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Stock Price Movement of Banks on August 14, 2025
Source: VietstockFinance
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The stock prices of four banks surged following the news that Vietcombank, MB, VPBank, and HDBank will benefit from a 50% reduction in the mandatory reserve requirement due to their involvement in the compulsory transfer of a specially controlled commercial bank.
This information is considered a significant boost for the banks as it will release tens of thousands of billion VND of “locked-up” capital, creating room for lending and improving profits in the coming period.
This policy is stipulated in Circular No. 23/2025/TT-NHNN issued by the State Bank of Vietnam (SBV) on August 12, 2025, amending and supplementing a number of articles of Circular No. 30/2019/TT-NHNN on the implementation of mandatory reserves. The Circular consists of 12 articles and takes effect from October 1, 2025.
According to Article 7 of Circular 23/2025, two groups of credit institutions (CIs) eligible for a 50% reduction in the mandatory reserve requirement include:
- CIs providing support in accordance with Clause 39, Article 4 of the Law on Credit Institutions No. 32/2024/QH15, with the reduction applied according to the approved plan for the recovery of specially controlled CIs.
- CIs receiving the compulsory transfer of a specially controlled commercial bank, with the reduction applied according to the approved transfer plan.
The reduction applies to all types of deposits subject to mandatory reserves.
In addition, Circular 23/2025 also supplements provisions on cases where mandatory reserves are not required. In addition to specially controlled CIs, CIs that have not yet commenced operations, CIs that have been approved for dissolution or bankruptcy proceedings, or had their licenses revoked, “Policy Banks” are also exempt from mandatory reserves.
– 15:29 14/08/2025
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