
Digital banking services in Vietnam make remarkable stride
More than 87% of Vietnam’s adult population now hold payment accounts at banks while many credit institutions are processing more than 95% of transactions through digital channels.
More than 87% of Vietnam’s adult population now hold payment accounts at banks while many credit institutions are processing more than 95% of transactions through digital channels.
The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.
Ho Chi Minh City’s office market has achieved rapid growth fuelled by steady demand and burgeoning supply, reinforcing the city’s status as a premier destination for both local and international corporations seeking strategic growth opportunities in Southeast Asia, according to real estate consulting firm Knight Frank.
The Bank of Thailand (BoT) is planning to improve mobile banking security measures by limiting certain groups of people, such as teenagers and the elderly, from transferring more than 50,000 THB (1,500 USD) per day.
The 15th National Assembly (NA) wrapped up its 8th session on November 30 afternoon after 29.5 days of working.
The agenda of the 4th working week of the 15th National Assembly (NA)’s 8th session from November 11-13 will focus on many important issues, with the highlight being a question-and-answer (Q&A) session taking place on November 1 and 12.
Artificial intelligence (AI) is the fundamental technology driving digital transformation activities in Vietnam.
The fertiliser, retail, livestock, banking and logistics sectors are expected to witness significant profit growth in the third quarter (Q3), ranging from 22% to an impressive 1,620%, a recent report has revealed.
Expanding investments to drive economic growth is a priority in achieving the target of 15% set for this year, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
After a slump, bank credit in Ho Chi Minh City has picked up again and is expected to keep rising for the rest of the year since demand for funds is usually high at year-end, the State Bank of Vietnam has said.
The banking industry is taking solutions to promote credit growth, increase access of people and businesses to credit, and promptly meet the capital demand of the economy, said Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.
The State Bank of Vietnam (SBV) has proposed using credit scoring to better manage the banking sector and promote the development of finance and fintech companies.