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Three banks in Vietnam have recently reduced their deposit interest rates. BVBank lowered rates by 0.1% for terms of 6 to 12 months, with a maximum of 5.55% for a 12-month term. LPBank also cut rates by 0.1%, offering 5% for 12 months and 5.3% for longer terms, while VPBank's rates decreased by 0.1% across all deposit conditions, with a peak of 5.4% for 24 and 36 months. Approximately 27 banks have followed suit in adjusting rates downwards.
Cake by VPBank has been awarded "Best Digital Bank in Vietnam" and is the only Vietnamese digital bank in The Asian Banker Insight's Top 100 Best Global Digital Banks 2025. With over 5 million customers and significant growth in deposits and loans, Cake aims to enhance financial inclusion through advanced technology and AI-driven services.
VPBank has launched the "Super Profit" tool, allowing customers to earn up to 3.5% annual profit on idle cash while maintaining liquidity. This innovative solution automatically generates daily profits without long-term commitments, addressing the needs of individuals like online store owner Thuy Hanh and IT specialist Minh Hoang, who seek flexible financial management. Customers can easily register through the VPBank NEO app, ensuring their funds work effectively for them.
MB, HDBank, and VPBank will raise their foreign ownership limit to 49% following Decree No.69/2025/ND-CP, effective May 19, allowing them to attract foreign investment and enhance financial capacity. This change supports the restructuring of weak banks transferred to these institutions. Meanwhile, VIB is considering increasing its foreign ownership limit to 30%.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has launched the "Super Profit" tool, offering customers a competitive fixed return of 3.5% per year on idle funds. This automatic profit solution allows daily earnings while ensuring liquidity and easy access to funds, with full transparency through the VPBank NEO application. Customers can manage their accounts flexibly, with the ability to terminate or adjust settings at any time, all while enjoying secure and risk-free capital management.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has launched the "Super Profit" tool, offering customers a fixed return of 3.5% per year on idle funds. This automatic profit generation feature allows daily earnings with full transparency and flexibility, enabling easy withdrawals and management through the VPBank NEO app. Customers can register in just a minute, ensuring their money remains secure and accessible while generating profits effortlessly.
Southeast Asia's payments landscape is rapidly evolving, with non-digital payment methods declining to just 13% of ecommerce transactions in 2023, projected to drop to 6% by 2028. The region's ecommerce market, valued at $137 billion, is expected to grow to $325 billion, driven by cross-border commerce and new payment methods like digital wallets and buy now, pay later options. However, merchants face challenges in navigating cross-border payments, including integration, fraud prevention, and transaction fees, necessitating the use of payment service providers for effective solutions.
VinFast has partnered with Bank Negara Indonesia (BNI) to boost electric vehicle adoption in Indonesia. The memorandum of understanding, signed during the Vietnam-Indonesia High-Level Business Dialogue, includes financial solutions from BNI and special pricing for BNI employees from VinFast. Both organizations will also launch public awareness campaigns to promote EVs as VinFast expands its presence in the Indonesian market.
VPBank has launched a home loan package for young people aged 18 to 35, offering interest rates starting at 5.2% per year. This initiative aims to help young customers afford homes amid rising property prices, allowing them to borrow up to 80% of a home's value with flexible repayment options and minimal fees. The bank reported a 14% increase in home loans disbursed in 2024, focusing on major cities like Hanoi and Ho Chi Minh City.
The U.S. risks sneaker shortages if tariffs are extended to Vietnam, where a significant portion of athletic footwear is produced. With over half of U.S. sneaker imports coming from China and Vietnam, rising costs could lead to higher prices for consumers, as companies may face a 1% margin loss. The situation is compounded by limited domestic production and low stock levels from major brands.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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