Poor logistics system hinders agricultural products’ trade Business

Poor logistics system hinders agricultural products’ trade

Despite being considered as the driving force of Vietnam’s economic growth, agriculture has been held back by an incomplete logistics system which fails to ensure quality and connect farms with markets, according to Ministry of Agriculture and Rural Development (MARD).
Fintech needs improved legal framework: experts Business

Fintech needs improved legal framework: experts

To develop financial technology, a comprehensive legal framework and cooperation between banks and fintech businesses are required, experts told a conference organised by the State Bank of Vietnam (SBV) and Asian Development Bank (ADB) in Ho Chi Minh City on September 10.
Singapore: Investment in fintechs surges World

Singapore: Investment in fintechs surges

Investment in Singapore’s financial technology companies in the first half of 2019 has quadrupled from a year ago to 453 million USD, according to a recent report of consulting company Accenture.
TPBank, UnionPay launch payment service Business

TPBank, UnionPay launch payment service

The Tien Phong Commercial Joint Stock Bank (TPBank) and UnionPay International (UPI) signed a cooperation agreement on inter-bank payment in Vietnam, at a ceremony in Hanoi on July 15.
Cashless payment remains low in Vietnam: CIEM Business

Cashless payment remains low in Vietnam: CIEM

The ratio of cashless payments in Vietnam remains low, standing at only 11.49 percent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).
Vietnam looks to develop cashless payment Videos

Vietnam looks to develop cashless payment

The State Bank of Vietnam is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
Vietnam looks to develop cashless payment Business

Vietnam looks to develop cashless payment

The State Bank of Vietnam (SBV) is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
Vietnamese banks handle 898.4 billion USD through e-payments Business

Vietnamese banks handle 898.4 billion USD through e-payments

Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion VND (898.4 billion USD) in the first quarter of the year, up 23 percent and 17.8 percent respectively compared to 2018, according to the State Bank of Vietnam (SBV).