Vietnam banking system: Accompanying and sharing difficulties with customers, ensuring benefits for investors, implementing strong digital transformation

Abstract

From the perspective of sharing difficulties with customers through a series of policy mechanisms, allowing restructuring of debt repayment terms, exemption or reduction of interest and fees, and keeping the debt group intact to the ensuring the rights of investors of bank stocks listed on Vietnamese stock exchanges (HOSE, HNX, Upcom)… all show the silent sacrifice of contributions of the entire Vietnam banking system for their customers since the outbreak of COVID-19 pandemic in 2019, until the sweeping of super typhoon Yagi across the northern provinces and cities in 2024. That silent sacrifice will be analyzed from the perspective of timely promulgation of policy mechanisms to the profit sharing of banks to support customers, helping them minimize costs, gaining confidence in the process of restoring and developing production and business activities... Although it’s difficult to accurately convert into money, we can see the very important role and timely, right, effective monetary policy decisions of the State Bank of Vietnam (SBV) in the macroeconomic stability of our country over the past 5 years.