Vietnamplus

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.

The State Bank of Vietnam (SBV) urged the banking industry to build an inclusive finance system that serves all members of society in Vietnam in Hanoi on September 10.

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.

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.

Vietnam has recorded significant progress in applying cashless payment, especially in the public service field.

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.

The banking sector is waiting for the State Bank of Việt Nam to allow the use of electronic know your customer/client (e-KYC).

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.

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 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.

The Industry 4.0 Summit and Expo 2018 will take place in Hanoi from July 12-13 under the theme of “Vision and Development Strategy in the Fourth Industrial Revolution”.

The list of 16 finalists in the Fintech Challenge Vietnam (FCV) – the first-ever financial technology contest in the country has been officially announced, according to the Asian Development Bank (ADB) in Vietnam on March 20.