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'Buy now, pay later' poses risk if left uncontrolled
Although "Buy now, Pay later" (BNPL) - a type of financing that allows consumers to make purchases and pay for them over time - is growing in popularity in Vietnam, experts worry it could pose some financial risks if left uncontrolled.
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ATMs being "sluggish" in terms of digital transformation
At least 95 per cent of banks in Việt Nam are actively implementing digital transformation.
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Banks spend some $662mln on digitization
Daily transactions now reach 8 million, with a cash value of some $38 billion, as banks pay greater focus to digital transformation.
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Banks must prepare to respond to non
Risk management has become an extremely important task for all banks.
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Secretary General of the ASEAN Bankers Association visits the VNBA
During the business trip to Vietnam, Mr. Paul Gwee, Secretary General of the ASEAN Bankers Association (ABA) paid a visit to Vietnam and had a discussion with the Vietnam Banks Association (VNBA) on August 18, 2023. Dr. Nguyen Quoc Hung, VNBA’s Vice Chairman cum Secretary General and representatives from VNBA’s departments received and talked to him.
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BIDV Thanh Do announces the selection of asset auction organization
Joint Stock Commercial Bank for Investment and Development of Vietnam - Thanh Do Branch announces the selection of asset auction organization as follows:
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Risk management workshop in Vietnam and introduction to the Mojaloop project
During the two days of August 17-18, 2023, in Hanoi, the Vietnam Banking Association will coordinate with the ASEAN Banking Association (ABA) to organize events including: Vietnam Risk Management Workshop and Introduction to the Mojaloop project.
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VietinBank receives 2 awards given by JPMorgan
On August 3, 2022 in Hanoi, VietinBank held a ceremony to receive 2 awards: 2021 Elite Quality Recognition Award for U.S. dollar clearing MT202 and for U.S. dollar clearing MT103.
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Vietcombank brings Apple Pay to customers
A safer, more secure and private way to pay with iPhone, Apple Watch, iPad and Mac
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Mobile phone, QR code payments soar in popularity
Electronic and cashless payments saw significant increases in Vietnam in the first half of this year, with internet transactions growing by 76% in volume and 1.79% in value.
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SBV: 120 trillion VND social housing credit package rolled out
To date, 10 provinces have sent their lists of projects for access to a 120 trillion VND (5.11 billion USD) housing credit package, heard an online conference on reviewing a resolution to remove difficulties for the development of the real estate market chaired by Prime Minister Pham Minh Chinh on August 3.
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BIDV among top 10 prestigious Vietnamese banks
On 4 August 2023 in Hanoi, Vietnam Report Joint Stock Company (Vietnam Report) held a ceremony to announce Top 10 prestigious Vietnamese banks in 2023. BIDV was named one of 10 most prestigious companies in Vietnam’s banking and insurance sector.
