Mobile pay threatens banks: experts Business

Mobile pay threatens banks: experts

Foreign tech giants are set to jump into the mobile payments market on both the paying and receiving sides of the transaction, thus posing a threat to local commercial banks payment market share.
Small borrowers fear interest rate hike Business

Small borrowers fear interest rate hike

Individuals as well as small and medium-sized enterprise are apprehensive loan interest rates could rise since banks have kept hiking deposit interest rate since the end of last year.
Vietnam a top remittance recipient Business

Vietnam a top remittance recipient

Vietnam this year would remain among the top 15 recipients with remittances of roughly 12.5 billion USD from Vietnamese living overseas, a World Bank (WB) report says.
Vietnamese banks urged to use latest IT Business

Vietnamese banks urged to use latest IT

Domestic commercial banks need to give top investment priority to information technology if they want to develop better retail banking strategies, according to independent market watchdogs.
Expected reform in anticipation of TPP deal Business

Expected reform in anticipation of TPP deal

Economists have called for improving the business climate, fine-tuning market economy regulations and increasing dialogues with businesses in anticipation of the TPP reached on October 5.
SMEs still find it hard to access loans Business

SMEs still find it hard to access loans

Small- and medium-sized enterprises still face difficulties in trying to access loans and do not have too many options with regard to channels for mobilisation of capital.
 State Bank draft overhauls lending Business

State Bank draft overhauls lending

The State Bank of Vietnam has released a draft circular regulating consumer credit activities of financial companies to better manage lending as well as benefit domestic consumers.