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Experts will share experience in cyber security in the banking and financial sector during an exercise slated for October 11.

The Republic of Korea’s digital transformation policy and implications for Vietnam, Vietnam’s digital banking transformation policy, the importance of credit information system in digital transformation, the leap towards digitisation and the recent trend of digital banking and payments in Asia were discussed at a recent symposium in Hanoi.

Vietnam is among the world’s best performers in digital banking, with around 15 trillion VND in total poured into digital transformation, Le Anh Dung, Deputy Director of the State Bank of Vietnam (SBV)’s Payment Department, told a talk show on September 28.

Governor of the State Bank of Vietnam Nguyen Thi Hong has issued decisions on revising up several interest rates by 1%, starting from September 23.

The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement (UKEVFTA) takes effect, according to banking insiders.

The race to increase charter capital in the banking sector continues to heat up with a series of banks announcing their capital increase plans.

Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.

Corporate bond issuance took a dive in the first half of 2022 amid lower bond interest rates.

Mergers and acquisitions (M&A) in the banking industry are expected to remain high for the rest of the year as the industry continues the digital transformation process, according to experts.

The Ministry of Finance (MoF) has issued targets for restructuring banks in a bid to bolster the strength of Vietnam’s financial sector.

The State Bank of Vietnam (SBV) and the Banking Working Group (BWG) jointly held a conference in Hanoi on July 16 to discuss measures to attract resources for the implementation of green growth and sustainable development targets.

Identity theft is not a new crime in the financial and banking scene, but insiders said a new twist on an old problem that banks and clients should worry about, exposes the need for heightened cybersecurity.

The domestic financial market has developed rapidly with outstanding results on the basis of cutting-edge technologies, Prime Minister Pham Minh Chinh said at a meeting of the National Steering Committee for Comprehensive Finance in Hanoi on August 6.

Prime Minister Pham Minh Chinh on August 4 commended efforts by the banking sector in digital transformation with diverse products and services for people and businesses.

Winners of the Top 10 Banking Reputation Awards were honoured at a ceremony jointly held by the Vietnam Report JSC and the VietNamNet newspaper in Hanoi on August 3.

Lists of top public companies and those in the banking, insurance, and technology sectors in 2022 was released by the Vietnam Report JSC and VietNamNet newspaper on August 3.

The innovative Vietnamese digital bank Cake by VPBank has won the Asian Banking & Finance Awards for the Best Core Banking System Initiative – Vietnam at the ABF Retail Banking Awards 2022.

The digital transformation day of the banking sector will be held on August 3, the State Bank of Vietnam (SBV) announced at a press conference in Hanoi on July 28.

The Vietnam Internet Network Information Centre (VNNIC)’s automatic monitoring system has so far detected more than 450 domain names, including 357 international ones, with signs of violation related to e-commerce and banking.

A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Vietnam (SBV)’s latest survey on business trends of credit institutions showed.