Huge challenges awaiting digital banking Business

Huge challenges awaiting digital banking

Rising number of Internet users and mobile phone subscribers is smoothing the way for digital banking in Vietnam to thrive, but huge challenges keep lying ahead, according to insiders.
Hanoi learns from Singaporean partners’ experience Politics

Hanoi learns from Singaporean partners’ experience

Chairman of the Hanoi People’s Committee Nguyen Duc Chung led a delegation to visit Singapore from September 21-23, aiming to learn from partners’ experience in organizing the Formula One Vietnam Grand Prix in 2020 (F1 Grand Prix) and promote investment cooperation with the country.
Da Nang city to boost cashless transactions Business

Da Nang city to boost cashless transactions

The city of Da Nang, the central region’s major economic driver, is making headway in raising awareness on the benefits of cashless transactions as well as in building financial and technical infrastructure for the future development of a cashless society.
Techcombank honoured Best Payments Bank in Vietnam Business

Techcombank honoured Best Payments Bank in Vietnam

The Vietnam Technological and Commercial JSC (Techcombank) has been named the Best Payments Bank in Vietnam in 2019 by the Asian Banker thanks to its use of high technology in providing payment solutions to customers.
Government needs to boost macro-economic stability Business

Government needs to boost macro-economic stability

The Government should enhance macro-economy stability to strengthen the national economy when risks are yet to appear, said members of the National Financial and Monetary Policy Advisory Council at a meeting on July 2.
Cashless payment remains low in Vietnam: CIEM Business

Cashless payment remains low in Vietnam: CIEM

The ratio of cashless payments in Vietnam remains low, standing at only 11.49 percent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).
Deputy PM updates RoK investors on Vietnam’s policies Business

Deputy PM updates RoK investors on Vietnam’s policies

Deputy Prime Minister Vuong Dinh Hue unveiled advantages in investing in Vietnam during a meeting in Seoul, the Republic of Korea (RoK) with local securities investors at the headquarters of the Korea Financial Investment Association (KOFIA) on June 20.
Workshop talks promoting cashless payment Business

Workshop talks promoting cashless payment

Policies and reality in building a cashless society in Vietnam was the theme of a workshop held in Ho Chi Minh City on June 11 by the State Bank of Vietnam (SBV) in coordination with the Ministry of Information and Communication and Tuoi Tre (Youth) newspaper.
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.