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Pandemic spurs digital banking transformation, helps create new services
he pandemic has forced the banking sector to speed up digitalisation and contactless banking, said Nguyễn Quốc Hùng, general secretary of the Vietnam Banks Association during an online conference on the digitalisation of banking and finance in Việt Nam on Thursday.
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SBV to consider revising credit growth targets for banks
From now until the end of the year, the State Bank of Vietnam will review and consider revising credit growth targets for credit institutions and priority is expected to be given to those that reduce loan interest rates.
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SBV demands interest rate reduction this month
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.
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Int’l card organisations continually urged to cut fees
The Vietnam Banks Association is urging international credit and debit card companies to reduce a number of fees, as the country continues to battle the COVID-19 pandemic.
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SeaBank to set up asset management arm
The State Bank of Việt Nam (SBV) will allow Southeast Asia Commercial Joint Stock Bank (SeaBank) to set up its own asset management firm.
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Cashless payments flourish in first nine months of 2021
Cashless payments continued to grow fast in the first nine months of 2021 to top 36.28 quadrillion VND (1.6 billion USD), according to a recent report by the Government.
