News
Training courses on money laundering prevention, sanctions and international payments in banking activities
On May 30 and 31, 2024, the Vietnam Banking Association (VNBA) in collaboration with Wells Fargo Bank N.A will organize two training courses in Hanoi and Ho Chi Minh City on "Financial Crime, Anti-Money Laundering, Embargoes and International Payments in banking operations".
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Card payment market: New trends of risks and frauds
On the morning of April 8, 2024, at the headquarters of the Vietnam Banks Association (VNBA), Vice Chairman and General Secretary Nguyen Quoc Hung received a delegation of Visa International service Association led by Ms. Dang Tuyet Dung, Visa Country Manager for Vietnam &Laos.
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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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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:
