Sacombank reduced approximately 2,600 employees in the first three months of the year, marking its largest organizational streamlining in recent years.
A wave of capital increases is sweeping through the banking sector this year, with many banks planning to raise their charter capital to approximately or exceed 100 trillion VND to bolster financial buffers.
LPBank recorded a pre-tax profit of 2,826 billion VND in Q1/2026, maintaining credit growth, expanding non-interest income, and increasing provisions to strengthen asset quality.
Following Sacombank, MSB also announced it would seize hundreds of collateral assets to recover Bamboo Airways' debt, effective 10/5, due to the airline's breach of payment obligations.
VPBank signed a strategic partnership with Western Union on 15/4 to launch super-fast remittance receipt services into e-wallets and bank accounts in Vietnam.
In a context of increasing capital demand and significant credit proportion, diversifying capital structure is essential for long-term growth, according to the ACB chairman.
LPBank offers payroll solutions, cash flow management, collection and payment services, and capital financing, empowering businesses to operate efficiently and expand their financial capabilities.
LPBank launches a networking program in Can Tho, fostering dialogue, advising on capital solutions, signing cooperation agreements, and strengthening ties among businesses, government, and training institutions.
Bank debt collectors are now prohibited from spray painting, defaming, or making calls at inappropriate times, according to a new code of conduct issued by the Vietnam Banks' Association (VNBA) to end offensive debt recovery practices.
A seafood enterprise's inability to repay a 5,800 tael gold loan, taken out in 2009 when gold was 17 million dong per tael, has led Sacombank to struggle for years to recover the debt.
Ms. Bui Thi Thanh Huong, chairperson of NCB, stated that the bank targets completing its restructuring by 2027, three years ahead of the plan approved by the State Bank of Vietnam.
