Most of credit organisations expect their business performance will keep improving in 2019, according to the central bank’s Monetary Forecasting and Statistics Department.
PricewaterhouseCoopers (PwC) predicts that the financial services sector in ASEAN will outpace that of more mature markets, according to the ASEAN Post.
As reliance on information technology becomes ever more pervasive in society, cybercrime has grown rapidly both in quantity and sophistication in Vietnam, experts said.
The application of digital technologies in providing banking services has proven effective, not only bringing better experience to urban customers but also helping banks introduce their services to low-income households.
After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.
The financial technology (Fintech) industry is thriving in Vietnam with the market value expected to increase from 4.4 billion USD in 2017 to 7.8 billion USD by 2020, according to a report by Solidiance, a management consulting firm in the Asia-Pacific.
Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.
The trend of cashless payment and digitalisation in personal banking services is generating major opportunities and challenges to banks, especially amid Industry 4.0, according to a 2017 report on banking services compiled by IDG Vietnam Co. Ltd.
Prime Minister Nguyen Xuan Phuc has urged the State Bank of Vietnam (SBV) to take more comprehensive and bold measures to boost credit growth and reduce interest rates.
A national strategy on an inclusive financial system is needed to promote socio-economic sustainable development in Vietnam, Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung has said.
ABBANK on May 24 officially signed an agreement with ADB on joining the Trade Finance Programme – one of prominent programmes enabling Vietnamese enterprises to increase competitiveness and get more opportunities to promote economy.
The State Bank of Vietnam has instructed HDBank to provide banking services for the Second Upper Secondary Education Sector Development Programme funded by the Asian Development Bank.
With the Government encouraging noncash payments, e-banking service is promising in Vietnam, experts said at the Vietnam Retail Banking Forum 2016 in Hanoi on December 1.
Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh has asked the banking sector to enhance efforts to improve access to banking services for the economy.
Shareholders of Saigon Securities Inc on April 25 approved the company’s expansion into derivatives trading, which has yet to begin in Vietnam, however.
The Ministry of Finance has instructed commercial banks to completely stop over-the-counter tax payments and work with tax agencies to implement online tax payments by the beginning of December.
DongA Bank has deployed another 17 auto banking transaction points in Ho
Chi Minh City since June 2, bringing the total number to 42 across the
country.
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