Fintech needs improved legal framework: experts Business

Fintech needs improved legal framework: experts

To develop financial technology, a comprehensive legal framework and cooperation between banks and fintech businesses are required, experts told a conference organised by the State Bank of Vietnam (SBV) and Asian Development Bank (ADB) in Ho Chi Minh City on September 10.
QR codes fail to meet expectations Business

QR codes fail to meet expectations

Since early 2018, Hanoi’s consumers have been able to scan quick response (QR) codes to trace the origins of agricultural products sold at supermarkets and convenience store, however, the impact of this change has been limited because producers find the system difficult to apply and consumers do not fully trust the codes' authenticity.
Blockchain expected to boom  Videos

Blockchain expected to boom

With its decentralised, transparent and high-security features, blockchain is a revolutionary technology expected to drive change in the future and be used in many areas.
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.
Lack of cooperation prevents spread of non-cash payments Business

Lack of cooperation prevents spread of non-cash payments

A lack of cooperation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Vietnam, Nguyen Dinh Thang, Chairman of LienVietPostBank’s Board of Directors, said at the Banking Vietnam 2019 event in Hanoi on May 30.
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.
mPOS mobile card payment leads payment channels in 2018 Business

mPOS mobile card payment leads payment channels in 2018

2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 percent year-on-year increase, according to the Vietnam Bank Card Association (VNBA).
Lao banks join hands to boost payment system World

Lao banks join hands to boost payment system

Seven major banks in Laos signed a memorandum of understanding on April 22 to establish the Lao National Payment Network (LAPNet) company for a faster, reliable and more convenient payment system.
ASEAN aims at deepening economic integration ASEAN

ASEAN aims at deepening economic integration

Customs cooperation and healthy financial infrastructure remain the top challenges for ASEAN in its efforts to strengthen economic integration and redistribute economic wealth, reported The Nation – an English-language daily newspaper based in Bangkok, Thailand – on April 8.