Many Banks Had Hackers Inside Their Systems for Months Without Knowing

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• Hackers Infiltrate Many Banks for Months Without Being Detected

  At the Smart Banking seminar on October 22, Deputy Governor Phạm Tiến Dũng warned that hackers had remained in banking systems for months without detection by security teams, until hundreds of unusual transactions worth tens of billions of dong appeared in the middle of the night. Banking systems process about 100 million payment transactions worth 1.2 million billion dong each day, so cybersecurity risk is now directly tied to business operations, reputation and stability. He urged banks to invest seriously in security monitoring systems, improving early detection, rapid response and service recovery, and the State Bank has also required separate transaction monitoring units. At TPBank, General Director Nguyễn Hưng said 99.5% of transactions are conducted through digital channels, while AI could also be exploited by bad actors to make attacks more sophisticated.

  VnExpress·22/10, 08:55▼ ACB▼ BID▼ CTG▼ HDBcybersecuritybanksState 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
• 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
• VDSC: New State Bank of Vietnam directive may push some banks over credit growth limits

  According to VDSC, State Bank of Vietnam Official Dispatch 9608 asks banks to cut listed deposit rates by at least 0.5 percentage points a year for terms of 6 months or longer, and to cut lending rates by 1.5–2 percentage points a year for production and business sectors. Non-compliant banks could face adjusted credit growth targets for the rest of 2026, lower quotas in 2027, or stricter safety ratios. VDSC estimates SHB, TPBank and Techcombank already exceed their 2026 credit growth limits after counting outright L/C purchases. Although at least 19 banks cut deposit rates on October 19–20, VDSC expects lending cuts to exert short-term pressure on net interest margins (NIM), with the impact varying across banks.

  CafeF·22/10, 04:31▼ VNINDEXState Bank of Vietnaminterest ratescredit
• 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

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  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▲ VNINDEX
• World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide

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  CafeF·23/10, 03:57▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDT
• 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/USD
• Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News

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  CafeF·23/10, 03:41▲ VHM▲ VIC
• 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▲ PDR
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  gdnonline.com·23/10, 03:30▼ META▼ QQQ▼ SPY▼ NVDA