Da Nang city to boost cashless transactions Business

Da Nang city to boost cashless transactions

The city of Da Nang, the central region’s major economic driver, is making headway in raising awareness on the benefits of cashless transactions as well as in building financial and technical infrastructure for the future development of a cashless society.
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.
SBV Governor: non-cash payment booming Business

SBV Governor: non-cash payment booming

The number of transactions using new modes of payment has seen strong surges this year, Governor of the State Bank of Vietnam Le Minh Hung reported to the National Assembly during the Question-and-Answer session on November 1.
Banks battle Tet ATM overload Business

Banks battle Tet ATM overload

As demand for cash withdrawals at ATMs doubles or triples around the Lunar New Year (Tet) holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes instead of withdrawing cash at ATMs.
HCM City tops State budget revenue target Business

HCM City tops State budget revenue target

Total State budget revenue in HCM City reached 347.98 trillion VND (15.32 billion USD) in 2017, slightly more than the year’s target, and up 13.5 percent compared to 2016, according to the city’s State Treasury.
Banks to set up cash transporters Business

Banks to set up cash transporters

The State Bank of Vietnam will allow domestic commercial banks to start companies responsible for transporting cash to branches and transaction offices in order to reduce related expenses.
Business

SBV paves way for more use of plastic money

The State Bank of Vietnam (SBV) will this year complete all related legal frameworks for the use of plastic money – credit and debit cards, as well as other forms of electronic payment.
Business

VN banks urged to go hi-tech

Vietnam's banking sector will have to develop more useful and modern services to meet future challenges, and the application of information technology and security systems will play a more important role in the future, experts said at a conference on Dec. 9.
Business

Confab urges electronic payments

Experts discussed ways to encourage Vietnam to adopt the new POS (Point of Sale) plastic money system of paying for their shopping at a conference to introduce Vietnam Banking 2010.
Business

Local banks push link to ATM network

Local bank-card companies are promoting the connection of their automatic teller machines (ATM) and point of sale (POS) systems nationwide to create convenience for customers and contribute to the development of non-cash payment tools in Vietnam.