News
SBV announces appointment Decision of Deputy Director General of Payment Department
On April 10, 2024, the State Bank of Vietnam (SBV) held a ceremony to announce the SBV Governor’s Appointment Decision of Deputy Director General of the Payment Department. The ceremony was attended by Deputy Governor Pham Tien Dzung, together with representatives of the Personnel Board of the SBV’s Party Committee, the Human Resources Department, and all of the officials and staff of the Payment Department.
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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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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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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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Vietnam’s Banking Execs Call for Open Banking Framework
In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution.
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Fintech a promising industry in Việt Nam: insiders
The market is expected to reach US$18 billion by 2024 with a high level of competition.
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Mcredit’s representatives presented at World Financial innovation 2023
On April 2023, two representatives of Mcredit: Mr. Nguyen Manh Khang (Deputy CEO, CIO) and Ms. Nguyen Thanh Hang (Head of CX) attended World Financial Innovation (WFI) event in Hanoi.
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Vietnam - Russia joint venture bank announcement on organization of asset auction
Vietnam - Russia Joint Venture Bank (VRB) is pleased to announce the selection of an asset auction organization as follows:
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Digital payment systems have massive growth potential: Fintech Club Viet Nam leader
Nguyễn Đăng Hùng, head of the Fintech Club Việt Nam under the Viet Nam Banks Association, speaks to the Vietnam News Agency about this development.
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Shinhan Bank Vietnam Appoints New Chief Executive Officer
Shinhan Bank Vietnam Limited (“Shinhan Bank”) has officially announced the appointment of Mr. Kang Gew Won to take the role of the bank’s Chief Executive Officer.
