tech crime. NAPAS said VietQRPay has 45 banks and intermediary payment organisations participating, while VietQRGlobal has connected six countries. MISA's representative argued that digital payments only deliver value when linked to daily reconciliation and the management of receivables and cash flow.

  CafeF·14/10, 23:40digital paymentsState Bank of VietnamVietnam
• State Bank of Vietnam Deputy Governor Pham Tien Dung: No one can succeed standing alone

  At a seminar on the morning of October 14 in Hanoi, organized by Tien Phong newspaper and NAPAS, Deputy Governor Pham Tien Dung stressed that digital transformation matters only when it improves people's real-life experience. He recalled how his family in 2019 had to go through a discharge payment process at Bach Mai Hospital that took about 1.5 hours and left patients exhausted, whereas the Bach Mai Care app now integrates appointment booking, advance payments and drug purchases on one platform authenticated via VNeID. He argued that digital payments underpin healthcare, tax, transport and tourism services, calling for fewer unnecessary steps, a complete legal framework and stronger customer protection. He also warned that fast-evolving AI and technology are bringing increasingly sophisticated cybercrime.

  CafeF·14/10, 11:51State Bank of VietnamVietnamdigital payments
• Many Banks Had Hackers Inside Their Systems for Months Without Knowing

  Deputy Governor Phạm Tiến Dũng told a Smart Banking seminar on October 22 that hackers had infiltrated some bank systems for months without the security teams detecting them, until hundreds of abnormal transactions worth tens of billions of dong surfaced in the middle of the night. Banking systems process about 100 million payment transactions a day, worth 1.2 million billion VND. He urged banks to invest seriously in security monitoring and build resilience, from early detection and rapid response to restoring services after incidents, and noted that the State Bank has required separate transaction monitoring teams. General Director Nguyễn Hưng of TPBank said 99.5% of its transactions are digital, while warning that AI could also be exploited by attackers.

  VnExpress·22/10, 08:55• ACB• BID• CTG• HDBbankscybersecurityState Bank of Vietnam
• Deputy Governor: 'Banks Must Closely Monitor the Safety of Their Systems'

  At the Smart Banking seminar on October 22, Deputy Governor Phạm Tiến Dũng said the banking system processes about 100 million payment transactions a day, worth 1.2 million billion VND. He pointed to cyberattacks that stayed inside bank systems for months undetected, until hundreds of abnormal transactions worth tens of billions of VND appeared overnight. He urged banks to invest seriously in security monitoring, covering early detection, rapid response and service recovery, rather than focusing only on defense, and the State Bank now requires separate transaction-monitoring units. At TPBank, General Director Nguyễn Hưng said 99.5% of transactions are digital, while noting that AI can also be exploited by attackers.

  VnExpress·22/10, 08:55• VNINDEXbankscybersecurityState Bank of Vietnam
• Many banks lend at average above 11% ahead of rate cut

  According to VnExpress's tally of 30 banks, average lending rates kept rising in September, with OCB highest at 11.38% a year, followed by Techcombank (11.24%), TPBank (11.03%) and BVBank (11%). Other private banks mostly quoted 10.2-10.8%, VIB, ACB, PVcomBank and several others were around 9-9.8%, while BIDV and Agribank were at 7.73% and 8.42%. On October 18, the State Bank of Vietnam asked banks to cut lending rates by 1.5-2 percentage points for production, business and priority sectors, and to lower deposit rates for terms of 6 months or longer by at least 0.5 points. Banks that do not comply may face measures, including reduced or lowered credit growth targets. The August average lending rate was 10.7%, 1.7 points above late last year.

  VnExpress·21/10, 23:00▲ VNINDEXinterest ratesbanksState Bank of Vietnam
• Lending rates cut by up to 3 %, to lower borrowing costs for businesses and priority sectors

  Nearly 20 Vietnamese banks have cut deposit rates, generally by 0.5 percentage points per year, while 14 lenders have announced lending rate cuts of mostly 1.5–2 percentage points, and up to 3 points in some cases. The moves follow requests from the Government and the State Bank of Vietnam to lower borrowing costs for businesses and priority sectors. VPBank cut lending rates by 1.5 points for individuals in six key sectors and allocated VNĐ10 trillion (US$380 million) to SME working capital loans, while Vietcombank offers cuts of up to 3 points on certain short-term loans. At an October 19 meeting with 46 commercial banks, SBV Governor Phạm Đức Ấn urged lower rates while safeguarding financial stability, noting that the loan-deposit gap had narrowed from nearly VNĐ2 quadrillion to under VNĐ1.5 quadrillion.

  vietnamnews.vn·21/10, 05:15▲ VNINDEXinterest ratesState Bank of Vietnambanks

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• Bank Profits Surge

  The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.

  CafeF·23/10, 03:57▲ VNINDEXbanksearningscredit
• World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide

  SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.

  CafeF·23/10, 03:57▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDTgoldinflationFed
• Gold Prices Continue to Fall

  On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).

  CafeF·23/10, 03:48▼ PAXG/USDT▼ XAUT/USDT▼ XAU/USDgoldexchange ratesState Bank of Vietnam
• Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News

  VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.

  CafeF·23/10, 03:41▲ VHM▲ VICreal estateearningsVietnam
• Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'

  A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.

  CafeF·23/10, 03:34▲ PDRreal estatehousingbanks
• International Business : Global stocks nosedive as Meta dents AI optimism

  Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.

  gdnonline.com·23/10, 03:30▼ META▼ QQQ▼ SPY▼ NVDAtech stocksoil pricesbonds