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Future of digital banking hinges on data security: experts
Data security and privacy play a pivotal role in the digital transformation of the finance and banking sector, according to experts.
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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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DFC pledges US$300-million bilateral loan to VPBank to promote sustainable finance
Viet Nam Prosperity Joint Stock Commercial Bank (VPBank) and the U.S. International Development Finance Corporation (DFC) inked a Commitment Letter on a bilateral loan worth US$300 million with a seven-year tenor.
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Agribank presented at the online webinar of the Asian Bankers Association
On the afternoon of August 29, 2023, in Hanoi, Vietnam Bank for Agriculture and Rural Development (Agribank) attended and presented at the online webinar on "Connecting and Exploring Opportunities with ABA" of the Asian Bankers Association (ABA). The webinar was attended by more than 300 representatives from the organizations of Asian Bankers Association.
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BIDV and LSP sign 200-millions USD credit agreement
The signing ceremony with a credit limit of 200 millions USD between the Joint Stock Bank for Investment and Development of Vietnam (BIDV) (represented by BIDV Ba Thang Hai Branch) and Long Son Petrochemicals Company Limited (LSP) took place on July 27, 2023, in Ho Chi Minh City.
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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.
