Vietnamplus

Vietnamese banks are among the earliest in the world to make the digital transformation, experts have said.

Companies in Vietnam ranked higher than the global average in taking a strategic, consistent or radical approach to digitalising customer experience and engagement, said Singapore-based financial services group DBS.

Customers in Singapore are more satisfied with finance sector there as banks boost their online banking security. However, customers are less interested in newcomer digital banks.

Vietnamese digital payment firm Momo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.

Indonesia accounts for around 40%, or 77 billion USD, of the total digital economic transaction value in Southeast Asia, the Financial Services Authority (OJK) has cited the e-Conomy South East Asia Report of 2022 as saying.

The southern province of Binh Duong wishes to strengthen cooperation with and attract more investment from Laval city in Canada’s Quebec region, as well as Canadian businesses, said Vice Chairman of the provincial People’s Committee Mai Hung Dung.

Due to the stagnant bond market, the Ministry of Finance (MoF) has proposed a decree amendment to allow enterprises to convert bond payments into assets, including real estate.

Vietnam always considers Japan a strategic and long-term partner of top importance, Prime Minister Pham Minh Chinh told Japanese Minister of State for Financial Services Suzuki Shunichi during a reception in Hanoi on January 13.

Indonesia plans to set up a crypto exchange this year before it shifts regulatory powers over such assets from commodity futures trading supervisory body Bappebti to Financial Services Authority (FSA).

Deputy Prime Minister Le Minh Khai hosted a reception for a Swiss business delegation led by Andreas Gerber, head of Small- and Medium-sized Enterprise (SME) Business Switzerland, in Hanoi on November 11.

Singapore wants to be a global crypto hub, but not be a centre for trading and speculating on cryptocurrencies, Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), has said.

A workshop held in Hanoi on June 16 underlined the need for financial technology (fintech) services for the development of small- and medium-sized enterprises (SMEs).

Mobile Service JSC (M-Service) – the biggest e-wallet firm in Vietnam said it had raised 200 million USD from global investors for its MoMo e-wallet service during the Series E (5th) financing round.

The AEON 1% Club Foundation, a member of Japanese retail and financial services corporation AEON, granted 60 scholarships to Vietnamese university students at an online ceremony on November 24.

Financial website thearmchairtrader.com has run a story which commented that the economic fundamentals underpinning Vietnam were strong and just going to get better.

Economic activity in Malaysia and India next year is expected to recover faster than previously forecast, although these two countries have been among those hardest hit by the COVID-19 pandemic in recent months.

VPBank has been a pioneer in granting letter of credit (L/C) online for import-export businesses in Vietnam to help them save time and costs.

The State Bank of Việt Nam (SBV) is amending regulations related to the operation of agency banking to improve access to the banking system.

The need to increase awareness and understanding of customers' financial services is increasing globally, and Vietnam - an emerging economy, is no exception, according to a report.

Singapore's tech unicorn Grab will remain focused on Southeast Asian markets even after it goes public in the US, co-founder and CEO Anthony Tan told Asia Nikkei Review.