TPBank, Backbase cooperate to accelerate digital transformation Business

TPBank, Backbase cooperate to accelerate digital transformation

Tien Phong Commercial Joint Stock Bank (TPBank) of Vietnam is working with Backbase, a digital banking software provider based in the Netherlands, to put forth the Vietnamese bank’s digital transformation process on a secure, efficient and sustainable digital platform.
Banks’ profit forecast to drop significantly in H2 Business

Banks’ profit forecast to drop significantly in H2

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 percent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
Stock market celebrates 20th birthday Business

Stock market celebrates 20th birthday

A ceremony was held in HCM City on July 20 in the presence of Prime Minister Nguyen Xuan Phuc to mark the 20th anniversary of Vietnam’s stock market and the Ho Chi Minh Stock Exchange (HoSE).
P2P firms waiting for a sandbox Business

P2P firms waiting for a sandbox

Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.