Tag: upper-middle-income countries

The government has recently introduced a new decree, 94/2025/ND-CP, which outlines a controlled experimentation framework for the banking sector, coming into force on July 1st, 2025. Peer-to-peer lending, or P2P lending, is one of the key areas that will undergo this innovative regulatory sandbox approach.

"Hanoi, May 22, 2025 - Vietnam Asia Commercial Joint Stock Bank (VietABank) and E.SUN Commercial Bank (E.SUN Bank) have formalized their strategic partnership and capital funding collaboration with a signing ceremony. This significant milestone underscores the strengthening relationship between these two prominent financial institutions."

As of 8:30 a.m. on May 21st, Vietcombank and BIDV posted a USD exchange rate of 23.780-23,140 VND/USD (buy-sell), a rise of 20 VND from yesterday's rates across the board.