Huge challenges awaiting digital banking Business

Huge challenges awaiting digital banking

Rising number of Internet users and mobile phone subscribers is smoothing the way for digital banking in Vietnam to thrive, but huge challenges keep lying ahead, according to insiders.
TPBank, UnionPay launch payment service Business

TPBank, UnionPay launch payment service

The Tien Phong Commercial Joint Stock Bank (TPBank) and UnionPay International (UPI) signed a cooperation agreement on inter-bank payment in Vietnam, at a ceremony in Hanoi on July 15.
Cashless payment remains low in Vietnam: CIEM Business

Cashless payment remains low in Vietnam: CIEM

The ratio of cashless payments in Vietnam remains low, standing at only 11.49 percent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).
Cybercrime targets finance sector Business

Cybercrime targets finance sector

Vietnam’s cyber security is being compromised, posing new challenges in ensuring information safety, especially in the finance-banking sector, State agencies and organisations, experts warned at a recent conference.
Vietnam looks to develop cashless payment Business

Vietnam looks to develop cashless payment

The State Bank of Vietnam (SBV) is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
Vietnamese banks handle 898.4 billion USD through e-payments Business

Vietnamese banks handle 898.4 billion USD through e-payments

Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion VND (898.4 billion USD) in the first quarter of the year, up 23 percent and 17.8 percent respectively compared to 2018, according to the State Bank of Vietnam (SBV).
 Vietnam still slow to offer public services online: CIEM Business

Vietnam still slow to offer public services online: CIEM

The number of Vietnamese public administrative services that have been made available online is still low, even after five years of implementing Resolution No.19 on the improvement of the business climate, said Director of the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung.