Vietnam boosts card-based payments Business

Vietnam boosts card-based payments

Non-cash payments are becoming more widespread in Vietnam, the Vietnam Economic News reported, adding that the trend can be seen through the growing number of card users, automated teller machines (ATMs) and points of sale (POS).

Vietnamese banks race to open branches overseas

Many Vietnamese banks have been racing to open branches in other countries to increase their competitiveness and facilitate Vietnamese companies’ overseas investments, according to an article published on the English language news portal DtiNews on August 19.

Sacombank supports Vietnamese, Cambodian trade

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) announced on July 15 that it has put together a credit package to support Vietnamese exporters to Cambodia and Cambodian businesses that import Vietnamese goods.

Vietnamese banks target foreign markets

The State Bank of Vietnam has allowed the Bank for Investment and Development of Vietnam (BIDV) to open a representative office in Phnom Penh, Cambodia, for four years.