The COVID-19 pandemic has speeded up the banking sector’s awareness of digitisation by three to five years and forced lenders to accelerate the process to survive and grow.
The COVID-19 pandemic has contributed to forming online shopping and online payment habits, a trend that is likely to continue after the pandemic, held experts.
The State Bank of Vietnam (SBV) has asked Vietnamese credit institutions and foreign banks’ branches in the country to disinfect cash in a bid to curb the spread of COVID-19 outbreak.
Banknotes, which go from people to people, are a high-risk source of spreading virus. The habit of using cash among 90 percent of the population makes the banknotes, regardless of their materials as paper or polymer, a potential harmful factor to public health, which can transmit not only corona virus but many other diseases.
The Ministry of Public Security has issued a warning over a new type of scam where apparent official bank messages are sent to customers to appropriate money.
Challenges related to network security, customer trust and an inadequate legal framework are road blocks to the digital transformation of Vietnamese banks, experts told a recent conference in HCM City.
Embracing the digital transformation is critical for Vietnamese bankers in the era of Industry 4.0, experts said during the 2019 Asian Banker Conference in Hanoi on January 10.
The Bkav Technology Group said on July 26 its virus monitoring system had discovered malware called BrowserSpy that is able to track users’ actions and steal their personal data, such as bank account information, and Gmail or Facebook passwords.
New strides in finance and banking in the context of the Fourth Industrial Revolution came under spotlight at a seminar on July 13 within the framework of the Industry 4.0 Summit and Expo 2018 in Hanoi.
With their growing dependency on online accounts, people are increasingly facing a dilemma – how to choose strong passwords to protect themselves and their data.
The Revenue Department (RD) of Thailand is considering ways to improve and increase revenue collection from businesses operating in electronic commerce (e-commerce).
The Government has approved an e-commerce development plan for 2016-20 that targets 50 percent of consumers switching from cash to other forms of payment.
Banks should make more investment in science-technology to produce services and products that are more convenient for customers, according to financial experts.
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.
Electronic payments for online transactions remained modest compared
with cash-on-delivery payments, according to a recent report of the
Ministry of Industry and Trade on e-commerce in Vietnam.
In spite
of this, the e-commerce payment system is an important base for the
development of e-commerce, which has great potential in Vietnam.
Business
XIII National Congress of Communist Party of Vietnam
