Many practical financial policies take root in daily life

The State’s key financial policies are being synchronously implemented in Dong Nai, including the reports of large-value money transfers and the reduction of interest rates for social housing loans. These policies not only enhance transparency in the cash flows and minimize risks for banks, but also directly support residents and enterprises, contributing to improving living standards and promoting local socio-economic development.

Consensus from banks, enterprises, and residents has helped Dong Nai establish a safe and transparent financial environment, fostering sustainable socio-economic growth and strengthening public confidence in the banking system.

Enhancing transparency and reducing risks

Amid Dong Nai’s strong economic growth, particularly in industry and import–export activities, demand for large-scale financial transactions has increased significantly. The implementation of financial regulations helps strengthen security and ensure greater safety in transactions for both citizens and businesses. The most recent example is the implementation of Circular No. 27/2025/TT-NHNN, issued by the State Bank of Vietnam, which provides detailed guidance on several provisions of the 2022 Law on Anti-Money Laundering, effective as from November 1, 2025.

The Loc Ninh Transaction Office of the Vietnam Bank for Social Policies (VBSP) disburses loans to customers. Photo: Courtesy of VBSP

One of the key highlights of Circular No. 27 is the requirement for credit institutions and payment intermediaries to collect information and electronically report to the Anti-Money Laundering Department any domestic electronic transfers of VND 500 million or more, and foreign transactions of USD 1,000 or more.

According to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Region 2, large transactions, if left uncontrolled, may pose potential risks and impact the entire financial system. The regulation helps ensure transparency of capital flows, reducing risks of money laundering and fraud, and creating a safer financial environment for citizens and enterprises.

“Dong Nai is a province with a highly dynamic economy, home to many industrial parks and import–export enterprises, resulting in large and complex transactions. Therefore, the reporting requirement is both necessary and aligned with local realities,” he noted.

Commercial banks initially faced challenges in implementing the regulations which, however, have now fully put into practice.

“Initially, we had difficulties collecting customer information. But after customers were clearly informed about the State’s anti-money-laundering regulations, most of them have cooperated positively with us,” said Do Thi Thanh Thuy, Deputy Director of the Vietcombank, branch in Dong Nai province.

Some small businesses and individuals were initially hesitant, fearing that providing transaction details might affect their privacy. Nevertheless, through direct guidance and communication sessions, most customers now understand that the reporting requirement is designed to protect them and ensure safer, more transparent transactions.

Pham Thi Lan, an accountant at a motorbike trading company in Tam Hiep Ward, Dong Nai Province, said: “Reporting transactions above VND 500 million is reasonable. It protects account holders. Once I understood the purpose, I fully agreed to provide the required information.” Additionally, many enterprises also view this regulation positively, noting that it ensures smooth capital flows, mitigates legal risks, and enhances credibility in dealings with partners.

As of late October 2025, the branch had more than 1,200 customers benefiting from the new preferential interest rate, with total outstanding loans exceeding VND 530 billion.

Vo Trong Hoa, the Deputy Director of the Dong Nai-based VBSP

Social housing loan interest rates drop by 1.2% per year

Alongside efforts to strengthen financial transparency, the Dong Nai-based VBSP has reduced its social housing lending interest rates, from 6.6% to 5.4% per year. The reduction is carried out under Government Decree No. 261/2025/ND-CP (dated October 10, 2025), amending Decree No. 100/2024/ND-CP (dated July 26, 2024), which provides detailed regulations for the Law on Housing concerning the development and management of social housing, along with directives issued by the VBSP. This is considered good news for those in need of housing.

Pham Thi Tam, a resident of Long Binh Ward, Dong Nai Province, who is currently repaying a loan to purchase social housing, shared: “Previously, my husband and I had to repay nearly VND 5 million per month, including both principal and interest. With the lower rate, now our monthly payment is lighter, reducing financial pressure and allowing us to set aside more income for our children and daily expenses.”

According to Vo Trong Hoa, Deputy Director of the Dong Nai-based VBSP, the bank has worked closely with ward and commune People’s Committees, industrial zones, and mass organisations to organise numerous guidance sessions for residents, explaining benefits and loan procedures to ensure quick and effective access to the policy. As a result, many social housing developers have also benefited from that, as workers can access their projects more quickly, enhancing feasibility and economic efficiency.

The consensus of banking institutions, enterprises, and the public demonstrates that financial policies are no longer mere administrative regulations but are truly taking root in daily life, contributing to improving living standards, social welfare, and sustainable economic growth.

“When financial policies are implemented cohesively and effectively, public and business confidence in the banking system strengthens, laying a solid foundation for sustainable economic development in Dong Nai,” shared Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Region 2.

By Kim Lieu – Translated by My Le, Thu Ha