VIB's pre-tax profit surges 52 percent in Q3 Business

VIB's pre-tax profit surges 52 percent in Q3

The Vietnam International Bank (VIB) posted pre-tax profit of over 1.66 trillion VND (72 million USD) in the third quarter of 2020, up 30 percent month-on-month and 52 percent year-on-year, according to its third quarter 2020 financial report published recently.
National financial strategy’s implementation promoted Business

National financial strategy’s implementation promoted

The Deputy Governor of the State Bank of Vietnam has asked units to regularly review and assess the implementation outcomes to determine the possibility of fulfilling assigned tasks in order to have suitable solutions, ensuring set goals.
Digitalisation race among banks: Advantages of pioneers Business

Digitalisation race among banks: Advantages of pioneers

Right in the first week after the app electronic know your customer/client (e-KYC), the Tien Phong Commercial Joint Stock Bank (TPBank) has seen nearly 5,000 customers registering to open their accounts through the bank’s mobile app.
Mobile money pilot project submitted to PM for approval Business

Mobile money pilot project submitted to PM for approval

A mobile money pilot project has been submitted to the Prime Minister for approval, marking a bold step for the development of payments using telecommunication accounts in Vietnam, Governor of the State Bank of Vietnam Le Minh Hung said at the dialogue between the PM and the business community last week.
Thai banks to apply facial recognition technology World

Thai banks to apply facial recognition technology

The Bank of Thailand (BoT) is finishing the testing of facial recognition software for the electronic Know Your Customer (e-KYC) technology in the regulatory sandbox, paving the way for banks to offer passbook account opening through mobile banking apps in the second quarter of 2019.
Deputy PM: Vietnam supports cashless payments Politics

Deputy PM: Vietnam supports cashless payments

The Vietnamese Government will continue to support and solidify legal regulations on cashless payment systems, Deputy Prime Minister Vuong Dinh Hue told Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia which has been popular in Vietnam over the past five years.
Vietnam calls for science-technology experts Politics

Vietnam calls for science-technology experts

Vietnam continues the call for more incentives for experts, scientists, as well as domestic and international enterprises to accompany Vietnam in its adoption of the Fourth Industrial Revolution (Industry 4.0), stated Prime Minister Nguyen Xuan Phuc on July 12.