PM urges banking sector to make more innovations Business

PM urges banking sector to make more innovations

Prime Minister Pham Minh Chinh expressed his hope that the baking sector will be more proactive, creative and responsive to policies in 2023 at a meeting on January 27 or the sixth day of the Lunar New Year.
Finance-banking sector fulfills 2022 goals: minister Business

Finance-banking sector fulfills 2022 goals: minister

Minister of Finance Ho Duc Phoc has said the finance-banking sector accomplished its set goals for 2022, with State budget collection surpassing the estimate by nearly 20% amid unfavourable changes in the country and the world.
VinaCapital remains positive about banking sector’s long-term outlook Business

VinaCapital remains positive about banking sector’s long-term outlook

Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.
Banks race to implement digital transformation ecosystem Business

Banks race to implement digital transformation ecosystem

The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement (UKEVFTA) takes effect, according to banking insiders.
Businesses awarded for top reputations Business

Businesses awarded for top reputations

Lists of top public companies and those in the banking, insurance, and technology sectors in 2022 was released by the Vietnam Report JSC and VietNamNet newspaper on August 3.
Credit supply sees two-fold rise Business

Credit supply sees two-fold rise

Total credit supply in 2022 reached over 11 quadrillion VND (474.3 billion USD) as of May 20, up 7.66 percent compared to that at the end of 2021 and doubling the figure recorded in the same time last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
COVID-19 spurs digital transformation in Vietnam banks Business

COVID-19 spurs digital transformation in Vietnam banks

The banking sector needs to have countermeasures to flexibly adapt to the COVID-19 pandemic. This will help to reduce costs, promote innovation, digital transformation and cashless payment, towards assisting the retail banking sector to providing breakthrough services in the new normal.