BIDV among top 10 prestigious Vietnamese banks
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VNBA and Singaporian Fintech Association talks on financial technology trends
On July, 30th, 2024, VNBA Vice-Chairman cum Secretary General Nguyen Quoc Hung has received and talked to Singaporiean Fintech Association CEO Reuben Lim. Participated in the meeting, there were Mr. Truong Quang Viet – Vice Chairman of Vietnam Fintech Club and representatives from VNBA standing Agency’s units.
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Vietnam accelerating towards a cashless society
For the first time, the Vietnamese legal framework formally defines electronic money. Under Decree No.52/2024/ND-CP, electronic money is “the value of Vietnamese currency co-stored on electronic means provided on a reciprocal basis with the amount prepaid by customers to banks, foreign bank branches, and intermediary payment service providers providing e-wallet services.” This definition establishes electronic money as a digital form of Vietnam’s legal currency.
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22 credit institutions successfully deploy VNeID for authentication
To date, twenty two credit institutions and 13 payment intermediaries have successfully deployed VNeID app for authentication of payment account opening, payment transactions and customer information verification.
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Warning of increase in fake bank websites
The National Cyber Security Centre (NCSC) discovered 68 more websites impersonating the brands of agencies and organisations in order to scam users last month.
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SBV works to ensure macroeconomic stability, inflation control
The State Bank of Vietnam (SBV) will manage interest rates in accordance with macroeconomic balance and inflation in the second half of 2024 to ensure macroeconomic stability and inflation control, an SBV official said on Tuesday.