News
Workshop "Winning the digital payment race in the Banking and Finance industry"
On September 10, in Hanoi, the Vietnam Banks Association (VNBA) coordinated with BPC Vietnam Company to organize the workshop "Winning the digital payment race in the Banking and Finance sector" with the aim of contributing to promoting digital transformation in the Banking and Finance industry as well as encouraging cooperation, creating a tight, effective and sustainable digital banking and digital payment ecosystem in Vietnam.
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Promote cross-border bilateral payments via QR Code
On August 21, 2024, the Vietnam Banks Association (VNBA) coordinated with the Payment Department (State Bank of Vietnam) to organize a meeting to promote bilateral retail payments via QR codes between Vietnam and countries in the region, along with a number of issues of concern in the Circular No. 40/2024/TT-NHNN dated July 17, 2024 regulating the provision of intermediary payment services.
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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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VISA and VNBA update on development of payment frauds
On July 15, 2024, in Hanoi, the Vietnam Banks Association (VNBA) had a reception and working session with the delegation of the Visa International Card Organization to update, exchange and discuss on the development of payment frauds in the second quarter of 2024.
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To form a coordinated process for handling accounts and cards to prevent fraud and scams
On July 3, in Hanoi, the Vietnam Banks Association (VNBA) coordinated with the Vietnam National Payment Corporation (NAPAS) to hold a meeting to discuss the coordination process for handling accounts and cards related to transactions suspected of fraud, forgery, and scams.
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Training courses on legal knowledge related to credit contracts
On August 3, 2024, the Vietnam Banks Association (VNBA) will hold a training course themed "Legal knowledge related to Credit Contracts, Mortgage Contracts and dispute resolution skills at Court in banking activities". The member organizations are invited to nominate staff to attend.
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Foreigners advised to visit bank branches for biometric verification
The State Bank of Vietnam (SBV) has issued guidance for commercial banks to serve the registration of biometric data for foreign residents in Việt Nam, when a new regulation on mandatory biometric verification for first-time mobile banking users or large valued transactions takes effect early next month, an SBV official said.
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Looking for partners to access the security of Internet Banking system
Nam A Commercial Joint Stock Bank (Nam A Bank) invites qualified, capable and experienced contractors to participate in competitive bidding to evaluate the security of the bank's Internet Banking system.
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AI application in preventing money laundering and financial crimes
On June 11, 2024, in Hanoi, the Vietnam Banks Association (VNBA) in collaboration with LUCID Groupe Pte.Ltd (LUCID) and Symphony AI Group organized a workshop themed "Application of artificial intelligence (AI) in preventing and combating financial crimes", to update and share the latest trends and technology solutions in preventing and combating money laundering, fraud and financial crimes.
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GenAI’s impact on the financial sector
Vietnam’s financial sector has shown remarkable growth, accompanied by a rising demand for digital services. Managing director and partner Il-Dong Kwon and project leader Luan Nguyen of Boston Consulting Group explain that a comprehensive strategy is imperative in order to bolster competitiveness.
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Shinhan Bank is recruiting many new positions for the second quarter of 2024
Shinhan Bank recruits many new positions for the second quarter of 2024 with attractive remuneration, competitive salaries, dynamic and professional working environment.
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MBBank recruits many new positions
Military Bank (MBBank) recruits many new positions in many locations with attractive salaries, stable benefits, and a professional working environment.
