News
Training course on identifying IT and Cyber Security risks
It is expected that in July 2025, the Vietnam Banks Association (VNBA) will organize a training program on "Methods of identifying IT risks, Cyber Security (CS) & Building an CS Architecture Framework according to international standards"
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VNBA Consumer Finance Club (2nd term 2025-2028) held the 1st talk
On the morning of July 4, 2025 in Hanoi, the Executive Board of the Consumer Finance Club of the Vietnam Banks Association (VNBA CFC) for the second term (2025-2028) held its first meeting. The meeting agreed on the Action Program to implement the Resolution of the Club Conference held on June 6, 2025, with many specific goals and solutions for the development of the industry. Dr. Nguyen Quoc Hung, Vice President and General Secretary of VNBA attended and directed the meeting.
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TCB, Mobifone and One Mount Group establish digital payment company
Mobifone, Techcombank and One Mount Group recently contributed capital to establish a digital payment company with a capital of 300 billion VND.
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Regulatory sandbox in banking sector is a bold policy innovation
With more than 95 per cent of registered enterprises being SMEs, the private sector plays a decisive role in driving economic growth, innovation, and digital transformation.
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Banks end magnetic cards, require biometrics for firms from July 1
From July 1, banks across Việt Nam stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.
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Major changes coming to Vietnam's banking sector on July 1, 2025
From July 1, Vietnam's banks will require biometric verification and phase out magnetic cards.
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Digital assets finally go legal for Vietnam
The official legal recognition of cryptoassets presents both an opportunity to accelerate the growth of the digital tech market and a challenge in mitigating potential related disputes.
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VNBA and Visa hold quarterly meeting
On June 25, 2025, the Vietnam Banks Association (VNBA) held a regular meeting for the second quarter of 2025 with Visa International Card Organization. At the meeting, Visa updated new solutions being deployed in the global market, including strategic solutions in the Vietnamese market.
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VIB introduces PayFlex in first implementation of Visa VFC technology
Vietnam International Bank (VIB) is introducing VIB PayFlex, an innovative financial feature developed on the Visa Flexible Credential (VFC) technology, allowing VIB Visa cardholders to make flexible payments from two funding sources – credit and debit accounts – using a single credential, enabling smarter financial control and maximizing rewards.
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VNBA opens training course on risk identification and cyber security
On July 26, 2025, the Vietnam Banks Association (VNBA) will organize an online training course on "Methods of identifying IT risks, Cybersecurity (ANM) & Building an ANM Architecture Framework according to international standards", to support Banks and financial institutions to improve their IT risk management capacity and protect digital assets.
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Shinhan Bank and Visa collaborate to promote payment solutions for SME
Shinhan Bank Vietnam Limited (“Shinhan Bank”) and Visa International (“Visa”) participate in the “Cashless Day 2025” program with the theme “Cashless payment promotes digital economy”.
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Vietnam enhances regulatory framework to promote cashless payments
Vietnam is enhancing its regulatory framework and policies to promote cashless payments as part of its strategy to develop a more digital economy.
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Visa Asia Pacific announces new era of AI-driven commerce
The future of commerce in Asia-Pacific was on display at the Visa Asia Pacific Media Showcase, where the company announced a suite of product innovations and strategic partnerships to enable a new era of commerce for the region.
