Vietnam attends ASEAN Banking Conference in Cambodia ASEAN

Vietnam attends ASEAN Banking Conference in Cambodia

A Vietnamese delegation, led by Nguyen Toan Thang, General Secretary of the Vietnam Banking Association, is attending the 22nd ASEAN Banking Conference that kicked off in the Cambodian capital city of Phnom Penh on November 25.
Banks urged to ready for new rules Business

Banks urged to ready for new rules

Despite a draft roadmap to apply International Financial Reporting Standards 9 (IFRS 9) compulsorily in Vietnam from 2025, domestic banks should start preparations now as the complex norms have proved a major challenge for global financial institutions, experts have said.
State Bank vows to flexibly direct monetary policy Business

State Bank vows to flexibly direct monetary policy

Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has affirmed that the SBV will direct monetary policy in a proactive, flexible, and cautious manner, and in harmony with fiscal and other macro-economic policies to curb inflation, maintain macro-economic stability, and fuel economic growth.
ZaloPay targets 1,000 points of sale Business

ZaloPay targets 1,000 points of sale

ZaloPay e-wallet, developed by VNG Corportion, aims to open about 1,000 new points of sale in 2018, according to Phan Thanh Thao, business development director of Zalo Pay.
Arbitration could solve disputes fast Business

Arbitration could solve disputes fast

Businesses and banks in Vietnam still resolve disputes through the courts, even though arbitration and mediation remain the most popular methods throughout the world in dealing with banking disputes.
Business

Big banks urged to get involved with M&As

Mergers and acquisitions (M&A) within the Vietnamese banking industry have contributed to the sector's restructuring in recent years, but experts are suggesting that big banks get involved in the process.
Business

Banks catch up with new technologies, services

As many as 500 local bank executives and IT senior experts gathered in Hanoi on May 15 at a seminar to get updated with the latest technologies that can enable them to compete strongly in the current fierce, fluctuating business environment.
Business

Bank card payments gain popularity

Total non-cash payments in Vietnam reached 32 billion USD by late 2011, showing that consumers are increasingly using bank cards for their transaction, according to the Bank Card Association.