During the COVID-19 pandemic, some local banks, insurers and firms have worked together to help further protect the community with different anti-coronavirus packages.
Vietnamese credit institutions and and foreign banks’ branches have been ordered to disinfect cash and may store sterilized cash for a certain period of time before returning to the market.
With the COVID-19 epidemic showing no sign of slowing down, and continuing to inflict hardship on businesses, global central banks and local commercial lenders have joined the race to help lift economies up from a downward spiral.
Banks in Vietnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.
On August 8th 2018, the Government of Vietnam issued Decision No.986/QD-TTg on the Development Strategy of Vietnam Banking Sector to 2025, with Orientations to 2030.