Greater efforts needed to tackle bad debts: Experts Business

Greater efforts needed to tackle bad debts: Experts

The Government has directed the State Bank of Vietnam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV Deputy Governor Nguyen Kim Anh has said.
Second Fintech Challenge Vietnam launched Sci-Tech

Second Fintech Challenge Vietnam launched

Technology solutions in the fields of big data, artificial intelligence, financial outreach and cyber security are the focus of the second Fintech Challenge Vietnam (FCV), which was launched in Hanoi on August 13.
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.
Central bank warns of P2P lending Business

Central bank warns of P2P lending

The State Bank of Vietnam (SBV) has warned local people and firms to consider carefully and be cautious before taking part in peer-to-peer (P2P) lending as there are many potential risks related to the service.
Agribank, Cuba seek credit cooperation Business

Agribank, Cuba seek credit cooperation

Vice President of the Cuban Council of State Salvador Valdes Mesa on June 21 had a working session with the Vietnam Bank for Agriculture and Rural Development (Agribank) to learn about the agricultura